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Microcap & Penny Stocks : PELT
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To: William Harvey who wrote (68)10/8/1996 4:32:00 PM
From: David Haith   of 78
 
Pelt stayed the same on heavy volume. What does this mean. In the report it looked as if they are paying for everything in stock. They showed a loss (one part) of 1.5 mil due to drop in value of there stock.
Alot of companys seem to be taking stock as payment what do they know that we don't. They took the stock at a higher value than it is currently trading. They are investing alot in hair care to be cautious about it. (packaging, distribution etc.) What's up.
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