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


To: Ruskin who wrote (4497)1/12/1999 5:06:00 PM
From: ColleenB  Read Replies (1) | Respond to of 4814
 
It is a NASDAQ listing in sheep's clothing.

Please explain to me how EDII acquiring less than 10% of a company leads EDII to a NASDAQ listing???

If they were going to acquire/merge into HERZ, I wouldn't think that they would do this in 10% increments. Please explain to me what I am missing.



To: Ruskin who wrote (4497)1/13/1999 8:12:00 AM
From: jmt  Respond to of 4814
 
Have you ever heard of a profitable company utilizing a tax loss carryforward?

The problem here is twofold;

1) EDII pays a premium up front for those tax loss carryfowards, as they are an asset to a profitable company.

2) Tax loss carryforwards can only be used by a company with a profit, and purchasing companies with large losses is contrary to this financial strategy.

LOL

jmt