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: marcos who wrote (29)	1/11/1997 10:17:00 AM
From: hugh thorne	of 451

I agree that this looks like a strong endorsement of PLT.I believe however that the credit facility is fully secured against receivables and inventory, so their exposure is somewhat ameliorated.Having said that, at least we now know that those assets are not otherwise encumbered: a sign of management skill. The article also said that the share issue was specifically to retire debt related to old acquisitions.This is a major plus as these old deals have been a problem for some time now: it is nice to get them out of the way! I have followed this one for a year and a half now ( made a bit on the in/out), this stock should without doubt rebound, it is simply a question of timing.

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