AMAZONAS FLORESTAL (OTCMKTS:AZFL) continues to trade massive volume and move up. AZFL is the new sub rock star in town that started moving several weeks ago and shows no signs of letting up. A break over $0.0023 and AZFL is wide open from here.
All the excitement on AZFL surrounds the 114,990 acres of virgin Rain Forest, located in the state of Amazonas in Brazil that AZFL has title to. According to the 10Q the Company filed on November 8: AFL, the subsidiary of AZFL owns Title for a property denominated Fazenda Jatuarana and 5 other smaller properties. These properties contain some 46,555 hectares or 114,990 acres of rainforest land located in the State of Amazonas in Brazil. Along with these properties, AFL also holds title for two fully approved forest management projects and their associated permits and licenses in preparation for expansion into Timber Production. Through these licenses AFL is authorized to harvest approximately 14,000 cubic meters of timber.”
According to the 10Q AZFL filed on November 6 the Company has $46,000 in the treasury and they are carrying the 114,990 acres at $34.7 million on their books.
The Company said they are in the process of full filling its second order from a U.K. based railroad supply company, for US $2.64 MM dollars in Railroad Ties or “Sleepers”. The first partial order was shipped on December 7th, 2013. The company shipped 10 40’ containers of railroad ties to the UK as a partial shipment on an order for 200 40’ containers of this product valid until the end of the 2015.
AMAZONAS FLORESTAL (OTCMKTS:AZFL) is focused on becoming a leader in sustainable forest management, creating revenue while protecting the biodiversity of the rainforest ecosystem and enhancing the lives of the people who live in it.
In recent news AZFL said on December 9 that it has reorganized its subsidiary titled Amazonas Florestal Inc. with the State of Florida. The Florida subsidiary will be responsible for restructuring the company’s timber operations in Brazil.
As previously announced Amazonas has been pursuing several initiatives for revenue growth, forestry preservation and building shareholder value. These initiatives have and will include enhancing the management team, funding current and future revenue projects, growth through additional acquisitions, improved investor relations presence and the completion of requirements necessary for Amazonas to become a fully reporting and compliant. The newly reorganized sub will be directed by the company’s CEO Pepper Stebbins in an interim basis until such time that a complete management team can be set in place. Mr. Stebbins brings on board more than 20 years of experience in directing similar wood products operations having been Production Manager and later Marketing Director for Precious Woods, another major wood products manufacturer in Brazil that is also public.
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AZFL new CEO said ”I am profoundly enthused to finally get working on organizing the company’s timber production operations in Brazil. We have an enormous potential to create a substantial revenue stream through these proposed operations for AZFL, not only through the large order we have in house with our primary hardwood sleeper customer but also other large buyers of these products that have recently shown interest in our production capability at the mills in Rondonia. I am also thankful to have been given this opportunity, Amazonas has an excellent business plan and is poised to assume a positive position on the market and reach substantial business objectives as the plan materializes in 2015.”
Investors are accumulating AZFL citing the fact that AZFL had just 570,030,312 shares outstanding as of September 30 with no convertible debt on the books this puts AZFL market valuation at just $741,000 when we 1st started reporting ont eh stock. Its trading at close to $2 mm now.
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Conclusion: AZFL has seen some really important developments recently. The stock is technically sound and still trades very close to its historical lows. While AZFL stock is still quite cheap they have developed the type of loyal following that can catapult these subs to 1000% gains. AZFL is a stock to watch.
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Disclosure: we hold no position in AZFL either long or short and we have not been compensated for this article.