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: Carmen who wrote (165)	3/28/1997 2:23:00 PM
From: George A. Roberts	of 341

Carmen,thanks for the message, but are you not more than just a shareholder? It appears you are an employee of Sanctuary Woods if you're E-mail address is any indication? If I choose not to participate in the rights offering and the company in fact does turn around my existing position benefits . If on the other hand, the company hangs out at around $.15-.25 and eventually goes belly up I would be out an additional $840. How many more "rights offerings" reverse splits etc. can the buying public handle just to keep the company solvent? The company has never really shown any ability to produce anything at a bottom line profit...the one tittle that sold the most wasn't created by Sanctuary in the first place and was sold...Journeyman///. If Broderbund and Electronic Arts are having problems making a profit what does the future hold for Sanctuary Woods ? I am not denying that the products are good, but doubting that they can be produced, marketed and sold at a profit...Apple is a great computer but I would not own the stock. As a shareholder it is not my function to continue to provide you and the rest of workers at Sanctuary more and more money for salaries and stock options...my job is to make myself money and my investment in you're company has done a very very poor job of it ...It is my own fault for not bailing out when the getting was good but to continue pooring money into a company that only has a 10 percent or at best a 15 percent chance at surviving long enough to get my original money back is not the type of investment I am willing to make ..My average price per share is $5.15 or thereabouts....I just hope that the stock could get back to above a buck pre reverse split so I can re coup $6500 or so....If you would like to buy my shares I would gladly part with them at $1 per share .... George a long suffering shareholder....

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