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: Bart Sampson who wrote (295)	9/19/1997 9:52:00 AM
From: George A. Roberts	of 341

Nothing Bart. As a long term sucker who got fleeced i am simply waiting for December to ascertain how many shares to take losses on to off set my capital gains. this company is never going to earn any money and the stock will not breal 5 bucks in my life time. I am down over $30,000 and used to think oh well just hold it ...forget about it and hope..be patient . I now know that the only way to get anything out of this stock is to use it to offset gains. With cap gain reform it will not be as valuable but something is better than nothing.Each share I sell I lose aroung a hundred and some dollars, and 10% of that is more money than the stock will ever be worth ...I mean ever. I firmly believe if I held this stock for the next ten years it would not be worth as much as it is off setting losses, plus you have bancruptcy risk.... George

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