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

To: mahnaz mirfatahi who wrote (898)	1/26/1999 5:13:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 1979

Hello, mahnaz! From Madera 10KSB: >>In May 1995, Registrant acquired an interest in approximately 30,000 hectares of prime timber producing property in Peru. This land is rich in mahogany, and will begin supplying revenues in late 1997.<< A hectare is 2.471 acres, so the Peruvian concession is around 74,130 acres in size. Note, though, that Madera does not own this land...it merely has a timber concession for ten years, with an option to renew for another ten years. Cheers! Rick