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Microcap & Penny Stocks : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (2628)1/3/1999 5:03:00 PM
From: StockDung  Read Replies (1) | Respond to of 3693
 
Probably going to buy back stock because they are actually making money now. In your detective work you did notice they were making money, didn't you? There is allot of things you can do with profits. I really don't care if they buy back one share because I want my share of the spin off when and if it happens. Did you see that in their filings also.

"Management however, is contemplating the possible spin-off of its wholly owned
subsidiary, Madera International Environmental, Inc as a dividend to its
shareholders, if this is approved it will be subsequently announced"

sec.gov

Pg. 6 III dividends sec. b



floyd



To: Ditchdigger who wrote (2628)1/3/1999 5:06:00 PM
From: StockDung  Read Replies (1) | Respond to of 3693
 
Also the issueing of private placements is nothing new. What internet company didn't start out with a private placement when they needed money. NAVR did a 20 million dollar private placement. Stock has done nothing but rocket since. All because of a spin off of Net Radio.

floyd


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