PLRO Investors Relations Response
"I don't think they have even responded to e-mails."
Not true. I contacted PLRO Investor Relations about the stock price Tuesday evening. This is what they Emailed me Wednesday:
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Dear Shareholders,
The last several days have been difficult for many of you, and indeed for us as well. As many of you have followed, Platinum Research Organization's common shares, which trade on the Nasdaq OTCBB under the symbol 'PLRO', have advanced to a series of new highs over the past several weeks. Unfortunately over the last few days, the price of those shares has suffered a significant retracement. Naturally, this has caused many to wonder what, if anything, has caused this precipitous decline in price.
The forces that are applied to equities listed on public markets are difficult to understand and often appear quite random. Like you, we have been attempting to ascertain whether there is a specific reason or event behind recent moves.
After discussions with Company executives, we can definitively confirm the following:
1. There has been no material event or fundamental development, private or public, that would cause recent market activity; and
2. No material event or fundamental development that might have such a negative price effect on the stock is expected to occur.
In early stage equities markets, stock price movements and volatility are often severe, and it would appear that in this instance such movements are more likely in response to outside market forces than a reflection of any real or perceived negative event at the Company.
We are well aware how trying these times are for many of you. We confirm our support for and belief in PLRO, and as always, we encourage you to seek expert advice before making any investment. We continue to strongly believe in the inherent value in the Company, and we are very excited about its prospects and ongoing development initiatives.
Sincerely,
Investor Relations
Market Direct IR
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