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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 (3678)	11/27/1998 9:10:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 4814

OT...some more interesting reading.... (COMTEX) Noncompliant brokerages may be asked to close Noncompliant brokerages may be asked to close TOKYO, Nov. 27 (Kyodo) -- The government plans to urge securities houses to shut down if they fail to comply with an industry rule requiring them to clearly separate accounts for their customers and those for their own trading, a government source said Friday. The rule will be introduced in April as a way to protect customers' assets in the event of a failure of a securities house. The source said that of around 230 Japanese securities houses, some 50-60 firms, mainly small local brokerages, would likely face some liquidity problems if separate-account management is introduced. Of these problematic houses, around 30 firms would not likely be able to solve funding shortages on their own and they would be forced to close down or merge with others, the source said. Many local brokerages with small capital bases often use trading funds entrusted by clients for their day-to-day working funds, and the government has so far overlooked the situation. But as the measure is introduced, brokerages will have to split clients' cash from proprietary assets and entrust the cash with trust banks. Firms using customers' assets for their working capital will be required to raise funds on their own to cover expected shortages when separate-account management is adopted. But given commercial banks' reticence to lend and their weak financial standing, many small securities firms will likely face significant difficulty in securing funds. The government has been making special pitches to the Federation of Bankers Associations of Japan and other relevant industry groups to provide liquidity to small firms. Under the current Finance Ministry ordinance, vague provisions exist as to the management of accounts for clients and proprietary assets. It requires these firms to possess clients' assets ''in a form that is safe and liquid by separating from other assets.'' If a brokerage goes under, clients' cash is subject to creditors' asset seizure. But when the separate-account system is introduced, they will be protected and will not be subject to seizure. Failure to separate accounts will also result in some penalties, prison. -0- * end of story *

To: jmt who wrote (3678)	11/27/1998 9:15:00 AM
From: Auricman	Read Replies (1) \| Respond to of 4814

jmt, I expected the response received from you. I really don't care what you say because its always the same. 1) Concerning the delay from Nov. 23th, if you take the time to check my previous post you would know I'm not happy about it and let the company now in no uncertain terms how they disappointed all on the street and gave all the nays all the ammunition you needed. 2) EDII is aware of the damage to share holder confidence. At least my confidence. 3)Concerning the fair value of compensation. In most cased restricted stock was used for payment. The accountants that have picked up finishing what was started were not handling the account and cannot blindly sign without verification. 4) Did I say anything about someone not signing????? 5) Lastly, I'm not presently excuses, only what the COMPANY told me during a call to the company. WHY don't you try this sometime instead of your endless personal opinions and negative spin on others who took the time and spent the dime to make the call. jmt, I'm not here to argue with you, so have a nice day.