As bad as the situation is at present. PLA had 15.2 million in cash at the end of Sept.
So, say they lost the standard 6 million in the dec quarter they should still have around 12 million which includes the 3 mil from last raising, therefore I don't think they're on the brink of bankruptcy. Saying that the outlook is terrible for PLA every qrt the company says they'll turn a profit than production stops for 1 week and shareholders are told that the 1 week stoppage is the reason the 6 million lose. What a misreadable existence if u need to constantly misinform people and drive their hard earnt savings down the drain.
I'm sure the "sophisticated investers" will not believe a word Lewis says from now on. I'm sure he told many porkys to get the raising away at 20 cents.
As stated earlier, they should be begging the big boys in plat to take control of all assists for 20 cents etc...
Very worrying that PLA are disparate to find additional funds now that raising has been cancelled. Could it be for legal costs for rooderand?
PLA Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
