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I did say May 20th, just guessing tho, lol, we’ll see what happens.
Interesting no buys considering something is up finally here. Nor can you buy 1's from peeps selling the new SS. And very little selling on the new monster SS.
TXTM hit over a penny, I think maybe as high as .017. Something big is afoot here, you dont add that many restricted shares to sit there and do nothing.
Yeah. I screwed the pooch on this 3 times. So, I agree.
Agreed, ANYTHING can move.
Just know what to do when it does - that's where many struggle.
An 8 bill float can move. TXTM is a prime example. But this is definitely a fatty.
Lots of suppositions but none of 'em good.
Maybe Tad will announce something that moves the needle.
Imo no matter what it is, no matter what it could possibly be, if the SS is as-stated on OTCM then the only ones who will do OK will be the immediate sellers on any bounce.
Cuz 40B O/S doesn't work going forward, no way no how.
The all-too familiar playbook:
News, bounce, R/S, then crater.
Those who fail to sell the news will be next-gen $PLPL bagholders.
GLTA
Something else occurred to me. Maybe Tad is going to borrow a s**t ton of money for an acquisition and needs shares for conversions down the road.
~82% of the OS is restricted shares. I have never seen that on any stock I have owned. Very strange.
I'm very aware of the value within a RS. But you give room to lose value based on a RS that a company can't take use for and sell into. Thus why companies like BBRW continue to RS quick
Again you don't lose the value of your shares in a R/S. If you had $1000 in your account before the R/S, I guarantee you have $1000 after the R/S. Which SS would you rather have with your $1000, 80 million shares out or 8B out?
According the the latest filings Tad controls the Class A preferred which is just voting rights but could convert to shares if they dissolved that share class. That would equate to 60M shares.. (Series A Preferred Shares are convertible to six hundred shares of the Company’s common stock for each one share of preferred stock)
So hypothetically speaking a new company would just gain Voting rights and have no commons shares if the share structure stayed as it once was. They would have about 3B shares left in the AS for future financing or acquisitions.. Just not a viable option IMO. This is why the prior company's needed to a RS to even get a deal done.
This AS and OS adjustment we just seen on PLPL, tells me they are doing the opposite of a Reverse Split and now using the current share structure to complete the deal. It is the most logical theory out there based on the current data we have.
Unless, he reverse splits and uses that to sell shares into oblivion again. Without a solid company and plan, it wouldn't be good to just RS, especially for current shareholders. So, if you want the RS now, you clearly just want to lose the value of your current shares. He could do that, just know that the SP will slowly drop.
I continue to think that an R/S now works best. It can't affect the SP because we are already at Trip1. And makes the shell better for a new company. Who cares about the SS, it is your account balance that is important.
Tad has worked hard over the last year to reduce debt and derivative liability (according to his filings), and for the last two merger deals he said an RS would be part of the deal, so maybe he has a new potential buyer, or maybe he just wants to RS ahead of time to make the SS more attractive for any potential future buyer.
I agree. He must have some plan in mind, but I have no real idea of what that is. With the OS so high now, the shares are nearly worthless, which is why I suspect he is getting ready for an RS. Hopefully he puts out some news before that so we get a little pop in the price up to $0.001 so I can sell before the reverse, and then re-buy after the price stabilizes.
I get the part about Tad selling the company with the control shares. What I dont get is the 36B shares added to the SS. The new company already has control of the company with Tad's control shares, doesnt need the new shares to do that. Even though they are restricted, they will come off eventually. And what company wants a SS of 44B in this OTC market? If no R/S, what are they doing? Merging with Microsoft, lol?
If true we should see a filing very soon.
I think that Tad sold the company...etc
I think that Tad sold the company. The Float/OS was maxed to 9B area each. That give very little head room with AS since it is only 11B. So they would have had essentially 3B shares plus Preferred voting control to get a deal done. It does not seem plausible to me.. So my theory is the AS and OS were raised to accommodate a buyer. That buyer would now control and own 80% of the new OS. This new buyer probably wouldn't want to RS there 80% holding unless they felt the new merging company had enough value to support that.. So this deal avoids a RS.
So Tad receives cash for the shell in return for voting rights and the newly formed commons which is roughly 80% of the OS..
That is my running theory.. Would love to hear other thoughts.
The problem is that unless he shows the market some value here, those shares won't be bought by anybody. While they may have a value of $3.6 million on paper, he would have to be able to sell them to benefit from them. I can't make sense of what he is doing.
Another possibility- Tad is gifting himself these 36M restricted shares, so that after an RS, he owns a larger percentage of the common stock. This helps Tad personally, since a buyer of the company will need to either buy him out of those shares, or Tad stays on as series B (or whatever) preferred shares that he can convert and sell latter as he likes.
