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Microcap & Penny Stocks : Kaire Holdings - $0.50 stock- $3 to $4 Book Value -- Ignore unavailable to you. Want to Upgrade?

To: Selfop who wrote (265)	8/18/1998 9:10:00 PM
From: Stephen Goldfarb	Read Replies (1) \| Respond to of 1640

I appreciate your work on this project. Mr. Benz is likely talking about the initial application to the SEC to do the I.P.O., and the 1st amended application. Each submission is followed by comments from the SEC. The company is to resubmit their 2nd amended application soon, based on the limited number of comments the company received from the SEC on their 1st amended application. That is the basis of the optimism. That is, the public offering is likely to be approved by the SEC. Once approved, a preliminary offering prospectus is prepared. This is called the "red herring." Prices and details may be left out till they are finalized. I assume issuance of the "red herring" will give the company feedback about the acceptance of the offering by the market. That may be what is required to make a final determination about the actual offering price, and perhaps other issues. If all goes well, a prospective time for the offering to occur is in the latter week(s) of September. However, I assume that anything can happen. It still makes sense to read the 1st amended application. It is posted on the SEC website. Based on what it says, you can probably make a pretty good assessment about how the offering will be received by the market. As I see it, this venture is very risky. If all goes well with the public offering, it could provide a good return. I hope we can avoid a lot of hoopla. Steve