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

To: Kelton who wrote (1514)	3/10/1999 7:22:00 PM
From: Dan O.	Read Replies (1) \| Respond to of 2153

I think I read somewhere that for every $1 increase in the price of oil $0.75 goes to Leah's bottom line. If oil has risen, say, $2.50 that means an extra $900,000,000 to LEAH or $39 per share. I realize that that is an oversimplification, but if the company were to be sold for it's assets at some time, I'd like to see oil continue to move up from here to at least the $18-20 range in the next year or two. You are right Kelton that POO doesn't mean much to investors now in relation to the fundamental questions about LEAH, but it means everything to the value of the company From last quarter's report: Leah Industries is proud to report that SibMach currently has proven oil reserves of approximately 800,000,000 barrels of which 60% (480,000,000 barrels) accrue to the books of Leah. The value of these reserves and their impact on the book value of Leah will be computed by Deloitte & Touche (CIS) and will be reflected in the Dec. 31, 1998, year-end audited financial statements.

To: Kelton who wrote (1514)	3/10/1999 9:53:00 PM
From: FRANK J CATALANO	Read Replies (1) \| Respond to of 2153

KELTON THANKS !! I've BEEN AROUND THE MARKET A LONGGGGGG TIME !! MANYYYY MANYYYY YEARS AGO I OWNED STOCK IN A SMALL OIL COMPANY THAT KEPT TELLING SHAREHOLDERS THEY HAD RESERVES OF $12.00 A SHARE . THE STOCK WAS $2.00 !! THE COMPANY IS NOOOOOO LONGER AROUND . WHAT I'M TRYING TO SAY IS DON'T BELIEVE EVERYTHING YOU HEARRRRRR !! LETS VALUE LEAH ON EARNINGS THEY HAVE NOWWWWWW ( FULL YEAR 1998 ) and 1999 . THE COMPANY STATED THEY HAD ABOUT $1.5 MILLION +.07 NET FOR THE FIRST NINE MONTHS OF 1998 . LETS WORK WITH THOSE ### and FOURTH QUARTER ###### FOR NOW . GOOD LUCK CAT