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Come on kapone think about what you just said.
until H and H takes over the KAIH shell the value of KAIH is actually about zero.(especially true considering the convertible debt)
When they do take over then there is some value but there will also be 900,000,000 shares authorized and outstanding.
You are not advising buying the stock based on the value added by H and H now but based on the 42,000,000 outstanding shares prior to the 900,000,000 coming into play are you.
That is like saying hey buy the stock now at the inflated prices based on todays news and the pump before the company issues all 900,000,000 shares and the price falls to almsot nothing.
(However based on the posts of the new wave of "buyers" maybe you guys can find a few "bigger fools" to buy these type arguements.)
Yes, but what you don't realize (and I'm sure by design), is that the 900M is NOT issued yet. Right now, the O/S remains at 41M. And based on that O/S, the value should be much higher, UNTIL those new shares are issued. When they are, the PPS will reflect it.
At .035 cents this "new" entity will have a a market value of $31,500,000 when all 900,000,000 authorized shares are distributed and are outstanding.
$ 31,500,000 not a shabby market value for a Chinese glass distributor that had earnings of $ 500,000 a year ago. 63 times earnings ... Hey at least there were earnings, something completely foreign to Steve Westlund ....
well from the press release
"As part of its change in business direction, as of February 4, 2007, Kaire Holdings discontinued its pharmacy business."
In other words we failed so miserably at what we have been doing for last few years that we couldn't find anyone willing to buy this part of our business so we are discontinuing it.
On the plus side it does make KAIH a very clean "shell corporation" for H and H to acquire.
You stuckholders better pray that Westlund does not remain in a management position.
Sold too early, dam!!! Oh well, happy with a nice profit...glta. Waiting for a dip to jump back in.
Feeling good, BLAMMO!!
Say want you want, the fact is it ran to .07. The more you post the more you are making yourself look like an idiot. Paid Basher maybe?
I am not in this one at all. I just read your post and couldn't believe someone would be stupid enough to write it. If I were you, I would have the intelligence to be embarrased at this point regardless of where it goes from here.
0,037 EURO = 0,048 Dollar !!!!!!!!!!!!!!!!!!!
Germany / Frankfurt
Looks like you were the one looking like the fool yesterday. Some people made some real good money. I guess you were'nt one of them. .007 to .07 in a couple of weeks. I wish I would of got in on that!
Ahhh, another Message Board Messiah. Burned previously and then must save everyone from the evil that exists in penny stocks. Thanks.
Barchart puts resistance for this stock at .0892
well it was in 2005 at least but I'll bet Westlund Sarbane and Oxley will take care of that...
You mean this company is profitable?!!!! WEEEEEEEE!!!!!!!!!!!!
You need a course in Westlund 101. I actually owned 7500 shares in this POS before first 200/1 RS gave me 37.5 shares.(I am not bragging, just confessing. It did teach me the value doing full DD before "jumping in")
Classic care was their last failed acquistion JT.
and if you are stupid enough to pay money to chat on a bulletin board no wonder you are stupid enough to buy stock in this company on a misleading PR before the actual SEC filing comes out showing it was a reverse merger and only losers are the retail stockholders.
ROFLMAO... JT how many different ways can you show your stupidity today.
Bought on Bullship PR before 8K came out
Knows nothing about past company or its mangement.
Knows nothing about 2006 results of acquiring company.
Pays to use free bulletin boards
$ 500,000 annual profit over 900,000,000 shares comes to $ .00055 earnings per share. Woo Hoo load the boat.
So of that $ 500,000 profit mde by H and H in 2005 all the present KAIH shareholders (not counting officers etc) holding 42,000,000 plus shares will see about $ 2300 of earnings.
Just Too funny for words.
Now all we have to do is determine whether you are part of the people who can be fooled all of the time or just some of the time. My guess is the former based on your posts today..
On r/s's... PRGX did one a year or so ago to get the PPS up to remain on the AMEX. After they did so, yeah, it dropped some but they have enjoyed nice gains since. Supply/demand. If it's a good company with revenue, lowering the OS or float will move the demand up, thus the PPS.
That's just an example folks, FWIW.
Which means nothing to me. So what is your deal? Reply in a pm if you prefer. An otcbb merger that draws warnings from someone with a free account....odd.
Got two words for you JT .....Classic Care....
R/S in 45 days....still 3 months away. This company had $13M in revenues in 2005. Awesome, but we'll have to see what they report for 2006.
Do you guys just not read the SEC filings or are you just unable to understand them?
Do a little research on what happens to retail shareholders during a "reverse triangular acquistion".
H and H gets a public company. Management gets big equity, debt holders get a special deal, present stockholders get organic fertilizer.
You have been "Westlunded" again.
here you go from SEC filing:
H&H Glass will acquire 100% of the common stock of YesRx.com, a wholly owned subsidiary of KAIH in exchange for a combination of convertible debentures plus ninety two percent (92%) of the issued and authorized KAIH Common Stock (828,000,000). (i.e., H&H Glass is acquiring Kaire Holdings, Inc.’s assets and liabilities via a reverse triangular acquisition).
POST MERGER CAPITALIZATION
Equity
Capitalization After the Merger, the equity capitalization of Kaire will consist of the following:
Shares Percentage
Client 828,000,000 92.0%
Float 42,616,806 4.7%
Others 29,383,194 3.3%
TOTAL 900,000,000 100%
and
Upon signing the LOI, the Current Board will appoint two or more directors as supplied by H&H Glass. Upon closing of the Merger, current Board of Directors and Officers will resign.
Current Directors and Officers agree of waive all amounts owed them in exchange for equity in the new organization.(Wonder if that is the 29,383,194 shares or 3.3 % above?)
and then all you present KAIH stock holders your 4.7 % ownership interest (42,616,806 shares) will get look forward to another 200-1 reverse split.
H and H and present management and debtors make out well. Present shareholders once again take beating... as usual with Westlund...
So, they are doing a R/S of 200:1 and make the total shares after R/S to 4.5M???
May be I would wait...
"In addition, as part of the transaction, all current convertible note holders have agreed to restructure their debt into zero coupon fixed rate convertible preferred shares with a two year hold on any conversions."
Looks like a great deal, I love that part = dillution free for 2 years. (from outside debtors)
8K filed for the acquisition.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4643468
Took a while but well before lunch, in at .028. I like it!
I called the company. They said more PRs coming this week with more information.
in @ 2.7 should be a good eod run
"End of lunch" run due to start....lol. Anyone get filled under .03?
Lets bounce back up!
KAIH - H & H Glass Incorporated
7700 Irvine Center Dr
Irvine, CA 92618-2923
(949) 861-3560
Link to the SEC site....8k filed.
http://www.sec.gov/Archives/edgar/data/822997/000126606807000010/0001266068-07-000010-index.htm
KAIH - The terms of the acquisition includes a payment on approximately $8 million in common stock. In addition, as part of the transaction, all current convertible note holders have agreed to restructure their debt into zero coupon fixed rate convertible preferred shares with a two year hold on any conversions.
Class of Common Stock Outstanding at October 31, 2006
$.001 par value 42,616,806 shares
$8M / 42,616,806 = .19 pps ?????????????????????????
good.. this can go much higher from here.. low floater OTCBB with good revenues now!!
KAIH - great news out today, up HUGE on strong volume.. low floater and OTCBB stock (for a change).. let's discuss this one. Could be huge!
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Contact Info
International Packaging and Logistics Group, Inc.
7700 Irvine Center Drive
Suite 870
Irvine, CA 92608
Phone: 949-861-3560
Share Structure
Outstanding Shares: 4,504,214 as of Jul 31, 2008
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