ProText Mobility Inc (TXTM)

[I-Glow]

PLPL has nothing but shares to dump. If everything was so wonderful why didn't the file any financial information since March 2016?

Let's take a closer look at the PLPL last 10-Q filed.

Revenue for 9 months ending in March 2016 $198k.

Losses from Operations - $2.3 Million

Net Loss - $3 Million

From the financials we find: "The first product brought to market was Phytofare™ Catechin Complex."

But oddly the product can't be found. Here is a press release about the new product: http://m.marketwired.com/press-release/plandai-biotechnologys-phytofarer-catechin-complex-hits-shelves-with-new-usn-label-otcqb-plpl-2030983.htm

"For more information on the product and to view the product for sale visit: http://dischem.co.za/product-view/73572/usn-phedra-cut-hypercore-60-caps

It Oops Page Not Found.

Then there was this little surprise:

Notes Payable – other third party

Between November 25, 2013 and June 4, 2015, the Company issued a total of $6,500,000 in notes payable to a third party, the proceeds from which were used for working capital purposes. In July 2015, the Company issued a note payable for $400,000 to the third party in exchange for cash of $384,170 and payment of expenses on behalf of the Company of $15,830. The note bears interest at 6% per annum and was originally due February 1, 2016.

Collectively, these notes total $6,900,000 and $6,500,000 as of March 31 2016 and June 30, 2015, respectively, and were due and payable twelve months after issuance. The Company subsequently renegotiated the due date on each of these notes to July 1, 2016. The Company is not required to make monthly payments on any of these notes. As of March 31, 2016 and June 30, 2015, the Company recorded accrued interest pertaining to the outstanding notes payable in the amounts of $594,332 and $288,612, respectively.

The Notes don't magically disappear.

Nothing real here - just another share selling scheme.

Don't worry I will go through all of the financials and press releases.

IG