Pallet Pallet Inc. Message Board

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Gold/Mining/Energy : Pallet Pallet Inc.

PPAL 60.10

0.0%

Sep 23 11:27 AM EST

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To: De Nardis who wrote (364)	11/15/1997 11:46:00 AM
From: Brian Warner	Read Replies (2) of 451

I just received a copy of the 1997 Annual Report through my broker last week. "Pallets move the world... At a time when all the buzz words seem to focus on high technologies and the communication industries, one thing is often overlooked, [sic] a pallet carried these and every other product to market..." "This past year presented many challenges for Pallet Pallet as we began the transition from an acquisitions company to an operations based company..." (I'll say!) By my crude calculations the book value appears to be .39 cents a share, and the company does seem to have a plan to get on its feet, watched over carefully by Equity Merchant Banking Corporation, which now holds approximately 36% of the outstanding shares. Any comments?

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