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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: ringo99 who wrote (421)7/28/1998 11:04:00 PM
From: Ron Nairn  Read Replies (2) of 451
 
Everyone's entitled to an opinion. I agree at this price it's fallen a long way but the down side from here out is minimal.

IMO, the company had some good ideas but lacked the management or working capital to pull them off. They envisioned organizing and building an alternative system to an industry of mom & pops, on a North American wide basis into a system that is environmentally sound, cost effective and money saving. By this I mean their vision of "pallet banking". Almost all goods are handled on pallets. Someone must own them and carry them as inventory. They're generally considered a cost of doing business...in the way if you don't need them, absolutely required if you do, and what do you do with them when they're broken (repair or landfill)?

Bail if you will but I'm staying along with the company's new merchant banking management team and it's restored working capital.

Rondo
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