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 (1655)	4/13/1999 9:45:00 AM
From: tonto	Read Replies (2) of 1979

Dave, what type of companies would be potential buyers of this property? Why would they buy it? How will they generate $$$ to justify such a huge investment? It appears you have done extensive research on this to be able to come up with your numbers and would appreciate knowing more. Thanks. We have the LAND SALE getting closer every day, which will greatly effect the fundamentals. Taking 20% off the asking price and deducting realtor's fees and Capital gains taxes, I expect the company to clear $60 million on the deal. Add $38 million that the remaining land in Brazil and Peru( 251,000 acres, 392 sq, miles, a square 19.8 miles on a side!) should be worth, and $10 million for the sawmill, inventory, and other assets and we see the company's assets at $ 108 million. $1.33 BOOK VALUE, $.74 OF IT CASH.

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