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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (929)7/15/1998 6:58:00 AM
From: PRATT9999  Read Replies (3) | Respond to of 4814
 
They didn't say it was worth 2.40 they said book value was 2.40. Also I have worked with alot of companies acquiring others and it does happen at below book value at times. Usually if cash flow is short. EDII may have acquired assets worth and / or booked for 2.40 and can relay synergies to improve cash flow. No matter what this is more GREAT news, no matter how you look at it.