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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?

To: John R Resseger who wrote (641)	1/21/1999 1:50:00 PM
From: John T. Hardee	Respond to of 1979

Information about the current 10QSB went to him 2 days ago, we were told he was working on it and also working on other problems. Yesterday we were assured Ray was looking into the matter.

To: John R Resseger who wrote (641)	1/21/1999 4:36:00 PM
From: John T. Hardee	Respond to of 1979

John , if China goes through a money devaluation tomorrow, this will give madera a stronger hand working with the Brazil Gov in U.S. dollars. China own several licenses to harvest wood on Gov reservations located in the rainforest. Brazil will not want devalued money from China to pay Brazil for products while Brazil's money is going through a devaluation process. THis could cause a increase in the price of harvested timber to China and a bargaining position for Madera using U.S. Dollars to buy harvested timber. China uses China money over there because they want Brazil to import there material. I do not know who is now running Madera in Brazil, but I would suggest Madera gets someone over there to control the Madera interest with the BRAZIL Gov.