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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?
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To: Bart Sampson who wrote (162)3/27/1997 2:45:00 PM
From: George A. Roberts   of 341
 
Bart, I got a telephone call from Waterhouse securities (one of my two brokerages)informing me that the commission is $25 for the rigghts offering and that I could participate in the "rights offering" over the phone and skip the mail in. I suppose I might get another call -from Charley Schwab inquiring as to the same thing as I have Sanctuary stock at both places.I asked my Waterhouse if he knew how the offering was going ...he said I was his first call but that he had recieved several NO s' in the mail. He told me to give him a call by the 4th if I wanted to participate....I don't know what to do ...I mean it could be a good deal but I hate the thought of throwing more money into a stock that very well might not ever turn around????? For $840 I can double my positon but double nothing still gives me
mothing. I have over 30 grand in the stock ....It is a very hard lesson I have learned...NEVER and I mean NEVER, EVER, will I buy another stock that does not have a earnings history...never another "concept" stock no matter how promising....I could absolutely scream when I think of all the good "no brainers" i.e. Intel, Dell, Microsoft etc. I could have bought and held with that thiry grand....
George
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