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QTRADERQ, with your PLPL research...
You might be correct, but I believe now it doesn't matter here with PLPL due to the PR recently released to terminate the Non-Binding Letter of Intent (LOI) to license the exclusive rights of the Puriblood technology.
I'm guessing by the additional comments mentioned within the PR, the management do have a plan to move forward to better prepare PLPL for something coming in here in the future:
Exactly - oh Jessie - we hardly knew ye!
She will forever remain a big mystery to us. :)
What annoys me is there is no brief explanation as to why the company didnt want in. Just would be nice for a brief explanation.
Open yer mouth
Holy cow....we're screwed. I hope they have something else in the pipeline. Now this may well go to .0004 like people were saying. If it does, is it worth a buy there?
The question is why? Did they see something in Chiang? Or Vice versa?
Is it possible/legal for Plandai to resume talks after an announcement like this?
https://ca.finance.yahoo.com/news/plandai-biotechnology-inc-announces-termination-040000180.html
Gm my bro. i would advice you to come on over to you know where ASAP dont wait bro. time is money,things are about to get nuts over here so come on over my bro.
#PLPL: LOOKS LIKE A CHANCE TO REALLY LOAD UP...
#PLPL: CLEAN SHELL FOR SALE...!
https://www.accesswire.com/709856/Plandai-Biotechnology-Inc-Announces-Termination-of-Non-Binding-Letter-of-Intent
"Clean,debt free,public shell.. imo.. highest bidder..."
SAN DIEGO, CA / ACCESSWIRE / July 27, 2022
Plandai Biotechnology, Inc. ("Plandai" or the "Company") announces the termination of its non-binding letter of intent dated May 23, 2022, with Ms. Jessie Chiang, license holder of the worldwide rights, exclusive of Taiwan, of the Puriblood Leukocyte Reduction Blood Filtration System. As previously discussed in the Company's May 23, 2022, press release, the Company and Ms. Chiang intended to complete due diligence to reach a material definitive agreement whereby Ms. Chiang, through entities she controls, would license to the Company the exclusive rights to the Puriblood technology for North, Central, and South America for a period of 30 years. Upon closing of the proposed transaction, Ms. Chiang would have acquired a controlling interest in the Company and would have become the Company's Director, President, and Chief Executive Officer.
Plandai is continuing its evaluation of several potential strategic opportunities to bring value to its shareholders. On June 20, 2022, the Company engaged Hudgens, CPAs to conduct an independent audit of its financial statements for the years ended June 30, 2022 and 2021. The Company intends to file a registration statement upon completion.
Contact
plandai@protonmail.com
SOURCE: Plandai Biotechnology
Loi officially cancelled, read it in the news. Might sell my shares.
Very sad what took place here. Non binding LOI is always dangerous. Good luck bud.
You were right with your assessment that we should not focus on the PLPL / Puriblood Deal any more and shift our focus to the fact the company is cleaning up the shell for "whomever" to come in. I also noticed Insiderfinanical last cover article on PLPL, their tone was shifting away from the PLPL/Puriblood Deal.
I mentioned this also last week. I was prepared for no deal especially after so many contacted the company with a harsh sentiment:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169474421 (<<<<----Read Here)
I had a feeling that this deal was in Jeopardy when some started contacting the company with a threatening tone demanding answers sounding violent in emails. I knew right there this deal was going to be hindered. This happened with another merger play I was in. Traders were impatient contacting the company and even yelling Scam, Scam, Scam and the potential merger candidate bailed out the deal. This is why these companies need to stop announcing these potential LOI's. They just need to announce when it is done. I just hope going forward, if when the company land a deal they dont announce until its done. No more LOI's and agreements.
We will continue to fade until real news hits.
The run started with LOI. The good LOIs/agreements always keep making direct or indirect news as people get to know the other side, their businesses and or further progress in the form of deadlines for doing due diligence, audits, required share structure changes, stuff like that. If that keeps happening, you know the ball is rolling.
If after weeks or months of LOI, there is no further developments or no direct indirect news, in most cases, you know it’s dyeing slowly. Experienced traders know it and that’s when the veteran traders slowly move on. All the signs are here already. Some sees early, some a little late. Not saying it’s done but nothing is helping the cause either.
With 7 billions o/s shares and being a shell meaning without anything going on, it can easily go back to 3/4 range. Just a matter of time.
