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Microcap & Penny Stocks : Madera Int. (WOOD)

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To: Buster who wrote (1783)7/17/1998 4:24:00 PM
From: Richard L. Williams  Read Replies (1) of 3693
 
Buster--
Am I concerned about all the shares that out--yes, of course I am. It's far too much for a small company like this, and we all know it.

Is a reverse split contemplated? Last I heard, John T. suggested it to the CEO, who rejected it heartily. So far as I know, they have not had a change of heart.

The company will succeed in spite of the number of shares out. They have cash now to pay their bills, and perhaps we'll see a stock buyback program in the future.

Cheers!
Rick
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