Q: Can you please comment on news release regarding financing. Having a position in this speculative stock, should one buy, sell or hold. Thanks.
5i Research Answer:
PLSR has advised investors that the rumours regarding its private placement are false. The stock has surged with the helium sector, and did announce a financing in February. With the stock up 200% in a year a deal would not surprise us, but the recent rumours are not true and the company intends to seek legal action against the parties spreading the rumours. It needs to be considered highly speculative, but if owned we would be OK holding due to the possible shortage situation within the sector.