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Message boards are intended for constructive feedback to the area owner. New messages are visible only to the poster and to the message board owner, which in many cases is sufficient. Sometimes the message board owner may wish to release some posts in order to generate more discussion and feedback, but if that does not happen, that does not mean that you are being ignored.
So that the message summaries are most helpful, they are written last, after you have composed the actual message body you would be summarizing. These summaries are shown as subject headings in the message board listing. The message body is actually optional; a very short message could be put completely in the summary if it fits, and the body left empty.
Formatting is only available to those whose expertise level level is "powerful" or greater. (If you lower your expertise level, formatting in your past posts will remain in force.)
Posts may be edited. Editing a post gives it a new "last edited on" timestamp, and un-releases it. Thus, newly edited posts are again hidden from the public.
Posts may be deleted by the poster and by the owner of the message board (and by their minions).