Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: ArtAlley who wrote (594)	1/20/1999 9:29:00 AM
From: Richard L. Williams	Read Replies (1) of 1979

Art-- The "no sales" you refer to is traditional in the rainy season, ie., 2nd Quarter. While in previous years Madera might have gotten a ship loaded when the monsoon season ended, this year the rain shifted to a bit later in the year due to el nino, and nothing was sold. I do not blame the company for the weather. I do wonder why it issued 6.5m shares, and I do wonder why it issued confusing numbers. But $147,000 cash is a fair amount, and the 3rd Qtr numbers will be here soon. I have little worry that things are still in turnaround mode. Been here three years, I am not pulling the plug now! Rick

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