SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Jens Tingleff who wrote (2904)12/11/1997 3:07:00 PM
From: Mr. Jens Tingleff  Respond to of 4594
 
Looking at the spread in theese few trades shows
that the market is somewhat nervous

Price Volume Time

0.022 40,000 Thu Dec 11 1997 02:38:50 PM

0.0175 43,000 Thu Dec 11 1997 02:22:00 PM

0.019 50,000 Thu Dec 11 1997 02:21:50 PM

0.019 50,000 Thu Dec 11 1997 02:21:30 PM

0.019 15,000 Thu Dec 11 1997 01:27:10 PM

0.02 5,000 Thu Dec 11 1997 12:40:40 PM

0.021 50,000 Thu Dec 11 1997 12:24:40 PM



To: Mr. Jens Tingleff who wrote (2904)12/11/1997 3:09:00 PM
From: Pagan  Read Replies (2) | Respond to of 4594
 
****OFF TOPIC***** (WOOD) Just as an example on How Management should run their business using NEWS WIRES.

Thursday December 11, 2:22 pm Eastern Time

Company Press Release

Madera International Inc. Announces Recent Decline in the Price of
Company Stocks has no Bearing in the Present or Future Operations of
the Company

CORAL GABLES, Fla.--(BUSINESS WIRE)--Dec. 11, 1997--Madera International Inc. (NASDAQ BB:WOOD - news)
announced that the recent decline in the price of the company stocks has no bearing in the present or future operations of the
company.

Madera's fiscal year closes on each March 31. In the second quarter of the present fiscal year that closed on Sept. 30, the
company posted a revenue of $1,183,639 with a net profit of $451,651, nearly one cent per share. This result makes the
company profitable, placing the bottom line in the black, in the middle of the fiscal year for the first time in the company's
history, eliminating any and all previous losses.

Madera is a full reporting and full disclosure NASDAQ Bulletin Board company that has always consistently provided filings
and disclosures on time, in compliance with the rules of the Securities Exchange Commission.

Madera's management feel very strongly that they will have a profitable fiscal year 1997-1998. The company's CEO, Ramiro
Fernandez-Moris, stated that he fails to comprehend the reasoning behind the company's recent unsatisfactory market
behavior. On Dec. 10, the company traded only 87,000 shares and lost 10% of the closing price. While back on Oct. 7 of
1997, the company traded 422,900 shares with a bid of 0.09 and asking price of 0.10. Since Oct. 27 to date Madera has lost
50% of its market value, without any explicable or obvious reason whatsoever known. Madera has been substantially healthier
each quarter and it continues financially sound, consistently incrementing its production volumes, revenues and profits.

Except for historical matters contained herein, statements made in this press release are forward-looking and are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Contact:

Madera International Inc., Coral Gables
Ramiro Fernandez-Moris, 305/774-9411