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: Jeff Korpela who wrote (139)	2/28/1997 2:44:00 AM
From: Jamie Westock	of 341

There's a special shareholders meeting scheduled now for March 21 (postponed from 14 Feb). Seems like the timing of the meeting is coinciding with this rights offering. Additionally, the company wants to change incorporation to the US and with the 10 for 1 try to get relisted on Nasdaq. I think this is still the plan. But, isn't one of the requirements for re-listing a $5 average stock price? Given the current price and the additional shares the rights offering will put in play, now a 10 for 1 won't be close to enough consolidation.

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