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

To: R.E.B. who wrote (544)	10/12/1998 2:08:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 2153

Let's see what this does to the stock price. News looks terrific! We will have to wait at least until we see the terms of the contract in order to evaluate the value of the new company, Fire Environmental, Inc. But the spinoff sounds lucrative for shareholders. Proven booked reserves of 350 million is not half bad and is most likely only a very small percentage of actual reserves. If we figure each barrel is worth $2 in profit to LEAH, then we can project an initial book value for LEAH of $700 million divided by 23M shares = $30/share. Of course these numbers are just preliminary, but not bad at all!