Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alastair McIntosh who wrote (1785)	3/25/1999 8:07:00 PM
From: Andrew H	Respond to of 2153

Alistair, I admit it seems like quite a jump from the pink sheets to a listed exchange, but consider the following possible scenario: D and T produce a year end audit showing a substantial book value for the assets of Siberian machinery (60% owned by LEAH), both hardware and proven oil reserves, as well as decent earnings for the year and demonstrating that prospects for the coming year are good. Based on the credibility of the D and T audit, buyers bring the price up enough so that LEAH qualifies for a listed exchange. Or suppose the price of the stock does not rise enough to qualify for a listing. LEAH has recently published that it has somewhere in the vicinity of 10M in cash and cash equivalents. It could take some of this cash and with the credibility provided by the D and T audit, buy its way into a reverse merger with a listed stock. Yes, it seems a long way from here to there, and it all depends on the audit, but stranger things have happened.