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: Gone Bonkers who wrote (977)	7/15/1998 11:01:00 AM
From: ColleenB	Read Replies (1) of 4814

Been off taking care of a few personal things....upon reentering into the world of EDII....I found quite a comical exchange going on last night....a dispute about the reported value of the land in Houston...which is reported to be undervalued because it still reflects it's market value 20 years ago......and some are arguing that it might not be worth as much today.....LOL.. poppycock... anybody with a brain could figure out the answer to this one but evidently not. If any of you really believe that property in Houston is less valuable than it was 20 years ago...you should take a trip there. And if you don't want to spend the money on air fare, look through the archives and observe any aerial photograph of the area and look at the growth. Houston is HUGE!!!...much more so than 20 years ago. The ONLY way that the property, remember we're talking property and not a structure which might have lost some value due to age and repairs, could have become devalued is through some catastrophic event like say...the area was hit by a meteor, I haven't read about this one in the news and would assume that it wouldn't have been overlooked , another way would be if the property suffered a hazardous toxic spill including nuclear waste, again nothing to support this and the EPA would be all over the place, and they are not. Now, lets count back 20 years...that puts the purchase around 1980, right about the time the petroleum industry was hit hard. Jobs were lost forever and take overs were rampant amongst companies. Along with this is the fall in property value....if these business men were savvy enough to foresee the future and purchase this property at these deflated prices then.....WOW...the area has recovered nicely and Houston has diversified and is no longer dependant on the petroleum as it's main source of income. Houston is a thriving metropolitian and anybody who says otherwise should consult their family doctor. So how in the heck can anyone argue that the property may not have increased in value is ..............barking up the wrong tree.

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