Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: James Randall Ingram who wrote (1950)	3/12/2000 11:36:00 AM
From: John T. Hardee	Read Replies (1) of 1979

Madera, always has a surprise for its investors. What could be worse, stop trading WOOD shares or someone ran off with the company. How many front doors does this company have??. The Registrant continues to accumulate inventory in Brazil and Peru. The inventory now exceeds $4 Million. Shipments have been slowed as a result of the SEC investigation that has had an impact on the customer base of registrant. It is anticipated that regular shipments will not commence until this investigation has been concluded and the customer base is again comfortable in dealing with Madera. As a result of the slow down in shipments, the inventory continues to grow. It is anticipated that accumulated inventory will be turned into profitable sales during subsequent periods. All administrative expenses are being held to a minimum and will continue in that manner with the exception of consulting fees, which have grown but are now stabilized. The shipments, however, continue to be dependent upon financing which the Registrant continues to find difficult due to the foreign nature of the inventory.

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