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Microcap & Penny Stocks : EDII -- Ignore unavailable to you. Want to Upgrade?

To: Ken M. who wrote (914)	6/9/1998 6:19:00 AM
From: jmt	Read Replies (2) \| Respond to of 2849

Ken, I have the financials in front of me.. 1997 Energy Drilling Industries Inc. Operating Loss From Subsidiaries ($222) Holding Company Expenses ($450) Amortization of non-compete agreement ($100) Shares provided for consulting ($ 70) Corporate Overhead ($ 28) ------- 1997 Reported Loss ($870) Year end financials show $571K in debt. George told me on the phone they currently had no debt. I don't think he was including Intele. There has not been any Insider Trading violations here. Common shareholders are entitled to financial results. It is George;s responsibilty to make them available to the public. I am sure if you called he would fax you copy. The Net Worth was $4.8M. Not the net income. They have not done any pro-forma projections as to Net Income for 1998. They just said with the acquisitions $50M in revenue and profitable.