Dilution in sight IMO: "We will continue to seek to raise additional capital through the sale of common stock to fund the expansion of our Company. There can be no assurance that we will be successful in raising the capital required and without additional funds we would be unable to expand our plant, acquire other companies, or further implement our business plan. In April 2012, through our subsidiary companies, we secured a 100 million Rand (approximately $8.3 million at current rate of exchange) financing with the Land and Agriculture Bank of South Africa which will be used to build infrastructure and further operations. During the six months ended December 30, 2015, we borrowed $400,000 from an unaffiliated third party under a promissory note due and payable July 1, 2016 and earning interest at 6% per annum. We also sold 5,764,600 shares of our restricted common stock for net proceeds of $187,700. "
After the garbage promise in 2012 to make $ 20.000.000, Plandai is in a terrible financial situation since years. I doubt they will find additional interest of new inevstors as smart investor do not invest in such money burner - and PLPL prove meanwhile to be money burner. New debth, new shares by dilution and still enorously ridiculous revenues will kill this story longterm. PLPL is a gamble - one day half penny up, next day half penny down, but not an investment. I assume death of PLPL mid of 2018
