buy alert pelo , page-20

re: issue of new options ? Parts of the broker report may still be relevent-but it just highlights how so little has been achieved in the past twelve months.

You would have to give the management of this one pretty low marks when you consider how active other companies with little cash reserves have been in the Philippines in comparison to Pelican.

Very much a management lifestyle puppy, not one where the directors are working their rings off for the company IMO.

No reason to hold ?

Cheers,TAS