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

To: David T. Groves who wrote (1680)	4/13/1999 4:12:00 PM
From: tonto	Read Replies (2) \| Respond to of 1979

Dave, investors new to this thread now understand that what is posted may not be the truth, or valid. We have the LAND SALE getting closer every day, which will greatly effect the fundamentals. Taking 20% off the asking price and deducting realtor's fees and Capital gains taxes, I expect the company to clear $60 million on the deal. Add $38 million that the remaining land in Brazil and Peru( 251,000 acres, 392 sq, miles, a square 19.8 miles on a side!) should be worth, and $10 million for the sawmill, inventory, and other assets and we see the company's assets at $ 108 million. $1.33 BOOK VALUE, $.74 OF IT CASH.