WOOD IS WORTH A DIME
Wow, Dave...a whole thin dime. Then in effect, you totally discount the auditors, Harlan & Boettger. Their _professional_ opinion that Madera's stock is worth a book value of 52¢ is utterly discounted by you, and you select your own, apparently arbitrary, value of a dime for no reason that I can discern.
Too, you operate on the premise that Madera has collected NOTHING of the $3 million USD it had on accounts receivable as of 3/31/98. I find that premise ludicrous to an extreme.
There can be no middle ground here, David...and your calling my reasonably arrived-at (IMHO) estimates "hype" is not taken kindly. I call your UNreasonably arrived-at estimates to be bashing, and your motives, I cannot discern--but I do not believe they are honest.
Good night, sir. I feel certain we will cross words again.
Rick
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