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

To: Pdolphin who wrote (3456)	1/13/1999 11:50:00 PM
From: Lance	Read Replies (1) \| Respond to of 3693

O.K. Flipper... I passed on a post I got from the daughter of Ramiro...she is with the company. She stated that the release was ready last week but had to be revised when Ramiro found an inaccuracy. When she told me that the report had been released to the wires it takes 48 hours from that time until it is posted..."her comments". Since it had left her hands, the info was not inside information. After a call made to her today, she expects it to be tomorrow....but of course it is out of her hands. As for dd...if you don't like what you hear...why don't you pick up a phone and find out about these things yourself. Sincerely, Lance

To: Pdolphin who wrote (3456)	1/14/1999 5:48:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 3693

PD: The good thing about WOOD is that this is a fully reporting company. If WOOD issues stock, or dliutes in some manner, we get to read about it. After the fact, natch, but it is there on paper, in back and white, and that makes me feel a little better. I feel that the dilution that Madera undertook of its stock was a) Regrettable b) Excessive due to the ridiculously low price of the stock, but c) UTTERLY necessary to ensure the survival of the company. I amend that...some of the payments in stock were to stock promoters who sold their stock and did nothing for it. That dilution was utterly useless. If in the documents coing out, we see that Madera is STILL diluting the stock after the advent of profitable operations, I will have to sigh and say you are right. But until then, I give the company the benefit of the doubt. We may have an answer to the stock dilution question today, PD...I know the website got a major facelift overnight. Cheers! Rick