American International Industries Inc. OTC BB Symbol EDII Message Board

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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII

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To: ColleenB who wrote (4784)	10/11/1999 11:22:00 PM
From: wonk	Read Replies (4) of 4814

Colleen: If you go here: sec.gov you will see all the filings of EDII. The original 10sb filing was made on 12/30/98. You will also note an amended 10SB filed on 8/13/99 Up to this point in time, in order to continue trading EDII had never been obligated to report. It appears they have been doing so voluntarily. The amended 10SB indicates to me that EDII and the Commission Staff have been in negotiations throughout 1999 as to the adequacy of the disclosure in the original filing. Even though the Dec. filing was pretty good, it wasn't good enough. Just skimming the amended filing shows a lot more explanation regarding the shares issuances and pricings over the past years. Unless they've changed the rules <g>, a registration is not deemed effective until it has passed all Commission comments. The Commission Staff appears to be doing their job well...however they must be frightfully overburdened. As an aside, I would suggest you review these two filings to get a clear understanding of the level of detail that is expected in a registration statement. I've now seen quite a few OTC-BBs facing delisting which have filed 10SBs which are so woefully deficient as to be laughable. ww p.s. Just imagine what a certain company's filing, whose ticker begins with "P", would have to look like. LOL!

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