While there is no significant change in the stock price, it is a week of vivid trading activity for American International Industries Inc. (OTC:AMIN). A week, in which the daily trading volume increases day after day. Yet, the catalyst is not visible at first sight. 
Opens at $0.59, closes at $0.60 per share – this is the session yesterday. A session where 258k shares exchanged hands. And, as mentioned, there is no press release from the company. There is no promotional activity. Neither are there vivid discussion going on in major financial forums on the Internet. Nothing, but 258k shares. Tuesday and Monday were not really different, except for one fact – the 8-K filed on Tuesday. Yet, it was not much of inspiration. The 8-K in question includes the following:
“On May 19, 2011, the board of directors of American International Industries, Inc. (the “Company”) accepted the resignation of Steven M. Plumb as director of the Company. Mr. Plumb informed the Company that the reason for his resignation was to permit him to pursue new business opportunities. Mr. Plumb had no disagreements with the Company’s operations, policies or practices. “
Not much of a catalyst. In fact, June 1st was the last day in which a press release came out that should not go overlooked. According to it, American International Industries has obtained a renewal and extension of two lines of credit. The result of this announcement, however, was a decline in the stock price in the next few days.
On a related subject, the balance sheet of the company is a good source of information when an investment decision is made. The quarterly statement, covering a period with an end date March 31st this year, came out in May. Among other figures, it includes the following: [BANNER]
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$18 million in total current assets;
- $6.8 million in total current liabilities;
- $21 million in accumulated deficit;
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$4.2 million in revenues;
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$1.3 million in net loss;
So, on one hand, there is the good ratio of assets/liabilities, yet there is also the mounting deficit and net loss, both numbers not to go overlooked. In terms, it is yet to see whether AMIN and its subsidiaries would be able to transofrm some of the negative figures in the balance sheet into ones that inspire higher confidence in investors. This could be the basis for sustainable growth.
