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

To: Janice Shell who wrote (853)	1/25/1999 8:06:00 PM
From: Richard L. Williams	Read Replies (2) \| Respond to of 1979

Janice-- The business of the land is worth looking into? How so? The land was doing little for Madera anyway; they were getting most of their raw lumber from other sources anyway. Madera is not selling all its land...at most, 2/3rds, leaving them with 233,000+ acres, heckuva lot more than most people can lay claim to. I give Ray and Ramiro enough credit that they will not sell the best part of their lands, so what is left will be pretty prime rain forest. The $96,000,000 this sale would bring in will enable Madera to carry out all of its desired goals: Acquire equipment, hire personnel, prime the pump of their lumber industry, and expand the E-commerce site, if it requires it. Why heck, maybe even carry out a sizable share buyback! The ends seem to justify the means to me, although I wish they could do this without selling their lands. My example has been Pearl Buck's _The Good Earth_...the land involved there was fertile rice-growing fields, not wild, swampy rain forest. If Madera grows its business properly with the money it receives from the land sale, then buying property elsewhere should prove no problem. I endorse this idea wholeheartedly. Wherein lies the question? Cheers! Rick