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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?
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To: Jamie Westock who wrote (292)8/28/1997 7:41:00 PM
From: George A. Roberts   of 341
 
To me, its just more of the same....they have put out all kinds of little news articles about the 'edtainment' releases and deals of Sanctuary Woods. The problem is that they never, never, never,ever, make a penny of profit. We must face realtiy, this company is only alive to keep the people that work there employed, they have never cared about shareholders. They only care about share price as it relates to their own options....which if I remember are priced so low exercise wise as to make them irrelvent to all but the new comers.I purchased years ago, now have 325 shares at an average price of well over a hundred dollars. I did not double up when they offered that program, I and now simply waiting for tax season ....for the next several years I hope to use Sanctuary to offset captial gains.

I blame myself for the depths of despair I find myself in regarding Sanctuary Woods. It was a combination of naiveite and greed that has lead me to this unfortunate juncture. The mantra for me for the rest of my investing career is "never buy companies that don't make money" ! I have some other views and screens for stocks but the one LAW I hope to never violate is that one.....
George
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