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

To: John T. Hardee who wrote (3615)	3/2/1999 7:51:00 PM
From: David T. Groves	Read Replies (1) \| Respond to of 3693

Good looking report overall, the numbers are correct, and the few minor carry overs that are questionable are just slightly irritating. The link for the report is quote.com The company seems to be keeping profitable, which is nice until the land sale. Reminds me of VLSI. It went down to $6 a share and everyone on the thread said how ridiculous when the book value was $17. It struggled back to $10, then last week got it's buyout offer for $17. Obvious in hind sight, but sometimes plant and equipment and technology get obsolete and aren't worth anything anymore. That doesn't happen with land. It will be obvious. Go to the quote.com chart for WOOD and see what the ask and bid was up to after hours. quote.com I think we are on the way again. Dave

To: John T. Hardee who wrote (3615)	3/8/1999 12:43:00 PM
From: David T. Groves	Read Replies (1) \| Respond to of 3693

John, you out there? The rumor is $120 an acre from Louisiana Pacific as told on the yahoo Louisiana Pacific thread. (I think as a warning to shareholders) Could be BS, but could happen this quick!!! I always thought that this was a done deal and by the notes on land evaluation in the 10ksb, they were preparing the way in November. Wood That would change the numbers to $52 million cash, $.57 a share cash (using 90 million shares after paying RE broker and taxes) and an evaluation on the remaining Brazilian and Peruvian land and their other assets at $.44 a share. Grand total, $1.02 book value. LPX is a large fortune 500 company that could pull this off and just came out with this News Release: Monday March 1, 8:18 pm Eastern Time Louisiana-Pacific files debt shelf WASHINGTON, March 1 (Reuters) - Building products company Louisiana-Pacific Corp. filed Monday with the Securities and Exchange Commission a shelf registration to sell up to $500 million in debt securities. Net proceeds will be used for general corporate purposes, including repayment of debt, acquisitions , research and development, plant expansion and further investments in manufacturing technology. Louisiana-Pacific, based in Portland, Ore., is a major building and forest products firm, operating about 90 facilities in the United States, Canada and Ireland.