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

To: John T. Hardee who wrote (1316)	3/3/1999 3:35:00 AM
From: David T. Groves	Respond to of 1979

This stock actually was $.15 when negative earnings came out last quarter and was at $.22 in 5 days. With positive earnings and the knowledge of the land sale, we should see some movement. Last year they earned $.012 for the year. $.008 of that came in the last quarter. They continue to predict a better year, this year. How can that be? Well, just because they ship wood doesn't mean they get paid for it when they ship it. As of right now their accounts receivables are the biggest I've seen them. Twice as big as they were last year at the end of the quarter. Not hard to predict a good 4th quarter. From the report: 1998 1997 Receivables (Note B) 2,243,956 1,127,626 B. Accounts Receivable: Accounts receivable represent amounts due for sales of timber. Management has determined that the entire amount as of December 31, 1998 is fully collectible. We are looking great for the fourth quarter already!!!! Dave

To: John T. Hardee who wrote (1316)	3/3/1999 7:31:00 AM
From: David T. Groves	Read Replies (1) \| Respond to of 1979

You know, I might be getting a little senile in my old age, and I'd appreciate it if someone would correct me if I'm wrong, but.... Reading note E in the report about the land Madera owns. Looking at the part about the Nicaraguan land. (For the first time in a long time because they aren't allowed to log it and I just considered it a deal gone bad.) I have realized with my new found interest in 'how big it really is', that Madera owns 1,000,000 acres in Nicaragua. This is ANOTHER area larger than Rhode Island. What they are selling is getting to be a smaller fraction all the time. This over Doubles the land area that this company OWNS, and because of the inability to log it (at this time, we know how Latin American Governments vaccilate - a new regime, a few bucks in the right palm ) they wrote it off in 1995. THEY DO NOT GIVE IT ANY VALUE ON THEIR BOOKS. <b/> It may not be worth anything now, but we all realize the potential of a piece of land, 1600 sq miles, a square 40 miles to a side. Comments? I think I'm getting excited again, Go Wood Dave

To: John T. Hardee who wrote (1316)	3/8/1999 12:39:00 PM
From: David T. Groves	Read Replies (1) \| Respond to of 1979

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. 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.