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

To: Spider Valdez who wrote (1566)	3/30/1999 1:43:00 AM
From: Janice Shell	Read Replies (2) \| Respond to of 1979

".....Madera pays it Brazil labor by converting U.S. dollar into Brazil money. ....." where & how does it do this? in a "corresponding bank in brazil"? Are you actually saying that you can't go to Brazil and change dollars for escudos? That the Brazilian government, especially in this moment, wouldn't WANT hard currency? Are you even dumber than I ever imagined?

To: Spider Valdez who wrote (1566)	3/30/1999 10:12:00 AM
From: John T. Hardee	Read Replies (1) \| Respond to of 1979

Spider, For over 12 years importing and exporting was part of my business and all my business was done using this method of banking. Its a safety net used to protect your money and ensure delivery of money. Brazil is paid in U.S. dollars and when Brazil imports from any country they pay in a stable currency U.S. dollar. Banking is very competative and if you don't know how it works you will fail in the import export business. If you want to pay for my experience in this field, let me know. I do consultant work in this area for Audrey Howard. You are only a phone call away from Madera, call them and ask where the money is and how they pay the bills. In Brazil, you must think a ship pulls up along the river bank and get loaded. This is all done using ship yards where ships are loaded at the dock. All timber which gets to the ship yard is accounted for. Most of Madera ships port in Port Everglade here in the U.S.A. There is a permanent record made by the port authority as to what was on the ship and how many tons was removed for each importer. A copy of the ships manifest on file there also. co.broward.fl.us There are huge amounts of timber cut in the hinterland which lays in fields unable to be moved for many reasons. (burn it, can't move it, termite infested, flood season, legal problems etc) If it becomes infested with termites or anything else, it can not pass export inspection. Brazil has a huge timber waste in the field. Madera is one of the few companies which have very good recovery of its timber because of the saw mills. If you do not have this 1, 2 ,3, operation Like Madera a lot of timber can be wasted. Are these stats put out by suframa, was it published in 1999 or 1998 or 1997 or 1996 information. Check the date of publication of your information, Its is 1997 or later. The World Bank would love to know Brazil is only able to control 20% of its export of timber and that a Brazil public agency was unable to control its free trade zone.

To: Spider Valdez who wrote (1566)	3/30/1999 11:37:00 AM
From: Henry Volquardsen	Read Replies (3) \| Respond to of 1979

"U.S. corresponding bank located in Brazil" probably refers to a Brazilian domiciled bank with a correspondent relationship with a US bank. Pretty standard stuff. This would allow the Brazilian bank to help clients with US dollar needs. The dollar account would be located in the US not in Brazil. Technically you are correct that you cannot have a US dollar account in Brazil but that is irrelevant. The Brazilian company would simply open an account in the US and keep the dollars there, no fuss no muss. Any US bank in Brazil would set up the account in the US and many Brazilian banks have branches in the US. Those that don't would simply use a correspondent. When they want to remit the dollars to pay local expenses any bank can handle this. There is no requirement to wire funds to the Banco do Brasil In LA. And while Brazilians can't technically hold dollars in Brazil they can get dollar linked investments such as LTNs. Technically these assets will be in reals but they will earn any change in the dollar/real index plus an interest rate. The interest rates will be higher than US interest rates as it reflects Brazilian sovereign risk. So any Brazilian exporter receiving dollars will have plenty of options for holding dollars and very little difficulty in remitting dollars to cover local real expenses. Any company in this position has benefitted greatly from the real devaluation. There is no need for a black market.