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Microcap & Penny Stocks : Madera International - Symbol WOOD
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To: ArtAlley who wrote (753)1/24/1999 6:39:00 PM
From: David T. Groves  Read Replies (2) of 1979
 
hey Art

They told us more deals and contracts were coming. Who would have ever thought that it wood be of this magnitude.

Assets/shares is book value. Cash is assets. Cash is King!!! Do you think that if they have $1 a share in cash, this stock will sell for less than $1 a share?

This is a text book case of the conservative principle of accounting. Many times companies have been broken up because their assets were worth taking the company over at a cheap share price and selling them off and still having a company left.

That is why there are anti-takeover systems in effect at every major company including this one.

When this company sells that first parcel, the land will be valuated at a REAL VALUE. It seems like this is going to be MUCH MORE THAN THE CONSERVATIVE EVALUATION. IN A CASE LIKE THIS THROW YOUR STUPID EARNINGS OUT THE DOOR, ASSETS ARE GOING TO MOVE THIS BIG TIME!!!!!! IT'S ONLY COMMON SENSE. IT'S LIKE THEY FOUND A LARGE GOLD DEPOSIT ON THE LAND, OIL, DIAMONDS!!! WE ARE JED CLAMPET AND WE ARE GOING TO BEVERLY (HILLS THAT IS)

This is a very small unknown company. You hear no hype because people are trying to get their money together to buy. MORE PEOPLE WILL BE FINDING OUT ABOUT IT. you can bet your bottom dollar on it.

IMHO

GOOD LUCK MONDAY
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