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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Nov 7 9:30 AM EST

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To: marcos who wrote (115)3/4/1997 8:32:00 PM
From: AL R   of 451
 
Hi Marcos

In my limited experience, I've found share dilution holds prices down until the shares are absorbed in to the market. Most recent has been William Resource WIM (T). Shares keep showing up. (Huge volumes @ rock bottom prices)

PLT's share dilution may have been a good move but it is also a poison pill in some respects. I not yet convinced PLT has turned the corner. It seems to be bumping along at a bottom and it may be awhile before it moves upward. Personally I'd liked to see some convincing news and/or momentum upward before I get in.

AL R
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