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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: paulbk who wrote (699)	11/12/1998 2:55:00 AM
From: Stephen Goldfarb	Respond to of 1640

Paul: The best place to get a view of the Kaire International revenue picture is through the latest SEC filing for the IPO. Among its revelations is that the company continues to operate at a loss. The South Korea operation is to be liquidated. There has been an internal 1 for 2 reverse split. The currently held shares are subject to SEC Rule 144 (restricted shares). Kaire Holdings has indicated it will not sell its shares for 2 years. The effect of the reverse split is to give the IPO purchasers a larger share of the company. Of course, Kaire International is in a "turnaround" situation. One must look forward to see benefits. Company plans are discussed in the SEC filing. Steve