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

To: Needticker who wrote (1923)	6/25/1998 5:58:00 PM
From: ColleenB	Respond to of 2849

WOW!!! Glad I came up for some air out of the EDII trenches long enough to see this great post....way to go....glad this guy's on our side! Did you notice that this guy says there will be 2 press releases next week....starting Monday......well I did....:-))))))

To: Needticker who wrote (1923)	6/25/1998 6:19:00 PM
From: Shaun	Respond to of 2849

****Whoa! Read that post! Great info! Shaun

To: Needticker who wrote (1923)	6/25/1998 6:22:00 PM
From: jhild	Read Replies (2) \| Respond to of 2849

Interesting post Jim Lee. But I see from the Nevada state records that EDII is owned and operated by John Christensen. Interesting that the DD that you copied shows that Daniel Dror took it over Sept 27, 1997. The company was formed Sept 27, 1994. How would you account for the fact that the name got changed, but now 9 months later the list of controlling officers doesn't show that update? Name: ENERGY DRILLING INDUSTRIES, INC. Type: Corporation File Number: 15064-1994 State: NEVADA Incorporated On: September 27, 1994 Status: Current list of officers on file Corp Type: Regular This corporation is in good standing. Resident Agent: MAX C TANNER (Accepted) Address: 2950 EAST FLAMINGO ROAD SUITE G LAS VEGAS NV 89121 President: JOHN CHRISTENSEN Address: 4221 WHITTMAN HOUSTON TX 77027 Secretary: W ARTHUR LINDSAY Address: 1201 MC DUFFIE # 120 HOUSTON TX 77019 Treasurer: JOHN CHRISTENSEN Address: 4221 WHITTMAN HOUSTON TX 77027

To: Needticker who wrote (1923)	6/25/1998 6:24:00 PM
From: Katz R Us	Read Replies (1) \| Respond to of 2849

Jim, That was verrrrry interesting! Thanks a lot. I hope that person is correct. I meant to buy some more shares this morning and got too busy to call broker--next thing I knew the market was closed. Maybe tomorrow. Barbara

To: Needticker who wrote (1923)	6/25/1998 9:25:00 PM
From: SLOJET	Respond to of 2849

Jim: Thank you for the information and the history. I will be looking forward to next weeks information. I will look for dips tomorrow to pick up more shares. SLOJET

To: Needticker who wrote (1923)	6/26/1998 8:48:00 AM
From: jmt	Read Replies (2) \| Respond to of 2849

Jim. Lots of info in that post.. Also raised some additional questions. When was it posted on AOL? Some of the info is dated. Each CEO has a responsibility to sell his company. Each investor must seperate the wheat from the chaf. My thoughts follow. - Total shares outstanding are 46 million. We know this is now over 70M after recent acquisitions - Heavy volume is caused by MM's shorting between 3 to 4 million shares. Speculation or fact???? - The share price will rese materially with two press releases that will be issued next week. The stock is currently very undervalued. No one can be positive if and when a share price will rise. We have had these predictions before, and the share price actually dropped on the news. These kind of statements strike me as irresponsible. - There are many companies that can be acquired for debt restructurings and Dror focuses on those companies. They become healthy after the resturcturing and some management and financial assistance. This is an interesting statement. If debt is poorly structured, and Dror can convince creditors he had a viable financial plan that minimizes their risk, interest costs could be lowered. If the company had entered into very bad (restrictive) credit agreements, Dror could also assist with his other financial resources (other credit lines), as it seems he has done with Intele. But a note of caution, debt restructuring can also be done by issueing more shares to repay debt. - No one on the EDII team is an oil and gas person. You better do some DD about the company. It is not an oil and gas company. The land purchased which has oil and gas on it was purchased as a real estate play, not for the mineral rights. Honest explaination. Hope Dror has a good RE agent. - EDII currently has controlled growth and positive EPS. All assets in acquired companies are audited by BDO Seidman LLP and are definately understated on the Consoladated Balance Sheet. Land acquired 20 years ago is still on the books at original cost. Most companies assets are understated. Land natuarally appreciates, and land values cannot be depreciated per U.S. accounting standards. Also, accelerated depreciation lowers the value of assets faster than their economic value. Therefore, while this is likely a true statement, it is not uncommon. - Each additional acquisition enhances shareholder value on a per share basis. The worth in this company will be in its continuing growth in EPS which will raise share holder values into the $5 range by the end of the year. This is a key pronouncement. I would be more comfortable with it if some financial information would be provided in support of the statement. Again the enhancement of shareholder value is a subjective projection of how future earnings will grow. This is the time to look closely at Dror's history. If he has done it before, he can likely do it again. But again I am drawn to the prediction of a stock price. No one can predict a future stock price, and the price projection is not supported by it's cousin, an earnings projection. We will all know many of these answers over the following weeks. Hoping the cause and effect are positive. jmt