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

To: jmt who wrote (988)	7/15/1998 12:03:00 PM
From: ColleenB	Respond to of 4814

are you sure it's swampland??????? :o)

To: jmt who wrote (988)	7/15/1998 12:06:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 4814

Speaking of Daniel, here are two things that happened to MicroTel during his tenure as Chairman and CEO: On August 15, 1996, the shareholders of the Company ratified a one for five reverse stock split effective for holders of record on August 29, 1996. The sales prices below have been restated to give effect to the reverse split. Year Ended Year Ended December 31, 1996 December 31, 1995 Quarter High Low High Low ------- --------------------------- ------------------------ 1st $9.375 $5.3125 $4.375 $3.125 2nd 8.750 4.6875 6.25 3.75 3rd 5.625 3.125 7.50 5.3125 4th 3.25 1.0625 6.5625 4.0625 ------------------------------------------- On April 14, 1997, the Company sold $5.0 million of investment units consisting of one share of Common Stock and one-quarter of a warrant to purchase one share of Common Stock. The number of investment units sold was 2,000,000 and the Company realized net proceeds of $4,400,000 from the sale. No underwriter was used. The securities were sold to non-U.S. investors who were primarily European institutional investors. The investment units were sold pursuant to Rule 903 of Regulation S and qualified for such exemption based upon the following: (i) the investment unit purchasers were represented to the Company in the Subscription Agreements that they were non-U.S. Persons; (ii) the Company is a Reporting Issuer (as defined in Rule 902(l) of Regulation S); (iii) the Company has not made any Directed Selling Efforts (as defined in Rule 902(b) of Regulations S); (iv) the Company has implemented Offering restrictions (as defined in Rule 902(h) of Regulation S); (v) the Company has not made any offer of sale to any U.S. person or the account or benefit of any U.S. person; (vi) the offer and sale of the investment units were made in Offshore Transactions (as defined in Rule 902(i) of Regulation S). www4.edgar-online.com