To: jmt who wrote (4424 ) 1/6/1999 10:29:00 PM From: Needticker Read Replies (1) | Respond to of 4814
jmt Subject: EDGAR'S OMITTED Date: 1/6/99 8:37 AM Pacific Standard Time From: LQQX Message-id: <19990106113727.05849.00008734@ng-fr1.aol.com> EDGAR'S carries the abbreviated financials, and therefore omitted the customary opinion of BDO on EDII's 1997 fully audited financials. Here is that omitted letter: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ \BDO BDO Seidman, LLP 1200 South Street Suite 3060 Accountants and Consultants (713) 659-6551 Fax (713) 659-3238 REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS To the Shareholders and Board of Directors American International Industries, Inc. Kemah, Texas We have audited the consolidated balance sheet of American International Industries, Inc. as of December 31, 1997, and the related consolidated statements of loss, stockholders equity and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principals used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material aspects, the consolidated financial position of American International Industries, Inc., at December 31, 1997, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted accounting principals. Signature BDO Seidman, LLP Houston, Texas April 22, 1998 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ .33 UP .03 ON 119,800 TRADED Nice. Very nice. I have a quote from Daniel: "Have you covered your shorts, jmt? Can I convert you from being a basher of a penny stock company to a supporter of EDII? Give me (Dror) a call. Also, anyone wanting to sell their shares back to EDII should call: (281) 334-4764."