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The news of the equity offering was made public Nov.22/96.In that month PLT traded as high as 0.55.and trending upward.The market over adjusted after this news as it is now around 0.40.Good things have happened since then.Bank of America Has made a $20,000,000 commitment(on condition of equity issue completion) so PLT can pay off all debt with cheaper money.There was no time frame mentioned.See Canada Newswire.Two big events will happen in the next little while.#1,New equity completion.This will cause stock to move up.This is a good thing.#2,next quarter ends at the end of Feb./97 report due a month later.The state of PLT is obviously improving.Therefore it is likely that there will be some more up moves in the stock price as persons closer to the company are seeing more activity,suppliers,contractors,freinds,workers,etc.Also remmember,with the recored amounts of cash being put into the markets these days,investment managers are actualy sending staff to check out the day to day activities of such new prostpects.There will likely be some more up moves closer to the end of Feb./97 and before the quarterly report due to this close observation. |
