AMIN, why buying here is .15 on the dollar

FD. Assume nothing, trust no one, verify everything, do your own DD, believe NOTHING but your own research.




We are not promo guys, we are investors and own both HMDI and AMIN, we have been shareholders in AMIN since 1998! We have been shareholders in HMDI from 2002!



We are NOT paid to promo anything! We truly honestly believe that everything we have written is accurate to the best of our knowledge. We have NO INSIDE INFO whatsoever, everything we have said is from public info that is out there for all.



Investments are risky, if you cant afford risk, don't invest!





Caution: AMIN is thinly traded, it is MORE an investment than a trade, a great long term hold.....For huge reward. OTOH, HMDI traded almost no shares for months until Friday, so don't let the thin volume dissuade you!





(In short, you can buy AMIN for half value of its holdings in HMDI and get the rest of its valuable assets for FREE)



Well, our idea on HMDI worked extraordinarily well, did it not?



As many of you know, I have been pounding the table on it for more than a month, when the news became public, Friday before the open, I alerted you, and KABOOM!



Congrats to you all!, DONT BUY NOW, We will have a better opportunity!



I would like to give you a new idea, many of you will recognize it and say, that the idea isn't new, as I have mentioned it repeatedly for weeks. BUT, it is new in light of what HMDI has done!



AMIN, American International Industries. Current price around $1.2, market cap around $10 million. Insiders own almost 50%.



Why buy now?



Simple, AMIN owns 51% of Delta Drilling which is going into HMDI, after the deal is done, AMIN will in effect own more than 54% of Delta Drilling!



At current prices, HMDI has a market cap of almost three times AMIN, clearly, AMIN is worth at least $2 -$2.5 in HMDI value alone!!!!!!!!!!!!!!!!!!!! Yet it sells for only $1.2.



Therefore, you can buy AMIN for half the value it has in HMDI, (and I expect over time, HMDI will do even better), PLUS, YOU ARE GETTING $30-35 million in real estate value for FREE!!!!!!!!!



But as the infomercial say, WAIT, THERE'S MORE!!!!!!!!!!!!!!!



As I have written before, AMIN is asset rich, real estate rich,



We wrote this on our blog 2 weeks ago, that was BEFORE the HMDI news!

An investment idea, AMIN

For almost 2 decades, my partner and I have been managing money, and doing very well.



One of the philosophies we have followed is buy extreme value, short extreme overvalue, our clients have prospered with that approach.



Currently, we are accumulating a small, very small NASD company that is in the extreme value category, AMIN. American International Industries.



Why extreme value? At the current price of $1.2, market cap of about $10 million, we believe it is undervalued by one quarter, maybe more. We see value of a minimum $5-7, maybe more.



Why? Not because of the actual operating businesses they have, though they are fairly decent. Rather because of the impressive real estate holdings they have, and have put on sale. In short, the real estate holding are worth $3-4 per share. I know, that some say, Real Estate!? Its worth nothing! Incorrect, read this report and see how valuable their holding are http://www.simmonsco-intl.com/files/Galveston%20Bay%20Foundation.pdf



Matthew Simmons and maybe I got my wires crossed, but damn near maybe that Dickinson Bayou property is worth more than $25 million. Simmons put together a piece on Galveston Bay that is damn good and talks about the value a Galveston Bay and compares it to three of the "world's Vital Water Bodies". It puts Galveston Bay in the same prominence as The Persian Gulf, Lake Pontchartrain, and Lake Maracaibo. It talks bout Kemah (AMIN's headquarters) as a spot for alternative energy company location (sea-based windmills and such) and on page 4 shows the location a Dickinson Bayou south a Kemah and near the Houston Ship Channel.



AMIN owns a piece of land on the waterfront in Kemah, that they have on the books for $250K, its fully paid for, no mortgage! Its for sale for $24 million, almost $2.5 per share! They also have 3 other valuable properties for sale.



When will it be sold? I don't know. Will it be sold? Yes, eventually! That is why its extreme value and frustrating at the same time. If and when the land is sold, how many times per cash should AMIN trade at? Even if its only 2 times cash, that means at least $7!

AMIN, continued.........

In addition to the 287 acres, valued at maybe $24 million (almost $3 per share), AMIN has other properties valued at around $15-18 million, almost $2 per share



As they have tax loss carry forwards, almost all the profits will be tax free.