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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 (270)6/1/1997 12:41:00 PM
From: Gary McCoy   of 451
 
Hi Marcos,

I had a lot of faith in PLT when I first bought into it @.38 and again at .31. I finally let go at the beginning of the week at .21.

I placed small amounts into some other small cap stocks. If either of these show any weekness, I'm out and will probably place what little I have left in fewer but more dependable blue chips. Or maybe just place it at 3% (better than - 40%).

I'm starting to believe that many of these small cap stocks are just a lot hype and used by promoters to chew up guys like you and myself who try to make an honest buck.

I still feel that PLT may make a comeback and wish everyone the best of luck.
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