Amazonas Florestal Ltd. AZFL
We’ve been tracking AZFL for quite some time, having appeared on our extended watchlist for October 29th, and we were waiting for just the right time to expand our focus on this newly trading stock. During that time, we’ve watched it run from .03-.11, after which it receded back to find a solid level of support at .045.
AZFL is going to be a long-term point of interest for us, as we expect to monitor its progress well into the new year.
While observing the Level 2 today, we’ve noticed a definite shift in buying interest, with bid support strengthening, and offers being taken out readily.
As you can see, the chart is really beginning to appear ripe, we see a lot of potential here.
Amazonas currently owns 90,108 acres of virgin rainforest land located in the state of Amazonas, Brazil. The Amazonas rainforest property has been in the families of management and shareholders for over fifty-years.
The company generates profit through innovative, sustainable management of its large tracts of land in the rainforest. Amazonas Florestal’s sustainable forest management strategy, with its green philosophy and method of cyclical harvesting, preserves ecosystems through habitat and water resource preservation, and eco-friendly timber practices.
MIAMI, Nov 19, 2012 (BUSINESS WIRE) — Amazonas Florestal, Ltd. (OTCPK:AZFL) (“Company”), a diversified forest management company generating profit through innovative, sustainable forest management, announces the signing of a joint venture agreement for wood products trading with BPA Trading & Investments Corp., a Providence Company (“BPA”), a global trader and exporter with timber operations in Brazil and trading desks in Sao Paulo, Hong Kong, and Guernsey, UK.As part of this agreement, BPA’s Brazilian affiliate will provide the JV with upwards of $1,000,000 in factoring credit financing to facilitate the JV’s wood trading operations. The JV’s factoring credit facility will be on a 30-90 day revolving basis and the JV will used the credit facility to finance JV’s purchase orders relating to its timber agent activities. This is short-term debt with no long-term commitments and is non-dilutive.
“This is an important milestone for the Company,” says Amazonas CEO Michael Ibar; “this agreement helps satisfy the capital requirements needed to increase our trading/timber agent operations. That increase in operations, in turn, enables us to fulfill large orders, thus satisfying one of our broader business goals.”