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

To: Dan O. who wrote (1645)	3/14/1999 11:32:00 PM
From: Robert Tarics	Read Replies (1) \| Respond to of 2153

I am keeping my fingers crossed on LEAH. My continued disappointment with the company centers around the trustworthiness and credibility with management. Maybe I am too paranoid of cynical. On the other hand,how many times can you recall when management has been right on with any prediction? Do you really believe that audited financials will be out on March 25 or so? Is that a reasonable estimate or just a prayer? What if the company does not release a statement tomorrow? If it doesn't, what does that say about the company? What happened to the AMEX listing that was supposed to occur in August or September at the latest? Why did management make such bold predictions if it can't back it up? I can handle bad news. I just want straight answers and the truth. I do not mean to imply that there has been any deliberate deception. I have no reason to believe that there has been. It is just frustrating to watch the stock price decline steadily over time when your expectations are high given the strong sales pitch and the apparent unbelievable fundamentals with the company. One participant at the August(?) teleconference said that LEAH is either the steal of the century or a fraud? Which one do you think it is? The stock price is down 50% from that date and down about 90% from its high. I thought that the market was supposed to be a forceaster of things to come. Negative events have already been factored in. It seems to me that market believes that LEAH is not for real. If book value is really $5-15 per share something is really wrong. Markets are usually not this inefficient. Maybe management's assumption of book value are questionable. Does the market believe management's assumptions. From my vantage point, it looks like a resounding no. Also, does anybody know anything about the quality of the oil reserves? I am not a geologist, but it seems to me there is a big difference between reserves when wells are already producing and those reserves you hope to extract 20,000' below the surface of the earth at a great cost of drilling. Simply put,not all reserves are created equal. The probability of finding oil in commercially feasible quantities to drill for in one case may be close to 100% while in another it may be less than 5%. Also, even if there are producing wells, how is the product going to be transported? Sorry if these questions are stupid but I am just trying to learn. Hope everybody makes lots of money on LEAH!