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

To: TOPFUEL who wrote (3085)	1/7/1999 9:50:00 AM
From: Richard L. Williams	Read Replies (1) \| Respond to of 3693

Um, TopFuel? Reality check...Madera's land is IN the Amazonian jungle...do you think there are no trees there? The auditors gave Madera a value of $41 per acre...not a heck of a lot, when the timber on each acre might be worth fifty or one hundred times that. It was an arbitrary value, picked out of a hat, and from that, I feel that the book value is way conservative. Are you hinting that Madera owns vast tracts of wasteland, or something? I don't see how you are coming to that conclusion. Cheers! Rick