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

To: tom jones who wrote (133)	6/22/1998 6:39:00 PM
From: Andrew H	Respond to of 2153

To the thread: just spoke with Irwin Boock, the husband of the CEO. Looks like the AMEX listing process is coming along. Here is the current share count--9M o/s plus 2M warrants(which should trade when the AMEX listing is complete), then 12M shares issued for the acquisition of the Rsssian oil company--for a total of 23M, fully diluted. The 12M will be restricted for 2 years. 3M in the float but most are closely held. Furthermore the 10% that the company is authorized to buy back is 10% of the full dilution or 2.3M shares. If they were to buy a substantial portion of that, the float would be verrry small, indeed. The following is a letter which Irwin emailed to me (written by an officer of the company) and explains some details of the Russian oil company acquisition which incidentally has closed. The letter makes the point that had the acquisition been completed last year and the earnings tallied as part of LEAH's, they would have earned .85/share for 1997. This year (1998)they are expecting to earn 1.25/share. >>This company is the major oil well drilling equipment manufacturer in Eastern Europe and Asia. Using western accounting principles, Leah on a fully diluted basis would have earned $0.85 per share in 1997, with 1998 looking to come in at $1.25. The company has a 20% interest in proven oil reserves totaling 210 billion barrels, and that is not a misprint. We are already in discussions with major investment bankers to fully develop these fields, and we have had major institutional money calling us.<< Interested parties can contact the company directly by email at leahind@hotmail.com Address inquiried to alex nafanailov or Irwin Boock

To: tom jones who wrote (133)	6/23/1998 1:58:00 PM
From: R.E.B.	Respond to of 2153

Tom, on the BB the MM's can short a stock without limitation. They can even short a stock in excess of the float. When a stock becomes listed on the AMEX, the short sellers DO NOT HAVE TO COVER because of the listing alone. They would have to cover under two situations: 1. Shareholders order out their certificates. If we as shareholders order out our certificates and we own collectively 5 million shares, then someone who sold us a short share will have to deliver and that would require them to purchase the certificate on the open market. 2. The price of the stock gets so high that towards the end of the month when the MM's have to reconcile their margin with capital reserves, that they are required to put additional cash or cover the short position. The AMEX listing and being fully reporting will allow mutual funds, analysits and others to participate. Based on the fundamentals of the company the stock should go up and we should see some buying come in. I've got my fingers crossed.