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Microcap & Penny Stocks : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?


To: David T. Groves who wrote (3083)1/7/1999 8:51:00 AM
From: David T. Groves  Respond to of 3693
 
As an aside to my previous post please, see this post from the other thread. www3.techstocks.com All the long timers are over there on that thread, and they have an abundance of knowledge that is amazing on this stock. It's a shame that the rush of idiots split this thread apart. I would suggest to any one seriously in search of knowledgable answers to go to the other thread.

Dave



To: David T. Groves who wrote (3083)1/7/1999 9:44:00 AM
From: TOPFUEL  Read Replies (2) | Respond to of 3693
 
WHY DOES ADUIT NOT SHOW THIS do not give me coservative number figer either something is wrong or theres termites in this WOOD if this company had that potential it would have not been trading for pennies the past few years . Did anybody see pictures of this land or are you just going by what the company said over the phone..



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