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: jmt who wrote (1897)	7/31/1998 9:47:00 PM
From: Samgee	Read Replies (1) of 4814

<<<<In regard to the $3.7M in cash, what are the liabilities and interest expense payable for current debt? Also you have mentioned Intile. You are correct that the revenues were in excess of $18M for 1996 and $15M for 1997. The losses were not $400K, but $4 and $5M. Of these amounts only $1.5M was related to interest expense. So given the current structure the loss would still be $2.5M. If the argument is the current expense structure has changed, one could also assume revenues have continued to decline.>>>> JMT, I checked the $3.7M in cash that, according to you, may be liabilities against that cash. The EDII holding company is debt-free. The cash is to be used in future acquisitions. My impression is that InTile Designs is presently under contract only. The acquisition has not yet been finalized.

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