Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?

To: TOPFUEL who wrote (3356)	1/11/1999 10:52:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 3693

David-- Yes, the dilution did concern us greatly. We asked management a couple of times to stop using stock for currency, as long at the share price was so low. But they couldn't stop...you know why? Madera had no choice in the matter! It was either dilute the stock or go out of business. Madera survived, and the company is enjoying a turnaround. Why should their past be tossed in their face, if there was no dishonesty? How long must they pay for the early mis-steps? Earnings will be out soon...if the company is making a healthy profit, then there will be little or no need for more dilution. Would you agree with that basic tenet? And David, let me ask you: Have you ever started up a major business? Built it from the ground up, guided it through governmental red tape, arranged the financing to get it going, nursed it to good health? Ramiro Fernandez-Moris did that with Madera International. I think Ramiro did a fine job...and I doubt you would have done it any better. Cheers! Rick