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

To: ColleenB who wrote (2229)	8/7/1998 2:44:00 PM
From: Cliff Daniel	Read Replies (1) \| Respond to of 4814

EDII has previously announced a formal change of its corporate name to American International Industries Inc. Effective July 31, 1998, EDII stock certificates will be replaced by new certificates at the appropriate time. Okay, maybe your reading skills soar above mine but your comprehension seem to be lacking. Replacing stock certificates have nothing to do with short covering. If in fact the CUSIP does change then, yes, shorts should be covered. Other than that it is wallpaper. So, Colleen, do you hold your certs? Cliff

To: ColleenB who wrote (2229)	8/7/1998 3:46:00 PM
From: Lucky Charm	Respond to of 4814

An 8/3/98 visit with Danny Dror from the AOL board: Subject: Due diligence report, meeting with Dror Date: Fri, Aug 7, 1998 12:46 EDT From: RobertXS Message-id: To the group: On August 3, I spent the better part of the day with Danny Dror, Chairman of EDII. I also spent about 1 hour with the senior partner of BDO Seidman who is responsible for auditing EDII's books. I toured the Pitts & Spitts and Har-Whit manufacturing facilities as well as visited the Intile headquarters. Additionally, I inspected several properties EDII owns in the Houston area. All of this a further part of my due diligence. My impressions: in one word, fantastic. Here are some notes from my visit. I will gladly expand on any of these sections if anyone is interested. 1) All EDII acquisitions have been incredible values. Many of the EDII properties are on the books for much less than their true market values. Additionally, several acquisitions, such as the purchase of the MidTowne Properties company, were done on extremely favorable terms for EDII. In the case of MidTowne, which has a networth of $2.5 million, EDII acquired it for 1,100,000 million shares, or at the equivalent valuation of $2.40 a share. Why would someone sell their business like that? I was told they wanted to be part of the EDII family and believed their shares would be worth far more than $2.40 in the future. 2) All EDII divisions are money makers with excellent potential. The Pitts and Spitts plant is operating at full capacity with a seventh-month backlog of orders. The plant is a modern facility and worker morale was extremely high. EDII will inject further working capital into the business for expansion of existing facilities and purchase of new machinery. The President of Pitts & Spitts, Mr. Wayne Whitworth, told me that the new expansion should triple current production. He also said, and told me I could quote him, that Danny Dror was the best thing that ever happened to his company. At Intile, the Vice President of Marketing explained that their tile business -- which is doing well now -- should increase dramatically in the near future. He explained that many of Intile's tiles are coming from Asia, where the economic crisis there has created a bonanza in bargains, which coupled with a strong dollar, have dramatically reduced costs of goods sold. EDII has signed a letter of intent to acquire Cinema Research Corporation and Electronics Pictures California (EPC). Cinema Research, based in Hollywood, is the second largest film titles company in the world, and is now branching out into HDTV (high definition television) production, the new standard adopted by the FCC. EPC specializes in the conversion of 35mm film to HDTV. CRC and EPC will merge into EDII's media and entertainment division. The FCC has directed all broadcasters to be on the HDTV standard by the year 2006. Guess who is at the forefront of converting all standard films from the current format to the one required by the FCC? Would anyone like to guess the potential? 3) Danny Dror Dror struck me as an incredibly hard-working, brilliant businesman. He has been acquiring companies and properties that can fairly be described as gems. His vision is to take each of them public and spin-off 10% of each new public company to existing EDII shareholders. Danny is in for the long run and I believe can have this company at $2-$3 a share or more within the next year. He specifically told me he will not do a reverse split of the stock. He observed that in reverse splits, the share price often goes down to what it was before the split, and that he is not the least bit interested in that happening. That's a quick wrap-up of my visit. I would be glad to answer any questions posed by the group. My personal opinion is that in 15 years of investing in the stock market I have seen few companies with the potential of EDII that are so undervalued.