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

To: Auricman who wrote (3825)	12/6/1998 10:34:00 AM
From: jmt	Read Replies (2) \| Respond to of 4814

If these people are going to have credibility they must be willing to address these issues assuming that the news is what we all hope for. You see the problem here Ernie is you don't have a clue. You actually suggest one should first invest with no real clue to what the company is doing. You also imply it is the investor and not the company that needs to be credible first. Keep up the insightful commentary. If its not good news from the company, then we all should sell and take whats left of our investment and go elsewhere. And admit the company never had crediility and you never had a clue? You then further suggest simply the release of data confirming the companies PR should be the event that adds credibility. Like such vague statements as "profitable" without knowing how profitable. Don't you understand the work begins upon release of the financials? Is the profitability due to one time gains which will not be repeated nor sustainable? Are operating revenues growing or shrinking? Same question in operating margins. Is the cash flow adequate to meet operating requirements and finance growth. Or is the company cash poor with no tangible assets on which to collateralize debt (meaning issuance of additional shares). And we could go on and on. What you have totally failed to recognize is the analysis begins upon release of the financials. Lets wait until that happens to explore the attractions of this investment. jmt

To: Auricman who wrote (3825)	12/6/1998 1:25:00 PM
From: jhild	Read Replies (1) \| Respond to of 4814

Well you see Ernie, the problem with EDII isn't likely in the top line numbers. It's underneath the numbers. Its the insider transactions, it the accounting principles used to arrive at these numbers, value their acquisitions and account for them. The valuations on the properties, the disclosure on the alleged royalties, it's even the disclosure of the businesses they are set to acquire, it's the detailed, or not, discussion of their operating plans. In short it's all in the details. Surely if the numbers announced on Oct 30 are repudiated by the audit that will be even double serious. But short of them being out and out crooks and just plain fabricating everything, I think those numbers will likely be substantially on target. I expect that the remnants of the trail of ownership though will be an interesting study in self enrichment.