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

To: RLM who wrote (1380)	2/25/1999 1:18:00 PM
From: Andrew H	Respond to of 2153

To the thread: I just spoke to Irwin Boock at LEAH. He said they have been getting a number of inquiries regarding the purchase details of Win-door's recent acquisition and ask that I relate the purchase details to the thread. Actually, LEAH pulled of a brilliant coup here, similar to the great deal they got for Siberian Machinery. For 80% of the new company with their terrific fire door product, LEAH paid 1M shares of Win-door, valued at $5/share. And 1.5M in cash. The cash, was not from LEAH, however but from Win-door. In effect LEAH paid none of its existing assets for this company. This was how Alex Nafanailov, LEAH's President put it: >>The purchase is for 1 million shares of win-door valued at $5.00 per share and $1.5 million for working capital to enhance and broaden marketing for the retrofit kits. Money coming from win-door not Leah.<<