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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST

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To: marcos who wrote (258)5/24/1997 12:17:00 AM
From: Richard Nash   of 451
 
Nice posting Marcos ! I think the news release spooked some individuals into selling on Thursday. I would not be surprised to see the price move up a little next week once people realize the cutting off talks with B of A was not the end of hte world for PLT.

Considering their are about 60 million outstanding shares, the trading has been light. I think their are a lot of people who have bought and are just sitting on their shares for the long run. I believe the worst case for PLT this year is that it will break even, no profit or loss. The last quarterly fiscal results stated they had signed several contracts with new customers that would add to to future revenues. Who knows, when we least expect it PLT will turn a profit.

Let us know what you come up with, is PLT a buy, sell, or hold in your opinion.

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