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

To: Janice Shell who wrote (2549)	8/31/1998 5:12:00 PM
From: jmt	Respond to of 4814

Slight Misinterpretation. Gennerally speaking, today was a long squeeze. jmt

To: Janice Shell who wrote (2549)	9/1/1998 9:27:00 AM
From: jmt	Read Replies (1) \| Respond to of 4814

Janice: There was some interesting price action on friday. The stock was bid up .03, 10%, rather than bid down. It did settle back a bit this week, and if you were willing to take the risk of other market influences you would have gained a penny between bid and ask on monday assuming the 10% dividend was issued, and probably given that back in commissions. when the dividend's paid, the stock must drop by the proportionate amount, which is to say 10%, and it hasn't done so at any time today. Even in an efficient market this is not always apparent, and given the inefficiency of small caps and news driven price moves, this in itself is not a reason to conclude the 10% dividend did not happen. Those who are long in EDII should be able to confirm the dividend through their broker. jmt