Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: David T. Groves who wrote (1280)	2/22/1999 6:56:00 PM
From: Sequoia Holdings	Read Replies (3) of 1979

Ok Thanks David...that is where I thought you got your numbers. Now I ask you this. The Annual report says the producing properties held by the company amount to 707,000 acres. It does not say the land in Brazil is 707,000 acres. Madera owns/has rights to land in Peru and Boliva as well. It also says that the 707,000 acres are producing, but the PR to "clarify" the land sale says the company is not selling its timber producing land. So.... Q: How many acres are for sale in Brazil? (Not that it really matters since $96 million is $96 million, but we could better compare Madera's price vs. other land sales. It would just be nice to know how much land Madera controls and where it is, and how much of that is considered producing vs. non-producing.) Thanks, SH

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