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 (261)	7/9/1997 1:52:00 PM
From: Jamie Westock	of 341

When SW announced the Theatrix acquistion, I was scratching my head as to how SW managed to pull it off. We don't know yet what Theatrix's business performance has been; I'm very curious about this as I'm sure everyone else is. It appears that Theatrix's motives to merge with SW were to become public and gain bulk as an educational s/w co. In glancing through the latest financials, the chief creative talent at Theatrix, Joyce Hakansson, has entered into an employment contract so at least it appears that she'll be around after the merger's completed. Also, in the press release announcing the merger it was noted that SW intends to keep the Theatrix group "independent" with its own offices, etc. I think CW is sharp enough to understand that the most valuable asset she bought was the creative talent. In the same financials it also details the Virgin agreement. It looks like a real win/win relationship. SW pays royalties, less CGS, on titles it sells. I didn't see any up front prepayments. So, SW does well as long as the titles move. If they don't, the only cost to SW is the opportunity cost lost on the efforts spent promoting the line.

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