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

To: PRATT9999 who wrote (974)	7/15/1998 7:21:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 4814

Yes it is GREAT news....and we're supposed to be getting more and more over the next several weeks!!! Momentum is in EDII's favor and the stock will not stay depressed....IMHO

To: PRATT9999 who wrote (974)	7/15/1998 8:22:00 AM
From: Janice Shell	Read Replies (2) \| Respond to of 4814

They didn't say it was worth 2.40 they said book value was 2.40. No, they didn't. They said: 1. "MPI has a net book value of $2,500,000." 2. That EDII issued 1.1 million restricted new shares, and that the "EDII shares exchanged were based on a value of $2.40 per share". Why was a "value" of $2.40 assigned to these shares, when in fact they're worth what they'd fetch on the open market, which currently is 45 cents? And why did MPI accept this deal? THOSE are the questions to be answered.

To: PRATT9999 who wrote (974)	7/15/1998 10:33:00 AM
From: jmt	Read Replies (1) \| Respond to of 4814

>>>>They didn't say it was worth 2.40 they said book value was 2.40.<<< Your post states that this is great news. In fact this cannot be determined without looking at the balance sheet. And this of course is the crux of the problem with EDII and the hypesters on this thread. Unsupported statements. "book value" is not the same as "market value". and market value translates into the true economic value of a company. And part of the net book value are assets. Tangible assets are more likely to have economic value than intangible assets. So positive net book value could primarily consist of goodwill and other non-tangable assets. How can this be great news if we cannot determine the market value of the assets as compared to the price paid? jmt