Very few things are TOTALLY waterproof.

I remember seeing a web page a while back where they tested the drying rate for various end coatings. The wax-emulsion (Anchorseal etc.) stuff performed about the best with approx 10% of the normal water loss through it.

The trade-off is that you do need to dry the wood at some point, and waiting 10 years isn't really practical.

I think your totally coated pieces will dry... eventually.....

Cheers

Ian