Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tom jones who wrote (99)	6/17/1998 11:00:00 AM
From: FRANK J CATALANO	Respond to of 2153

TOM LEAH- LOOK AT IT THIS WAY. AT $2.50 A SHARE AND EARNINGS OF WHAT THE COMPANY IS LOOKING FOR THIS YEAR ( +.65 ) I'D SAY THE COMPANY IS WELLLLLL UNDERPRICED ANYWAY.IF THIS COMPANY IS FOR REAL and THEY DO SHOW +.60 +.65 THIS YEAR THE STOCK SHOULD BE WORTH NO LESS THAN $6.00 and THATS USING A LOW 10 PE .THEY ARE ALSO LOOKING FOR $1.00+ IN 1999. NOW LETS SAY BECAUSE OF EXTRA SHARES THEY " ONLY " SHOW +.80 . USING THE SAME LOWWWWW 10 PE WE COME UP WITH A STOCK PRICE OF $8.00 . THE BOTTOM LINE IS THE COMPANY WILL HAVE TO PROVE ITSELF TO THE STREET BY SHOWING GOOD QUARTERS and BY GETTING LISTED AS THEY STATED. LETS HOPE ALL GOES WELL AND THE NEXT COUPLE OF QUARTERS LOOK STRONG. ITS STILL A HIGH RISK PLAY BUT 500 SHARES MAY GO A LONGGGGGG WAY IF ALL WORKS OUT . GOOD LUCK CAT

To: tom jones who wrote (99)	6/17/1998 12:02:00 PM
From: RLM	Respond to of 2153

From what I understand, LEAH is picking up assets in Russia at pennies on the dollar. A deal like this is a no brainer. SibMach-Font has estimated oil reserves of one billion dollars. The equipment that the make is built to US specification and the US oil companies do business with them. Look at LEAH as the CMGI of Russia. CMGI invests in internet companies, LEAH invests in Russian companies.

To: tom jones who wrote (99)	6/17/1998 12:12:00 PM
From: Andrew H	Respond to of 2153

Actually it is 12 million shares, not just 6M preferred--you have to add the 6 million common as well. This more than doubles the shares outstanding. The .60/share was based on 10M shares, not the 22M that will now figure into the calculation, so I think a revision is in order. It is really impossible for us to now have any idea of what the EPS will be, since we know nothing about the expected profitability of the Russian oil company. We do know that oil prices are at their lowest in years. A big problem here is that the company is non-reporting and we know only what it tells us. For all we know, the Russian deal could be an extraordinary coup. Or it could be a huge risk, given the current state of uncertainty and economic chaos in Russia. The stock's current price reflects this.