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Or another crappy company that just wants to dilute.
You and others seem to be wed to the idea that ANY R/S is bad. This stock will have a R/S. The unknown is when. The SS will be what a new company wants it to be, as they will have the control shares. The best time to do it is now, while we are deep in trips, as it can't tank the price any more. Done later, it could tank the price in half or more at a much higher SP. The proper R/S is 1:100, bringing the SS down to the 80 million range. With that, and a decent $80+ million MC company merging in, we make more $ than staying pat at 8B shares going nowhere.
That is what I was pointing out but never was acknowledged
A RS right off no doubt benefits you. I’m not so sure it would benefit the stock at this point. The current market in the OTC isn’t good and this isn’t a well known or particularly popular OTC stock. The amount of people that even know about this is pretty small.
So you say new money will be wary until a RS. First, what new money if no one knows about it? If Those that do get discarded, then there goes the core investors. Plus you don’t think new investors are going to be wary after a RS? They would know the previous ones got wrecked , those that were willing to hold and not just flip.. More importantly they would be wary of walking into a dilution stock.
The scenery you want could destroy it. Nothing but flippers and no real investors. Plus the real fear of buying into a dilution stock looking to use it as an ATM.
My trading strategy SHOULD be obvious. I've posted it.
P&V, it's obvious that your trading strategy is to target investments after a 70% drop, following an RS. That is why you promote an RS to the point of nauseum. God help us!
The huge increase in restricted shares (690M) could mean Tad has a new debt (like for a merger / acquisition), or maybe Tad himself has taken those shares so he has more leverage for a merger? I guess we will find out in the next filing, but hopefully sooner with a merger announcement.
OS INCREASED TO 8,889,034,371 on 12/1/2023
Was 8,199,034,371 on 11/30/2023
RESTRICTED SHARES INCREASED to 761,994,904 12/1/2023
Was 71,994,904 11/30/2023
690,000,000 shares became restricted.
P&V, it's obvious that your trading strategy is to target investments after a 70% drop, following an RS. That is why you promote an RS to the point of nauseum.
God help us!
Not sure how helpful that would be. That would require enough buyers to touch this stock to allow the cleaning of the remaining obligations. Good luck getting that. This will probably drop immediately and would have to do another RS. He would have to put on some campaign or newsworthy information to get people to take it. So, at the end of the day, some sort of merger would have to occur to absolve the remaining obligations or debt. Better to do that down here than have a RS, then it gets crushed again. Easy way to kill any long-term shareholder to touch it.
That's exactly why Tad should do it first.
There was that announcement of the 1:100 RS in the PR, and the stock absolutely collapsed from .0017 back to .0003, leading to termination.
Agreed. Obviously, there is no way to know. We will just have to see what happens.
It's interesting how billions of shares is a big deal in OTC world isn't it? Apple has 15.5 billion OS but they've done a lot of splits to get to a price of $190. Siri has 3.8 billion shares - they are $4.68. That might be a better example - they aren't doing an RS for now. Both of these companies' AS counts are unavailable. Tesla has 3.2 billion shares. Amazon has 10.3 billion shares. Pretty wild stuff.
If you're going to do an RS, you probably need a good reason to do so. You may not want to do it immediately - but instead look to get to OTCQB and THEN do it.
The future incoming company (let's hope there is one) might have seen what happened with EV Hotel. There was that announcement of the 1:100 RS in the PR, and the stock absolutely collapsed from .0017 back to .0003, leading to termination.
So, do we really think the new company will want an immediate RS based on that past situation? I think that's up for debate.
I do not disagree. Rick wanted that done. But I don't think Tad will do it. That is my point. And it will take a little time to get that all approved. It'd obvious this thing will need a little hedging
Well I'm sane. NOBODY wants 8 billion O/S.
You do not know what the merging company will want to do.
You do not know what the merging company will want to do. They very well could, but we just don't know. And you don't know what the merging company SS will be or want, so I doubt Tad will enact anything without them.
Right, so Tad may as well do it now.
He wanted to enact a RS down the line
He wasnt saying anything about time. All he knew is that he had been waiting on FINRA to respond to them and was getting no correspondence. He wanted to enact a RS down the line and not being able to communicate was a major issue with him.
RGLG and Entrex has had similar issues with delays of 12-18 months from FINRA. Maybe the CEO is just full of crap. Remove time, FINRA seems to have had issues communicating with companies is what I am consistently seeing. ByoPlanet isn't some joke company either.
Not true, and not sure why you'd believe that?
FINRA has been making companies wait 12-18 months to get stuff done.
That's a scary proposition for potential RM plays moving forward
I think Rick owed moneys to Tad but wouldnt hand it over because he was uncertain about FINRA and thus why the merger didnt go through.
Again, Rick just told me that FINRA was just not budging, they werent communicating.
Wow - now that is very interesting.
Well, I was told the only reason for Rick pulling out was the fear of FINRA not allowing him to RS when he needed to. And what I have gathered from other companies and CEO's is that private entity FINRA has been making companies wait 12-18 months to get stuff done. Not entirely sure why. Not sure if others have heard the same thing. But that is some crazy wait time to get past FINRA. I think Rick saw that FINRA wasn't communicating at all and realized that he may never get to do what he wants because of the lack of communication.
That is what Rick told me. He also stated Tad supposedly had another company, which I found odd. I wonder if that panned out or not, idk. Just going to patiently wait. But I am hearing all roads seem to lead to FINRA holding stuff up for one thing. No reason, if Rick was being honest, that ByoPlanet shouldnt have been the company.
