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


To: CYBERKEN who wrote (1969)6/2/1999 6:12:00 PM
From: DISHRAIDER  Read Replies (1) | Respond to of 2153
 
<<According to LEAH, they have been approached about an opportunity to sell SM's mfg, and have hired an IB to find out what other offers are out there. >>

The latest PR does not state that they have been approached by any company wanting to purchase SibMach. Where did you get information about someone already approaching them?

Yeah ...they have spun off FENV that hasn't traded yet, and they have spun off Win-Door that hasn't been even distributed yet, and the parent company cannot even be traded on an open exchange thanks to the suspension brought on by the evil imperialists at the SEC.

What makes me nervous is that they state that this is the first step to getting relisted. What does selling SibMach manufacturing have anything to do with getting relisted? Are they having cash problems?

It seems as though they are trying to take attention away from the fact that the financials have not been made public, and that they have yet to file a C or a K with the SEC. Throw a dividend towards the shareholders and they will forget about the financials.

Well I guess only time will tell..........