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

To: TOPFUEL who wrote (2657)	1/3/1999 11:28:00 PM
From: StockDung	Read Replies (3) \| Respond to of 3693

Thanks for the advise again. I see your a Machinist/Set UP LEADMAN in your profile. Maybe we can get some plumbers or bus drivers in here to tell us how much money we are losing. Oh the horror!! We need a carpenter, he could tell us all about WOOD. Thanks again for saving us. "Praise the Lord". floyd

To: TOPFUEL who wrote (2657)	1/3/1999 11:31:00 PM
From: John R Resseger	Respond to of 3693

David. Most people are not going to fret about 2 or 3% of the stock being issued to pay for past debts. I have read the 10k backwards and forwards. There are loans from officers that will be converted to more shares. This does not bother me. The company if we can belive the 10ks and the 10qs and the latest press releases, is a bargain. They are in a turn around situation. I don't care if we go to 100M shares. If they issue shares to buy land or a Lumber mill, fine. The point is. They do not need to issue shares to survive. They did in the past. Ramiro said they will do better this year then last. Ray said we have the customers we have the wood. We just need the financing. Whether they are full of it, I really have no way of knowing. I can only speculate. JRR

To: TOPFUEL who wrote (2657)	1/3/1999 11:34:00 PM
From: Richard L. Williams	Respond to of 3693

Good catch, TF. I had seen that, but not considered what it meant. But let's look at something else: Madera on the Nov. 16 10Q had $3m of accounts receivables. That's a fair chunk of change. The company was projecting steadily increasing revenues, and if that came to fruition, may elect to avoid diluting the stock by paying the $453,000 out of cash. But was that the ONLY paragraph of the 10Q that caught your attention? How about this line: "Based upon recent prices of comparable lumber as found on Registrant's property, initial price indicators conservatively estimated sales prices of $1.75 per board foot.....These estimates would generate sales of $10 million U.S. in the ... first full year of operation (that's this year), building to $40 million annually in four years." If you had this coming down the line, would you dilute? If you had $3 million coming in, WHY dilute? Ramiro has steadfastly refused to execute a reverse split, even at the urging of his largest shareholders! Are you trying to convince me that this gentleman is pulling tricks on his shareholders? I don't buy it. Sell your shares tomorrow...I, or somebody else, will gladly buy them from you. Cheers! Rick