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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?
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To: George A. Roberts who wrote (46)11/13/1996 3:08:00 PM
From: Kent Kuo   of 341
 
I also bought in (at the advice of my broker) when the shares
were around $4.25. I sold out the first time at $1.25. I learned
a very valuable lesson on doing your own research. Since then
I have been watching SW and have been impressed (from my
perspective) on the efforts CW has made to turn this around.
The proof of this is in the "pudding" or in the sales and quality
of the products. Without this improving, reverse stock splits
of 3 for 1 or even 10 for 1 are worthless. SW has to be able
to show that it can sell its products over the next year or
the recent infusion of $$$ won't be able to keep $400K quarterly
deficits at bay.

I view this investment differently than the first. One, I hope
they are able to turn it around and sell the company. I would
hope it would be at a share price that makes me some $$$. Secondly,
I bought in the second time at a much lower price. This time
around I decided to not put a lot of $$$ into the overall pot,
but to use this as a pure speculative play. If it doubles or
even triples....I cash out and look for other more solid plays
for my investment.

As far as other investors....I suggest they look at the research
themselves and decide what approach fits their investment
strategies. At .25 share, you can see it as a way to lose .25,
but I see it as a chance to "double" your money. On the other
hand, I wouldn't put anything more than I am willing to lose
into this pot.

Thanks, Kent.
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