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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?

To: Kelton who wrote (2024)	6/23/1999 3:15:00 PM
From: Kelton	Read Replies (1) \| Respond to of 2153

I have a very conservative estimate of the size of our dividend. Here's why: Only the manufacturing division of SibMach is to be sold, a division of a company that is 60% owned by Leah. After the investment banking firm gets their portion, and every other imaginable expense associated with the sale, then that money goes towards purchasing more oil and gas production resources, likely to be an oil field in either West Texas or Canada. Then, will we see " the balance of the sale proceeds to be paid to shareholders by way of special dividend". Timeframe before we know what that will be? Many months, I am sure. Though the dividend will somehow help the company get re-listed, it cannot be a regarded as more valuable than the act of becoming fully-reporting. If the company announced even a small dividend before the main task of producing an audit took place , I guess that the SEC would only suspend the stock again. Why? because that would make the company suspect of operating a pump & dump -- I mean, announce a cash dividend before the proof of fitness to issue such dividend?