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

To: TOPFUEL who wrote (3618)	3/3/1999 7:40:00 AM
From: David T. Groves	Read Replies (1) \| Respond to of 3693

Yes, I did David, It is unfortunate, but you must remember that this was before the run up in the stock and the decision to sell a small fraction of their land. Once they get that $60,000,000 they can buy it all back. The numbers are correct this time, and there are only a few stray statements that should have been left out from previous reports. LOOKS GOOD On that note, 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. 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