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

To: Andrew H who wrote (1565)	3/12/1999 10:49:00 AM
From: Kelton	Read Replies (2) \| Respond to of 2153

Hey! In the mean time, let's make the best of it, I think those of us here believe that LEAH is going to pull out of this predicament in a big way, what do you all say? We'll have a lot of visitors from the Stock Detective and like places that will want to come and see the "LEAH joke thread" I'll start us off with a joke, Today's Stock Market Report: Helium was up, feathers were down. Paper was stationary. Fluorescent tubing was dimmed in light trading. Knives were up sharply. Cows steered into a bull market. Pencils lost a few points. Hiking equipment was trailing. Elevators rose, while escalators continued their slow decline. Weights were up in heavy trading. Light switches were off. Mining equipment hit rock bottom. Diapers remained unchanged. Shipping lines stayed at an even keel. The market for raisins dried up. Coca Cola fizzled. Caterpillar stock inched up a bit. Sun peaked at midday. Balloon prices were inflated. Scott Tissue touched a new bottom. And batteries exploded in an attempt to recharge the market.

To: Andrew H who wrote (1565)	3/12/1999 11:36:00 AM
From: Andrew H	Read Replies (2) \| Respond to of 2153

******************* RESPONSE FROM LEAH ****************** I just spoke with Irwin Boock again. LEAH's corporate attorney called the SEC and received the following information. The SEC was concerned about LEAH's acquisition of Adel Steel. This acquisition in fact never happened. LEAH did sign a letter of intent, but after they did their due diligence, decided they did not want to acquire the company. So there is absolutely not hint of any misinformation of wrong doing in regard to this acquisition. Secondly the SEC apparently does not believe that D and T (CIS) is doing audit work for LEAH. In fact, they are, as stated, and this will be made clear, probably by D and T issuing a joint release with LEAH stating this. It appears likely that some of the MMs who were short on this stock may have contacted the SEC and complained in order to cover their position at a lower price, given the bad press of an SEC suspension. If this is the case, I hope the SEC will look into those who complained and their motivations. Finally, one wonders why the SEC shoots first and investigates later. One would think they would have contacted the company first with these concerns and given them a chance to respond before abruptly halting trading.