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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: tonto who wrote (1569)3/30/1999 9:37:00 AM
From: David T. Groves  Read Replies (2) of 1979
 
Thank gosh we know why Madera changed them then.

As anyone that has been following Madera knows, The last quarterly report was late because of the airline strike and their accountant's getting stuck in California. Of course, if they were not waiting til the last minute, it wouldn't have happened either.

The last annual report was months late partially due to verification of the land holdings.

I am sure that this was a move to correct those much complained about events, not to cook the books!

Although Portugese is the official language of Brazil, it is not of Peru, where they also do business. Furthermore, in past posts John Hardee has told us of how business is carried on in a mixture of Spanish, Portuguese and English.

Dave
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