Probably a solid assessment. To your point, the ByoPlanet cancellation occurred on August 1. We have to hope that they started looking right away - because if there's going to be a 100% commitment, it will have to be on both sides. Plandai is going to have to ensure that the new company's books are solid - that could take awhile. You have to wonder if we have a wait extending into August/September of 2024 for substantial news. Do they really want to spring a binding or non-bidnding LOI on us now? Who would take that seriously?
Can't really say what to do until we see who comes in. I am betting on the fact that Tad is not going to merge someone in here that isn't 100% committed. He did progress from that bad situation with PuriBlood to Hotel Ken, then a real one with ByoPlanet. I'm thinking he was as surprised as us about Byo backing out, and won't let that happen next time. Whether it is a good company will tell how long we should stay. Just keep adding to the pile now at this ridiculous price, and something will come along.
I hope so. If there is, I still expect a very rocky road. I'll admit I'll sell half on a nice run (what that run is, I don't know). After 3 failed RMs, I don't know another approach to take. Don't you think a lot of people would be thinking similarly? Buy down here, wait for news, sell half and ride free shares? It doesn't mean this can't go absolutely ballistic but there has to be some caution here you'd think.
Looks like one of the admins inadvertently closed posts for a little. It's remedied now.
Honestly, just MMs moving their shares around. Hoping there was a reason for that.
Yeah exactly - I get that it was Thanksgiving break but it would have occurred Monday and not Wednesday.
I'm in FONU, and I got some 1s there after a 1 billion plus share day, and it barely trades now. One of these will hit when I'm 80 probably.
If so, a pretty delayed reaction, lol.
Very strange. I thought it might be related to the latest quarterly and addressing some of the debt but that doesn't appear to be the case.
This happened a little while back too. One day out of the blue, a ton of shares transacted, then nothing. And reading the Trades report from yesterday was crazy. Hundreds of millions of shares traded going nowhere, but it took a $15 order at the end of the day to move us up a tic.
Think it happened here befor once that I can remember
So far we're not seeing any follow through. I'm not sure when the buying happened yesterday. I've seen this with a few stocks - crazy buying then nothing.
Tomorrow will be very interesting here. They say smoke before fire. Todays volume was the smoke. Now thats see if the stock price catches fire... I have a feeling it will.
$PLPL
386mill volume on no news, it's OTC melt up time again like 2021, this is how late 2020 started, and it started on Nov 30th, 2020, 3 year anniversary cycle right on time!
Now after seeing all the OTC volume all the CEO's will produce their BS PR's to help fuel the rallies again!
What does today's tape suggest?
https://ih.advfn.com/stock-market/USOTC/plandai-biotechnology-pk-PLPL/trades
Any interesting opinions?
Is it too much of a Captain Obvious statement to say they might pursue someone in the AI sector? That seems like the newest, hottest sector now.
If there is opportunity for a lot of companies to succeed in that sector, and many of them are looking to go public, maybe that provides an opportunity for Plandai.
Yeah could well be. I'll hold like the rest of you and see if they do in fact draw in a new company. I'm hoping they get someone like ByoPlanet, and do a 1:100 RS after a nice run - the original hope we all had.
MMs could just be swapping. Who knows.
I filled 2 million 2s...and now it's at 1 on higher volume lol....geez ya just never really know.
That was in the tech that was sold to TXTM.
Yeah. I do not have that knowledge. Just have to see what happens.
Yeah I don't think any of us really know. In the quarterly they state that "no potential merger candidate has been identified at this time." I suppose that isn't necessarily true. I don't know that they have to reveal that in the quarterly.
There was this in the latest Q I wonder if this offers a clue as to the direction and nature of the next merger.
"The Company invested in research and development and
developed valuable intellectual property in delivery mechanisms for the delivery of therapeutic level of essential plantbased nutrients to human cells. The IP developed and owned by the Company includes targeted products that contain
plant-curative properties. The Company's proprietary trade secret extraction methods allow plant nutrients to be
properly absorbed and remain in the system long enough for a therapeutic effect. The Company's technology
restructures plant nutrients into a highly purified form that the body can more easily process while also increasing their
absorption into the blood plasma and the length of time those nutrients remain present and active in your system. The
Company produced and trademarked products associated with its extraction and delivery systems, including
“Phytofare,” a product with all of the phytonutrients in a stable, highly bioavailable active extract."
I would hope something is coming. No reason to go from nothing to 228,000,000 shares in one day unless MMs are just moving shares around. idk
I know a few with at least 200 mill each. There are people holding in total well over 1 billion in shares.
In regards on the quarterly, if ByoPlanet was technically still connected to PLPL, then it was still a company. But if not, then I do not know because the shareholders havent been made aware of it.
I hope you're right. I have a lot of questions from the quarterly. Are they a shell or not, as of today? With ByoPlant gone, I would think they would be - so why mark no? I get that there's the discussion below that, but as of September 30, wouldn't they still be a shell?
It's interesting to me there are only 111 shareholders as of September 30 - there must be a fair amount of shareholders with like 30 mil plus shares.
These run based on inside information. These MMs know something we do not. If we hit .0004, something is definitely up. Large volume.
I'm not seeing anything either. I've basically been asleep for months with my OTCs. It would be nice to see one or more of these run. Only seeing the quarterly report filed last week. Didn't even know that had happened until seeing this sudden volume.
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