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

To: TOPFUEL who wrote (3321)	1/11/1999 10:04:00 AM
From: David T. Groves	Read Replies (1) \| Respond to of 3693

Sorry to hear about your Grandfather, David I truly want your opinion on the PE (price/earnings) evaluation on this company. Here again is the question. Answer if you like or don't. From what I can see,I know that earlier on you said that this stock is worth $.10. After doing your extensive research and seeing that Revenues increased 100% , number of shares increased , this company does report to the SEC, It has earnings AND a nice book value, It seems ready to expand their core business, and develop new, non traditional outlets. It is relatively unknown, but recently has gotten more attention in the investment community. After looking at all of this, do you think it should be selling at a PE of 1, 10, 20, 30, 40, or 50 ? ( the average S&P sells for ~ 30) Or is this stock just a scam, their reports to the SEC, not worth the disk space they take up, and the land they hold just wasteland, according to your D&D. Give me an honest opinion Topfuel. I guess we all would like to know.

To: TOPFUEL who wrote (3321)	1/11/1999 10:53:00 AM
From: Richard L. Williams	Read Replies (4) \| Respond to of 3693

David-- Yes, shares outstanding increased...but let me ask you something, David...does your job pay you a decent living? Do you have enough to eat, and can you make the mortgage? Madera's CEO, Ramiro Fernandez-Moris, until this year, received little or NO pay for his work with Madera. He built this company from the dead husk of Weaver Arms and his family's lands, and took it through legal problems and a nest of scam artists to FINALLY get it to where it is today. And his pay this whole time: Almost Zero. Nothing, Nada. So if the company gave the CEO some three cent shares, (which they were forever, as I recall) for compensation, I DON'T MIND! And I doubt you'll find many other people who have been with this company longer than three weeks that mind, either. Update on the Website: Madera says that pages with pictures of the items for sale will be viewable today around noon. Orders will be able to be taken sometime in the next week or two. Cheers! Rick