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 (38)	11/12/1996 2:41:00 PM
From: Bart Sampson	of 341

I looked at the Philips database and found this little morsel from a few weeks back that may answer a few questions. October 2, 1996 Having taken an $18-million beating last year, Sanctuary Woods is showing signs of a resurrection, having secured more than $5 million in financing since late September, including more than $800,000 this week alone. Although CEO Charlotte Walker did not return a call by presstime yesterday, she recently told MMWIRE new infusions of cash would go to retire debt. But the new capital "is not a lot" and it "remains to be seen" if Sanctuary can rise like a phoenix, said analyst David Cole with DFC Intelligence Research. The company known for NFL Math may come away in a better position to compete as a developer, but it will "not rise from the ashes as a publisher. It's not enough" new capital, Cole said. (Sanctuary Woods, Charlotte Walker, CEO, 415/286-6025; DFC Intelligence Research, David Cole, 619/484-5145) Bart.

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