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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 (1092)	1/28/1999 5:18:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 2153

Thanks, REB, that clears it up.

To: R.E.B. who wrote (1092)	1/31/1999 12:24:00 AM
From: MTHONER	Read Replies (2) \| Respond to of 2153

<< Mr. Gardt has restricted preferred stock. No matter when he converts, even at the end of the restriction period, he cannot sell his common for one year. Converting now prevents a two year holding period from becoming a three year holding period. >> R.E.B., Being that Mr. Gardt has begun conversion, what exactly is the earliest possible date that he "could" sell shares on the open market? The restricted shares convert 1:1 (WITH a 6%-kicker). At 1:1, I see no reason to convert now (giving up the 6%)...unless you're attempting to become liquid as soon as possible...