It may take a couple of filings to find out what is going on though.
Yeah, at least something is happening. I'm going bullish. Go $PLPL !
The entire OS increase was 36M shares restricted, with the unrestricted (roughly) the same as the OS yesterday. He must be using this for a merger (my guess), since the new buyer would get some common shares anyway, and we know Tad wants to do an RS, so now is the time to jack up the OS. No reason to issue a new series of restricted if the buyer of the company will get all the series A anyway. Just my guess.
That is what we are trying to figure out. Good or bad, something is finally happening.
Tad is a Pro in the OTC, and knows the rules better than anyone. We have to take the hints we see, and try to figure out what he is up to. First it is clear to me he is trying to acquire something, rather than sell the control shares. Next, he is setting up shop in Seattle, which is big in tech and pot. His last merge was pot with AMMJ, plus I think he is on the board of another one. So maybe that is where we are headed.
He won't talk. The dude is a Fort Knox. I have tried. Many have. Just have to wait and see.
Yep I agree something weird happening w/ share-structure.
Maybe a phone conversation w/ Tad would clear it up?
Or maybe it would raise more questions than answers...
Beats me.
Regardless, we've discussed the need for a RS previously - well I did anyway - most here just argued the point as if its NOT required.
We'll see what happens, in what order.
GLTA
Nevada SOS shows the following;
CURRENT SHARES
Class/Series Type Share Number Value
Common 11,000,000,000 0.0001
Preferred 20,000,000 0.0001
A/S 50B, O/S 44B. When's the RS?
What games you playin' NOW Tad?
BTW, that address in Seattle is a Post Office. Even more curious now.
I agree. That new structure was just placed yesterday on the OTCM site. Pretty crazy SS, at least something is happening. Looks like Tad moved his office to Seattle, for what reason is unknown. No retail buying can account for 36B shares, so they have to be sitting there for a reason. Maybe we will soon find out. IMO, there is a merger coming, as those shares are in place to give to someone.
Something weird going on here.
as of 2/6/2024 quarterly report filed , the adrress was 4811 49th Street San Diego, CA 92115.
Sometime after that it changed to 2721 SW Trenton St # 47135 Seattle, WA 98146
Not only that but the share sructure has dramatically changed on OTC Markets but the secretay of state still has the A/S
at 11 billion where as the OTC Markets page has completely different numbers numbers. Notice 36 billion are restricted. Are they being issued for a merger?
PLPL SECURITY DETAILS
Share Structure
Market Cap Market Cap
4,488,903
04/08/2024
Authorized Shares
50,000,000,000
04/08/2024
Outstanding Shares
44,889,034,371
04/08/2024
Restricted
36,761,919,904
04/08/2024
Thought we would have seen something by now, but there havent been many worthwhile mergers lately. I think he is still looking for the right one. He isnt getting any younger and I am sure he wants to sell the control shares soon. Gotta wait it out, not much else to invest in around here.
Thought by now, but not yet. I’ll throw out out May 20th, anyone else care to guess.
Good volume today. Need to push through those 2's
Control. Clearly, someone is in control.
Just amazing that this stock even trades at this point. Trades millions of shares daily and no one can make anything. You can't buy 1's and sell 2's or 3's. Can't buy 2's and sell 3's. You can buy 2's and sometimes sell 2's, but that is it. What is the point of that, lol.
The only real 10 baggers any more are buying tickers deep in trips and front loading a run. There is a flipper wall at .01 that seems impossible for any ticker to run past for multiple pennies. So unless you can find a possible runner in trips, kiss 10 baggers goodbye in the new post 9/30/21 OTC. Thinking we have one here, just gotta wait it out.
In my opinion, one has to be an idiot to sell this stock at .0001. The controllers will run this stock back to .001 at some point. Doesn't matter what is going on with the shell as their inventories will be loaded with T1's from idiots selling to them. The market controllers are in the business to make money. They will lie, cheat, pump and steal as much money as they can from disadvantaged investors... That's all of us.
Do you feel that..... that my friend.... is the feeling of paint drying!
It is like watching paint dry.
Any news would be great Tad... What the hell is going on...Tell us.
Somebody pocketed about 15 bucks, good for them.
Longer this goes without news, yeah.
Reduction in restricted shares-
761,919,904 2/22/2024
761,994,904 2/21/2024
It looks like 1s are attainable now? 15,943,543 shares traded twice within 8 minutes? That seems strange.
Still looks about the same to me. I get a nosebleed when the SS gets up there.
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