I tend to get excited Janice, sorry. I know that you, as our resident
thread member Topfuel believe in what you two do.
I really wood like to see some honest Due Diligence, and assesments,
not just cheap shots. I know that you want everyone to do their
research, but The people that have been on this thread for the last
two years have done alot. This has been an ongoing process, not
just something we pulled out of thin air in the last three weeks.
1.)They do have 700,000+ acres of land. Do you dispute this?
a) they have this land evaluated at $40 an acre in there filings.
1.) This, according to references on web, that we could find is
a valuation that is low ball for Rain Forest Land.
2.) At $40 an acre, this land is worth $28 million.
b) They have 2 saw mills that run at capacity. Do you dispute this?
1.) These and other property are valued at ~$5 million.
2.) They have an inventory of lumber, waiting for shipment.
c) According to the SEC filings were profitable this & last year
If you have any information that is different than this, please
share it with us Janice. Otherwise we have a stock that has a VERY
CONSERVATIVE book value of $.37+, selling for half that. WHERE IS THE
RISK? Are you still too afraid from the time you got burned, to see
any good in any stock?
Dave |
