Sanctuary Woods recent sale, should you own the stock? Message Board

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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?

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To: Bart Sampson who wrote (126)	2/19/1997 5:51:00 PM
From: Kent Kuo	of 341

Hi again! Well some quick and dirty reading of past and even my own postings suggest the following: 9/30/96 2/14/97 Net Loss $420,259 $1,537,857 Sales $1,175,972 $1,201,782 You can compare this to last year's numbers, but this would produce a relatively meaningless number since they wrote off all of that stuff last year at this time. What concerns me is that their sales gained a total 2% from third quarter to fourth quarter while their expenses have climbed ($400K for Sales/Marketing, $100K for shutdown of the Toronto office, $138K for bad debt from weak distributors, and $106K for interest expenses). Now if the sales/marketing were working...sales would climb appreciably. I guess the question to ask is....how long does it take for an ROI in the sales/marketing sector? Comments? Thanks, Kent.

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