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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII
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To: Jim K. who wrote (4304)1/2/1999 8:45:00 AM
From: jmt  Read Replies (3) of 4814
 
Jim:

I am not on AOL. But I would very much like to hear the "explainations" myself. Can you post anything stated about the related party transactions? Or all the shares issued to insiders? Or the preferred shares ready to be issued? Or the land deal without an appraisal?

The wonderful thing about SEC filings is they must be objective. They do not allow for the misinterpretations we have heard here from Kevin1, Mitchell Vince, Ruskin, bobby and others.

Wasn't Richard Altomore good at explainations also? And who is this unnamed LQQX? The same person that said the numbers would be great? Recall there are many more shares on options to be converted and those coming off restrictions that will hit the market, depress the price and increase the float. And there are many more shares authorized and ready to be issued to more insiders. Someone (maybe now on AOL) has to keep up the hype to support the selling. I would welcome LQQX on SI to discuss the filing in detail.

I do not believe EDII is a total scam. I believe it is a strategically managed business with the primary objective of growing insider wealth at the expense of shareholders.

Jim, your loyalty is commendable. IMO you could find many other companies and people more deserving of you loyalty.

And while we may hear something different from the same written words, there have been posters hear with no angle or profit motive, armed with just integrity and facts dug from hours of research. My hat is off to those individuals who recognized many months ago much of what is unfolding today.

jmt
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