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

To: EL KABONG!!! who wrote (930)	7/14/1998 6:43:00 PM
From: xbrent	Read Replies (1) \| Respond to of 4814

Most companies and most people report any transaction in the most favorable light. Most of us suggest that we got a great buy if we are a buyer and if we are a seller we got more than it was worth. Thats why I try to sort thru and say does it appear as if this transaction is good for the corporation and might it fit in their strategic plan. I can't verify values. When any company buys any company NYSE or otherwise nobody knows if the deal was good until a year or two after the acquisition.

To: EL KABONG!!! who wrote (930)	7/14/1998 6:44:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 4814

And let us not forget the "related parties" stuff: In December 1997 the Company purchased Brenham Oil and Gas ("Brenham") for 6,000,000 shares of restricted common stock. Brenham owned a royalty interest in a gas well Also tn December 1997, the Company purchased Texas Real Estate Enterprises, Inc ("TRE") and G.C.A. Incorporated ("GCA") for a total, combined consideration of 16,000,000 shares of restricted common stock. TRE and GCA jointly owned a 290 acre parcel of real estate on Galveston Bay, Texas. Brenham] TRE, and GCA were acquired from related parties and the purchase price was bawd upon fair market values as determined by independent appraisals. Since the purchase of these companies occurred near December 31, 1997, no income or expense is recorded in the accompanying financial statements for the year ended December 31, 1997 relating to these acquisitions. The gas well had production in 1997 that resulted fit approximately $80,000 of revenue to Brenham. And also this: 4. Land Held for Sale Land held for sale includes 290 acres of land acquired by EDII through the purchase transaction discussed in Note 1. It is management's intent to sell fee property in light of favorable market conditions. The property is currently being marketed by real estate brokers at a selling price which substantially exceeds the $1,800,000 carrying value of the land. Land held for sale also includes a parcel of real estate located in Houston, Texs adjacent to Har-Whit facilities. The investment is recorded at its historical cost basis of $183,700, which does not exceed its appraised fair market value.

To: EL KABONG!!! who wrote (930)	7/14/1998 7:14:00 PM
From: Style Writer	Respond to of 4814

KJC, The lands in Texas are materially undervalued on the books. I have seen ten of the eleven properties. Two properties are very close to being sold and will produce EPS for EDII shareholders this quarter. The company will issue another Press Release on Thursday morning and one each week thereafter until the end of September. The share price of EDII is very undervalued and you will find out how much on August 30, if you hang around that long. Lots of good things in the works. Hold long, people or be very, very sorry.