Developments5 Jun 2007 13:03
PLW. This was the rebranded "BITS" Co. Followed the shares on the back of gaming bubble, but bailed out after stop losses kicked in. Based on Company news coming out suggested a stron/but in Oct at around 4p since then shares have halved in value probably down to gaming fallout, but there was more to it, recently Fistral Trustees Ltd announced they hold just over 3mns isc representing 5.05%. The Co at the EGM yesterday pursuaded members to give it authority to issue further shares if required. These shares are worth a buy as its offerings are being well received, and more sales momentum in the offing. So yes I stand by my buy position as I believe this Co has value it is just a question of when it will be recognised, bit unsure though of an ever increasing isc base as this always unsettles share prices, but as long as any additional funds are well utilised PLW sp should rise.