Madera Int. (WOOD) Message Board

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Microcap & Penny Stocks : Madera Int. (WOOD)

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To: TOPFUEL who wrote (3038)	1/6/1999 7:13:00 AM
From: Richard L. Williams	Read Replies (2) of 3693

Good morning, Dave-- Most of your questions' answers are in the 10KSB. 1) I don't know what the Class E stock issue is for any more. I had heard it ws to ensure family ownership of the company in the event of a takeover attempt. 2) Nearly everything was paid for in stock up until last year. The company was cash-poor, and had to survive. I believe that has ended. 3) The company states in the 10K that in order to maximize its holdings, it will need to make a substantial investment in equipment. 4) Madera's operation in S.A. is run by contract labor...Madera has no employees, thus no labor unions or pension plans to deal with. 5) Website construction can be expensive, but even a very expensive site ($50k or so?) is well within their means at this time. 6) The company has stated to other investors via telephone that they are ready and eager to service the website users. How they produce/obtain the products the website's goods is unknown to me. You are doing good DD, TopFuel...perhaps you could call the company on your unanswered questions and see if there is an answer to be had. Most information, though, is to be found in the 10K of November 6th. Cheers! Rick

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