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: D.A. who wrote (13)	1/6/1997 12:48:00 AM
From: Richard Nash	of 451

D.A. I agreee with you ! I think "PLT" finally has its act together, everything I have read indicates that they have take the steps to bring the company back to profitability. Yes the company is preparing for the issuing of up to 5 million in shares to obtain operating capital,if they need it. From my understanding this is just a pre-caution any company in their position would take. If thing go as they plan (i.e. return to profitability, good cash flow) they may only raise 1.5 million, this money would be used to help pay off existing debt. If you look at the price and volume charts for PLT you will notice on the date the company filed for the right to issue more shares the price droped dramatically, so the stock has already discounted the possibility of further share having to be issued. Like you mentioned D.A., if the company does make a profit and share prices rise, well less stock will have to be issued. We will all have to wait and see what happens when financial results are reported, the stock could take off or it could drop back to the 33 cents level. Who KNOWS ???????

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