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Microcap & Penny Stocks : Sanctuary Woods recent sale, should you own the stock?

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To: TOM E WALTERS who wrote (259)7/8/1997 4:10:00 PM
From: Jamie Westock   of 341
 
No question that SW's been sick for a long time. But, I think the future, relative to the past, is looking up. There have been significant structural changes to the company, and the addition of the Virgin titles and purchase of Theatrix. For the quarters Apr-Jun and Jul-Sep, I don't see much happening until the Theatrix acquisition is completed. Since Theatrix is private, we don't know what it'll add in terms of revenues and profits, but there are several attractive things about it. First is the creative talent, track record and titles; 2nd is the distribution channel (much more extensive than SW's); 3rd is the additional cash (2M from Kingdon and whatever it had on hand from last year's capital injection) it brings in. I'm hoping that by the end of the year we see marked improvement in the overall business, and with it an increase in the stock value.
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