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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: Due Diligence who wrote (369)	9/9/1998 10:05:00 PM
From: Logistics	Read Replies (2) \| Respond to of 1640

Jimbo and all, I spoke to Owen and Bruce tonight: 1. 10K will be out within two weeks. 2. IPO is going ahead. Expected within three weeks. (Anywhere between 3.00 and 6.00) 3. Monies from IPO will be used to clean up balance sheet and start acquisition process. 4. Potomac deal will commence soon after. 5. Debentures are DONE according to Owen. 6. PR will be released by KAHI after Kaire International goes public which will confirm their 24% holdings in the IPO. THIS IS A REAL TURNAROUND SITUATION. SPECULATIVE BUT REWARDS SEEM TO OUTWEIGH THE RISKS. I like this stock at these levels - particularly as a possible large percentage gainer as PR's start to be released over the next couple of weeks. JL