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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: Janice Shell who wrote (836)1/25/1999 7:37:00 PM
From: Richard L. Williams  Read Replies (1) of 1979
 
Janice--
Yes, it can be entertaining to bash stocks on occasion. I understand your motivation completely, as I lurk on the Zap thread on Yahoo! to once in a while take a jab at what I consider to be deceitful management.

But to pick out the 1994 reverse split and Chapter 11 of Madera is not a valid bash: The reverse split was made of Weaver Arms stock and the Chapter 11 was that of Weaver Arms, and not Madera. Weaver Arms was driven out of business by liability lawsuits (people used Weaver Arms to shoot people--must be the company's fault for making the rifles), so I don't see how you can blame Madera for either of those two events.

I would have thought that your powerful DD skills would have found that fact prior to bashing the company with it.

Cheers!
Rick
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