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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?
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To: Billie West who wrote (33)11/6/1996 2:03:00 AM
From: Jamie Westock   of 341
 
You're right, the stock's been sliding for the past few weeks. Could be because the company's planning its meeting next week and has been very quiet. If anything, the stock should be going up based on the recent cash infusion. I think we'll be able to see a good picture of the direction based on the past quarter's results which should be released about the same time as the shareholder meeting. The reason for the 1 for 3 stock consolidation is to in the words of the CEO, lower the number of outstanding shares and thus make a purchase of the company more attractive or feasible. By next week we'll all have a clearer picture.
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