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

To: Don Ohland who wrote (2575)	7/6/1998 12:12:00 PM
From: Ken M.	Read Replies (2) \| Respond to of 2849

Every Business owned by EDII is real, with the majority of them having been in business for over 20 years. EDII is a holding co., which has diversified into five different industry's, and are presently aquiring companys that fit into their industry's. Cinema Research has developed a consumer monopoly with their addition of HDTV tech. Intile Designs is one of the largest importer and exporter of tiles, and plans are in the works to make Intile not one of, but the largest in their fields. Pitts and Spitts, another Consumer monopoly co., with being #1 in their area of business. What Daniel Dror is doing, reminds me a lot of what another holding co. has done in the past that proved very profitable to that company, that company is called Berkshire Hathaway, which is run by a guy named Warren Buffett. Before janice gets all worked up, I am not saying that EDII is on the same level as Berkshire Hathaway, I am saying the investment strategy is almost identical, and it worked for Mr. Buffett, I say it will work for Mr. Dror. I will later post all the similarities between the two, and let everyone else make up their mind, but I will say that EDII has more in common with Berkshire than it does with the companys janice was posting about ...Kem M P.S. if anyone out there has access to any of Buffett's books, i suggest u read it, and see how his philosophy seems to be at work at EDII

To: Don Ohland who wrote (2575)	7/6/1998 3:05:00 PM
From: Janice Shell	Respond to of 2849

Janice, I guess their really is a Pitt's & Spitt's... Sure there is. See this article from November 1996: amcity.com In which we learn that Pitts & Spitts and Har-Whit are closely related companies: The firm was founded by four brothers in the early 1970s as Har-Whit Inc., a metal fabrication company serving the city's booming oil and gas industry. When the price of oil went south, the brothers diversified into barbecue pits. And guess who this is? A group of investors led by the president of Summary Corp. earlier this year bought an interest in the local manufacturer and retailer, and last week Pitts & Spitts completed a reverse merger into a public shell. Well, I'm sure we all know by now that the president of Summary Corp was John Christensen (#reply-4839760). Further explication from the Notes to EDII's financial statement, found at its website: In September l996, a previous group of investors (unrelated to the l997 Group) purchased 90% of the outstanding shares of a dormant, public company (A Black Tie Affair, Incorporated (BTA)). BTA was a Nevada corporation which had maintained its public status with the Securities and Exchange Commission as a Small Business Filer This investor group elected a new board of directors and changed the name of BTA to Pitt's & Spitt's of Texas, Inc. ("PST'). And then, a year later: In September 1997 an investor group ("1997 (Group") acquired control of Pitts & Spitts of Texas, Inc. and changed the name to Energy Drilling Industries Inc. (the "Company" or"EDU"). This new group subsequently elected a new board and appointed current management. One would like to know more. This is really interesting.