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

To: FRANK J CATALANO who wrote (931)	12/27/1998 12:02:00 AM
From: Andrew H	Read Replies (2) \| Respond to of 2153

Hey CAT! I was told there would be no charges for the 4th Q, that all charges were taken in this 9 month consolidated report so they could go forward with a pristine balance sheet. As of now, they are expecting no charges or write downs for next year. I will ask next time I call specifically if there will be any charges regarding the spinoff of Fire Enviroemental. For sure, there are no more charges to be associated with SibMach or so I was assured. There is no question that the year end figures will be prepared and audited by D and T. And, FWIW, they will put a monetary value on the 480M bbls of oil which will be booked as LEAH's portion of SM's reserves. I expect earnings for this Q (ending Dec. 31 or in about 4 days)to be a minimum of .35, fully diluted and audited, which would give us about .40+ for the year. Possibly higher.