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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII
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To: Needticker who wrote (4357)1/4/1999 8:47:00 AM
From: jmt   of 4814
 
<< 4) There are so many names we all recognize on many stock transactions. Elk international ( controlled by Dror's brother) had options for $2M shares at a price of 2 cents per share, which was exercised (and dumped during the hype) in June. >>

I highly suggest you supply proof of this statement

Well how about reading the 10SB. Item 7. It reads

"In September 1997, Elk International Corporation Ltd which is controlled by Dror's Brother, was issued an option to purchase 2,000,000 shares of common stock at a purchase price of $0.02 per share, which was exercised in June 1998."

Were those shares dumped on the market? Who knows? What do you think? Look at the volume and price actions during this period and draw your own conclusions.

jmt
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