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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 (4348)	1/3/1999 10:17:00 PM
From: Samgee	Read Replies (1) \| Respond to of 4814

JMT, In 1997 you could have bought shares of EDII for 1, 2, or 3 cents per share but you did not. A group of investors saw an opportunity to acquire a company, of course the company today is not the same company. It has grown by leaps and bounds, and all you do is criticize. You obviously are a "shorter", who is so upset that the price of the shares are not going your way. You have been bashing the company and its management as if you have a personal vendetta, and in the process, you are hurting all the shareholders who you claim to be protecting. You have called each subsidiary that American International has acquired a "hoax" and a "scam". Now, you have graduated to making libelous remarks against American International, its auditors BDO Seidman, and their SEC attorneys Brewer and Pritchard by saying that everybody is on to defraud you. And you don't even have an investment in EDII (except as probably a shorter)? For your information, a 10-SB Filing must be "REVIEWED" by auditors, The review must follow very certain, strict procedures and guidelines as required by the SEC. Since the September 30, 1998 numbers are from 9 month's data (not an entire year's), the auditors issue a consolidated report by the Company's year end 12/31/98. Because you are convinced that the present management of American International is the same as it was before, you will continue to be proven wrong. I am sure you do not want to hear this, but it is my opinion that you should cover your short positions as you may end up losing your ass. And, if you don't, that's okay too. PS I will assume for now that your suggestion that BDO Seidman is receiving 1M shares for each page of the financials is a joke, and you know it.

To: jmt who wrote (4348)	1/4/1999 12:10:00 AM
From: Needticker	Read Replies (2) \| Respond to of 4814

jmt, I'll let LQQX answer for me because it isn't me you are having the trouble trying to get ahead of, and I have written nothing for you to try to disclaim or twist. I'm sure by now everyone knows what your agenda is. Subject: Re: From SI Date: 1/3/99 10:30 PM Eastern Standard Time From: LQQX Message-id: <19990103223027.11224.00007365@ng37.aol.com> jmt writes: << I do find LQQX missleading in his presentation. >> If we're going to discuss misleading information, let's discuss your false and misleading statement that Elk International sold shares into the runup: << 4) There are so many names we all recognize on many stock transactions. Elk international ( controlled by Dror's brother) had options for $2M shares at a price of 2 cents per share, which was exercised (and dumped during the hype) in June. >> I highly suggest you supply proof of this statement, or retract it. EDII is focusing on you. All they know at this point is that you are 31, non-college educated and "street smart". They have a list of your statements and are notifying the SEC tomorrow that they want to pursue this form of action. Daniel wanted me to relay, "You have the phone numbers if you want to get in touch with Dror to head this off." << If cash flows support the land, an apprasial would have been simple to acquire. >> That $600,000 worth of EDII shares were paid in trade for $120,000/year of guaranteed royalties should be proof enough that this was a good deal. The valuation was done on a 24%-33% per year return. In two years, the transaction will have returned almost half of the investment, or $240,000. An independent appraisal could have been done, but the board did not find it necessary, and voted unanimously in favor. Of course, they didn't ask jmt, a non-shareholder if it was OK. Whoops! << Who told danny an IOU would be OK in a transaction where the CEO borrows from the company till? >> The board granted leeway to Daniel charging personal expenses, provided it was properly recorded. They knew it would be squared later with the accountants. That it was recorded at all as personal expenses is a good sign. He did not have the intention to hide it. Those expenses, like all expenses, will be handled on a quarterly basis now. If that's OK with jmt. << The comments concerning the SEC approval of the filing, then the rebuttal that the SEC does audits in fraud cases cleverly avoided the implication made that the SEC OK'd the filing. >> That issue was addressed before with Dana, but I'll repost the answer just for jmt. Everyone else, please disregard. If the SEC has a problem with what's being submitted, or the auditors have a question for the SEC, the SEC will inform the company or the auditors of proper protocol. The example that was given is the teleconference with the SEC, BDO, John and Daniel concerning the shares issued for past acquisitions. The SEC was satisfied that the way the company wanted to record the transaction was legitimate, so the SEC approved it. We could use the words OKd, supported, cleared or 20 other synonyms. Try not to get too anal about terminology.... or go ahead if that's your thing. LQQX