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

To: findstock who wrote (1893)	7/31/1998 9:42:00 AM
From: Style Writer	Read Replies (1) \| Respond to of 4814

Jmt, I agree that EDII has 70 million shares outstanding after the Acqueron acquisition, but the float is only 11 million. After the 10% dividend the float goes to 12.1 million, but there is no dilution to shareholders from the dividend. I know that the company has $3.7 million in cash in the bank this morning. Just talked to Danny Dror and he told me so. Call him and he will tell you too. Intile is a publicly traded company (IDES). The last published financial statement showed $17 million in revenues, not zero. The huge debt you speak of has been negotiated away with the acquisition of 88% of Intile Designs by EDII. Bank debt of $4.8 million was settled for $2 million. Not one EDII share given up. No dilution for the shareholders of EDII, only enhanced shareholder value. Intile's former loss of $400,000 per year disappears instantly with the elimination of the bank debt that resulted previously in $600,000 in interest and bank charges. Does that explain how the business is turned upside down, not in a quarter, but instantly? In addition, Intile has NO, I repeat NO debt now. Intile is in a position to become the largest importer of tiles, coping and pavers in the US. And it will be that within 60-90 days. And Intile will be very profitable under George Siller's management (gsiller@intile.com or 713 468-8400). Ask all the questions of management you want. They are very responsive. Mitchell - I disagree with you,. Everything I find out about EDII is grand. We are all going to get rich.