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

To: Richard L. Williams who wrote (2654)	1/3/1999 11:11:00 PM
From: TOPFUEL	Read Replies (3) \| Respond to of 3693

The purchase price of this acquisition is one million five hundred thousand dollars ($1,500,000). This amount has been paid with the exception of $423,750 that remains on the books as a liability until stock is issued converting the liability to equity. The Registrant's Board of Directors has deferred stock issuance until fiscal 1999. about 1.5 million shares as of last thursdays close plus remember that profit is for a Full year not 1 quarter For the fiscal year ended 3/31/98, revenues totalled $4.5 million, up from $1.9 million. Net income totalled $1.1 million vs. a loss of $118 thousand. plus in the fical year they added 11,338,650 shares to the outstanding count not much there but you can see Im not BSing I have more I can pull out but I have friends in this stock and will post no more plus in next few months do not be suprised to see more shares issued for pension plan either. 1 million dollars in profit does not get you far these days plus another thing I do not like they have 250 millions shares Authorized and these babies can pop up at anytime. David