PP is goodOne they were able to issue a pp at .10 which is up 20% from the pp less then a year ago on press release from Oct. 18, 2010 at .08 cents. They might as well take advantage of a nice increase in share price now as February 16. 2011 the .08 pp shares holding period will be up.
Two this should allow for a brief period to pick up some cheap shares.
I bought in today 10,000 shares .135 before the news comes out hoping to do a quick flip at .14 cents. However I am happy that the PP occured.Before it closes hopefully I can get in around .10. Perhaps I will take a bigger holding.
GLTA
If you know of any other stocks under .10 that have recently done pp's feel free to let me know :).