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: EL KABONG!!! who wrote (302)	7/11/1998 1:52:00 PM
From: Janice Shell	Read Replies (1) of 4814

When an insider files a 144, they are merely stating an intention to sell, not necessarily an obligation to sell. Is this statement correct? Yes, they're not obliged to sell. Normally, however, they do so very shortly after they file the 144. When they actually DO sell they have to file a Form 4. In any case that's what's required if they're a reporting company; I don't know what the protocol is for non-reporting BBs.

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