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: Ed Newman who wrote (36)	11/11/1996 11:54:00 PM
From: Bob bob	of 341

Theres no fundamental reason why the stock has sunk so low. The market makers are loving this upcoming reverse split, buying up all those shares at .18, while keeping the spread at 7-10 cents. I think that whatever happens at the stockholder meeting tomorrow, the best time to buy will be right after the split. I heard that the quarterly results will be announced tomorrow. In terms of stock valuation, the Oct 1 financing was done at .55, and 2 weeks later Electronic Arts & Ripleys chose to take .70 shares of stock instead of cash to repay debts. Now that the company is solvent, buyers can now place orders knowing that they can make returns, get technical support, etc. Sales are likely to increase. I heard that they just closed a $700,000 deal with a major school district last week.

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