AL, I'm not sure what to think, myself, except to acknowledge that your stance as a doubter a couple of months ago seems pretty much validated now, in hindsight......
The last quarter was better than the previous year, though, and looked to me like steady progress toward profitability, EBITDA was virtually flat, a great improvement, imho....... If you have the time, give us a critical analysis of the last two releases, you do that so well......<g>.......
Today is the last day of the fiscal year for Pallet, que pas¢, pas¢...... All we can do now is wait for the report, 4-6 weeks should bring us a report that, imho, will show improving results.....
That bit of bolding in the above paragraph is for the benefit of management, who, I would expect, read this thread from time to time..... It refers to the decision last year to delay the reporting of the fiscal year until Sept. 27, when it was released with first quarter results....... ww2.newswire.ca
Granted, the results were nothing to be proud of, and the decision to delay was made by previous management, but it looks pretty devious and will reflect on the company for some time to come....... Prompt and clear reporting is a fundamental responsibility of management, never mind the law or the rules of the listing exchanges, those who manage have a moral duty to those who own to report results on a timely basis....... And when they don't, those who own lose such faith as they were able to retain........
Anyway, Al, I chose to average down a little this last week, and will buy seriously at 14 cents or thereabouts, it seems real possible we'll see that........ But trends have a way of turning, and with no substantial negative news regarding Pallet, bailing out is just not an option at this point, imho........ |
