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

To: Sequoia Holdings who wrote (1281)	2/22/1999 7:59:00 PM
From: STKMN99	Respond to of 1979

BOUGHT 10,000 MORE TODAY,LOOKS LIKE PENNIES ARE HOT RIGHT NOW ,IF THIS COMPANY WOULD FINISH THIS SITE,WOOD CAN JUMP ON THE BAND WAGON. Until then i sit and wait........stkmn99

To: Sequoia Holdings who wrote (1281)	2/22/1999 8:33:00 PM
From: David T. Groves	Respond to of 1979

From the FULL annual report, I get that they own 707,000 acres, in brazil. They own 30,000 hecacres (~75,000 acres) in Peru that they owe a payment of ~$424,000 . The other land in Bolivia and Peru are long term concessions. From the filing (bolds are my doing): In July 1994, Registrant entered into an agreement with Ramiro Fernandez-Moris and his family to acquire assets held by them in the family owned corporation Forest and Environmental Resources of the Amazon, Inc. ("FEROA"). These assets consist of 478,000 acres of freely owned timber producing property in Brazil In May, 1997, Registrant purchase an additional 251,000 acres of primetimberland close to its freely owned property in Brazil. This additional acreage is destined for environmental programs that are being established by Registrant. These programs will be conducted in a wholly owned subsidiary, Madera International Environmental, Inc. BUSINESS Registrant specializes in the harvesting and exportation of timber products from South America to buyers throughout the world. Registrant owns approximately 707,000 acres of prime timber property in the State of Amazonas, Brazil. (out of sequence) 2 On March 30, 1995, Registrant entered into a Timber Concession Purchase Agreement with Mandarin Overseas Investment Co., Ltd. ("Mandarin") for the acquisition of a twenty three and one half percent (23.5%) interest in a mahogany rich concession in Peru. The Registrant had certain disputes with Mandarin. In the resolution of those disputes, the Registrant acquired an additional sixty percent (60%) interest, bringing the Registrant's total interest to 83.5%. Then subsequently, due to the potential of this property, Registrant acquired an additional 14.5% bringing its total ownership to 98%. The concession encompasses 30,000 hectares and has approximately 400 million board feet of marketable hardwood in reserve. The concession is for ten (10) years with a renewable option for an additional ten (10) years, and a further option to turn the concession into free ownership for a minimal cost. The extraction rights are approximately 270,000 cubic meters annually. The purchase price of this acquisition is one million five hundred thousand dollars ($1,500,000). This amount has been paid with the exception of $423,750 that remains on the books as a liability until stock is issued converting the liability to equity. Dave

To: Sequoia Holdings who wrote (1281)	2/22/1999 8:51:00 PM
From: David T. Groves	Read Replies (2) \| Respond to of 1979

Here are two posts that that are relative to this subject of land and land price. I really didn't include the Peruvian land into my figures because it isn't really on the books as being owned yet. So add another $10 million to book value. If you haven't paid attention to John T. Hardee's posts, I would suggest that you go back and look at them. He has a great feel for this company. www3.techstocks.com Message 7655786 And last, but not least is my opinion on earnings, as they will grow in the next two years. this came about because a member of this thread doesn't believe the share price will raise from $.13 if the company has $.74 in cash. He thinks only earnings moves a stock. www3.techstocks.com Note that I use $.02 for my figures for this year. The next two quarters will tell. What ever they report this third quarter, they should be able to meet or beat in the fourth, which is their historically best quarter. Perhaps my figures will double, or triple!!