Hope they release something to keep the hopes and dreams going!
DYDD!
Ha, nice!!
Give me that binding LOI please......
Has anyone corresponded with Chiang? I mean the loi was public, so maybe some investors made an inquiry as to whether or not the deal is going well. I am uncertain of insider laws, so don't know if anyone can ask or not.
Tried to give them some volume today at .001, but noooooo, lol
Gotta wait for that binding LOI and volume...
This stock is stubborn…won’t budge from 11.
Thanks Truth but I know you've done tons more DD on this one than me. I'm just banking on probability based on the positives. I'm hoping that these positives within the past 2 months lead to upside in the stock over the next 6 months into the new year. I think so, but there's never really any way to know. All of us here are just trying to make educated guesses. I know you're very bullish here.
Great post and DD........
I hear ya - tons of question marks. We don't know about the LOI and what may happen, plus recession risks. We can say that wouldn't necessarily affect an OTC stock, but we don't know that. This is OTC land anything can happen. I think that's why we see so many pros on here trying to bring the stock down.
Very good points
Myself just holding and adding when I can and think this will do very well
But the whole OTC is running kinda flat right now, but seriously think come around September going to see some major life coming back
JMO
Just keep in mind the AS is 11 billion - about half as much as Cruzani or VG Life Sciences by comparison. Both of those are 20 billion - and VG Life Sciences is a huge question mark - what is their OS and AS? When's the last time they had a PR, a year ago? The OS and AS haven't been updated in a month. This one is continually updated, and at least has an LOI with other opportunities outside of the LOI, cancellation of fine by SEC, annual report in, and so on. So could it go to .0004? Sure....but that would be back where it was about when the LOI was first announced, and before the SEC cancellation of fine. I wouldn't necessarily count on it to head right back there - that's a $3 million market cap with all of this news in play. That's something we might see with VG Life Sciences were it at .001, since it has no news and zero transparency.
Only Tuesday, but LOVE how we are trading here.....
reference my replied post......See where we are this Friday EOD...very bullish so far into this week.
"IF this trading action continues like this all next week(even without news)....tells me something very good is coming very soon.
I will tell you why next Friday if we hold par here..."
MANY PENNYs COMMING
Shhh don't give them any ideas lol
But true that would screw up any runs
Hopefully they dont bloat the float to much or it gonna be to fat to move next pump
If it does get that low will be awesome to load up more
Remember - FDA Approved (Puriblood in Taiwan has a market value of $65 million. And they only have Taiwan. $PLPL has all of North, Central and South America)
This is the only trip Im willing to put 30K$ but at 0004/5 range
by that time this will be trading at 0003/4
Good morning PLPL$$ Going to start some today
What gave you the reason to buy in the first place? It's an LOI, it taking longer doesn't mean it's not going to happen and vice versa. But that's what happens when you get in these. Very specific post it seems to say outloud that weakness is a main stay.
I'm still anticipating news, but starting to wonder if the deal isn't going to happen. I Might be safe to sell now, because that loi was the only reason this stock was up, however I'm just going to hold, but it's tough, knowing most loi's never happen.
I have been quietly scooping shares here $PLPL
THIS APPEARS to be a quiet period in play here where it’s essential that pertinent info remains undisclosured until the material events are allowed to be revealed publicly.
Many times quiet periods are 30 days or 60 days and sometimes they are completely arbitrary.
I have added 10-11 here slow and steady in anticipation of the REAL breakout of this stock after the retacement and head and shoulders feel of the current chart. I will continue to add as I likely have 1/2 to 3/4 of what I would Like here ideally.
Interesting there is another play closing their merger this week and they also dropped merger news in May 2022. Go see IF*fy....look the news up on OTCmarkets.
Once you finish reading the pr you will see it sounds a lot like PLPL May 2022 merger pr. It seems like the norm is officially closing these mergers about 2-3 months after they are announced. Going to be sweet when we get the next update here with PLPL. They been too silent...something going on....
It’s been over two months for non-binding LOI. There must be some progress report by now.
If a deal is made it will run, think most in the OTC are just waiting for something actually concrete. Not how most of the OTC CEOs are being holding up empty carrots and break shareholders trust. But if a sincere concrete deal is made then yahoo it will fly
$$$PLPL$$$ Grateful for the 11's I grabbed today. $$$
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