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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 (2609)	9/5/1998 12:20:00 PM
From: jmt	Read Replies (1) \| Respond to of 4814

I believe they're restricted only in the sense that they're 144 shares. Janice: It is my understanding that "restricted shares" have a specific time period (normally years) before they can be sold, and in many cases have not been registered. Shares provided to constructive insiders are not restricted if they can be sold. It is true that the SEC requires a 144 filing prior to sale within specific "windows", Those windows usually correlate with the release of financial information. This is not the case here. I still believe use of the term "restricted" is misleading as used by StyleWriter. The shares can be sold at any time with or without a 144 filing without restriction, however filing is the prudent thing to do. And IMO I still expect Gorts shares will be sold. jmt