Pallet Pallet Inc. Message Board

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Gold/Mining/Energy : Pallet Pallet Inc.

PPAL 60.10

0.0%

Nov 7 9:30 AM EST

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To: Gary McCoy who wrote (137)	3/7/1997 10:39:00 PM
From: Richard Nash	of 451

Hi Gary, what a FUN DAY we had with PLT !!! I believe there will be a lot more days like today. Some of the buying may be people trying to cover their short positions. However, I also believe a lot of the buying came on the news that the share issue was completed. PLT will now have virtualy no debt. We can expect to hear news on the Bank of American's line of credit being issued. Also we should hear news on the acquisition of the Ohio plant. I talked to my broker about PLT after the market closed today. I was told that there was a very good chance PLT could make a profit in the 4th quarter of 1997. PLT was paying rates of interest on their debt as high as 15%, now the debt is eliminated this will help the bottom line. Also we can expect the new plant, new pallet banking outlets, and an increase in revenues to help make a profit. But perhaps most importantly are the measures that PLT has taken to cut costs. People are becoming ever more bullish about PLT. I beleive PLT could easily hit 45 cents in the next two week. If you are long on PLT you will be rewarded. Lets Have Several More Days Like Taday !!!!!!! Keep In Touch!!!!!

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