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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?

To: Scoobah who wrote (1355)	3/13/1999 2:55:00 PM
From: David T. Groves	Read Replies (1) \| Respond to of 1979

I never felt that I have to start out by spoon feeding people on line. I only do that if they prove their ignorance. For now, I will take you as a real, paid shill for Madera that might have their ear. I will not consider that you are here to shill the other stock that you have been paid to do, although I see you couldn't resist the chance to mix business with business. Good for you. If you can't take care of yourself, you sure can't take care of us. Sounds like a fun excersise anyway. Here's what I think about this stock: The only deep concern that I have is that every quarter they are diluting my investment by handing out shares to 'consultants.' Do they really think they have to do that? They sold 24 million shares in one day 12 weeks ago. The eyes of the investment world were on them and to a certain degree still are. Come through with the land sale and they are on their way. My minor concerns are AS FOLLOWS: They continue to be late with everything they do. They have 45 days after the end of a quarter to get a report out. They have 90 days to get their annual report out after the end of the fiscal year. ARE THEY SO STUPID THAT THEY THINK THEY HAVE TO TAKE ALL THIS TIME AND DO IT AT THE LAST MINUTE? They have been late on their last 4 reports. DON'T THEY KNOW THIS IS THE NUMBER ONE REASON TO KEEP AWAY FROM A STOCK? Get it out EARLY. All the high flyers do. People still question things about this stock, even if it is in black and white in their filings. COULD THAT BE BECAUSE THEY HAVE SO MANY F_____G MISTAKES IN THOSE FILINGS? 2nd quarter they didn't have they right numbers for the year before. Instead of saying 'first nine months of the fiscal year' in the nine month column of third quarter earnings they say 'fiscal year' They leave in statements from previous reports that are outdated. I can find 2-10 mistakes in one reading, are you telling me that they even look at these reports, much less understand there importance? I know that by law they didn't even have to do these reports for the last three years, but they will have to by law in May of 2000. They have to be right!!! The things I like about this stock: The present management seems to be sincere. They HAVE been filing reports for the last three years. They have ideas on what they want to do. They have the means with the land sale to reach their goals. They are not doing a bad job, they just need a little polish on the real basics that investor's look for - not the hype - just the basics, and this company's share price can blossom of it's own rights. They mentioned a share holders meeting, They seem like people that I wood like to meet. We don't have to wait til this stock flies to do it, I hope. Dave