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Replies to post #4230 on Amazonas Florestal Ltd (AZFL)
EmptyBones
09/01/14 12:51 PM
#4231 RE: ASK #4230
JohnnyBlaze
09/02/14 12:06 AM
#4248 RE: ASK #4230
AZFL clean balance sheet company. No debt. On July 30th the Company issued 10,000,000 shares of common stock to IBC Funds. This covers the companies obligation of payment to Mezzomo and Co, an important supplier of wood products in Brazil. This is a financial transaction titled a 3A10 that was approved in the companies favor to clean debt from its balance sheet. All lumbar stocks at least trade at 1.5 times book value. AZFL fair value should be at least 10 cents IMO. Anyone can do research on lumbar stocks and find AZFL as really underpriced stock.