Roger - imo it went up because they finally had something positive to ann. then traders simply pumped it and a lot of people started believing that this was the turn around for the company.
I did trade it during this time, but my last sell was @ 0.16 for a loss. I did not buy back in because they still had a long way to go.
when the last quarterly was release, some holders looked at it as being positive. I saw the massive cash burn as a negative as at that stage they were going to need to increase output by 50% to come close to breaking even.
The AQP ann that they closed down their operation in RSA a last week and this was a sure sign for me that there was trouble afoot.
I feel for the holders - and have some dogs (still) of my own so not trying to upset anyone. We must talk about these stock that go under in the hope that it helps someone in the future making the same mistake.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
