Madera Int. (WOOD) Message Board

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Microcap & Penny Stocks : Madera Int. (WOOD)

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To: David T. Groves who wrote (3083)	1/7/1999 12:29:00 PM
From: TOPFUEL	Read Replies (1) of 3693

I think You yourself have said that wood prices were depressed. Why wouldn't they take advantage of this and get cheap wood to sell, while conserving their resources? This is a business after all!! By doing so they turned a nice profit last year. please remember there statement was up to March 31,1998 Timber prices have came down since then I asked about the inventory they said they had left. In its first full year of harvesting operation, which has commenced, Madera is exercising full environmental controls in its operations. As a result, limited harvesting has actually occurred, instead registrant is actively purchasing timber from other producers and preserving its reserves. Thus, previously distributed harvesting projections will not come into play until the existing supply from other producers becomes diminished. The timber will be sold throughout the world to wholesalers and end users. Thus, previously distributed harvesting projections will not come into play until the existing supply from other producers becomes diminished<i/> I hope this answers your question did they still have a supply as of March 31,1998 if so there profit margins may be less now for this comings 10k is all I said . David

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