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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII
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To: wonk who wrote (4786)10/12/1999 6:44:00 AM
From: ColleenB  Read Replies (1) of 4814
 
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.

Thanks wireless. I never looked at their amended filing, didn't even know they had one as I hadn't been following this one for some time, been busy elsewhere <g>. My head's just spinning thinking what more they might have added as it was a "mess" the first time around.

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.

This is good to hear. And....... the review by the SEC I've heard about, must be the Commission Staff which you speak are able to have one of these filings reviewed within 30-60 days currently, in this state of overburden, however, they were not as overloaded at the time EDII first filed. Guess I'll have to compare the two and see what EDII was so reluctant to produce the first time around.

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

A good suggestion.

p.s. Just imagine what a certain company's filing, whose ticker begins with "P", would have to look like.

You like to dream, don't you?
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