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Correct - and I already discussed Cruzani (now just doubled their OS to 40 billion yesterday) and Icon Media (20 billion AS), both trading higher.
So there's that.
Well there in the lies the issue for you. This shell is just that. It's not a company. Nothing is going on so why would a custodian who has been granted the shell to clean up and sell, try selling a shell for $5.5 mill? That would be a ridiculous upcharge by whom is cleaning out the shell.
So no. There is a fee the custodian charges for doing all this work which was worked out behind the scenes.
Lastly, we have no clue what company could merge into this shell. Could it be a little bit of a jump to say $10 - 50 million, yes, doesn't mean it can't be.
Additionally, this company has a net income of $12,300,000 roughly. So this ticker is already undervalued.
Has the share structure been discussed? The A/S looks to be 11 BILLION shares:
https://www.otcmarkets.com/stock/PLPL/security
The float is over 5 BILLION
& if you take the REAL PRICE (of $0.0005 today) you'd be looking at an imputed $5.5mm valuation. You used to be able to buy a clean shell for around $400k back in the day. It seems that this is ~10x higher that it should be...
How is this NOT already overvalued?
Maybe my math is wrong,... or I missed something. Please don't say ANYONE knows that a $10 - $50mm company is strolling in here. And how on God's GREEN Earth do they avoid a R/S here, when the NEW company comes in?
Yup agreed. Let's face it - there are no experts on the board, either naysayers or bulls. We just don't know what's going to happen, but 100 percent that there's great possibility of big gains from here - IMO the rewards outweigh the risks, so long as you don't get in over your head. If you can't max out the amount you're allowed to put in your 401K each pay check, don't buy any individual stocks, OTC or blue chip IMO...leave it to the experts. That's my thinking - max out everything you possibly can in 401K - if that means $1,000 a paycheck, do it. Never, ever deviate from this path, and you'll be set. Then, if you can put extra towards the principal of your house and pay it off 8 years quicker (which you can do by paying 1 extra payment a year), do that. I had a solid financial advisor years ago who stressed these two things. THEN, you can have some fun with individual stocks.
It just seems if you're not saving big for the long run, you become dependent and frantic with these kinds of plays, and that's not a great place to be. You want to have social security, a solid 401K you can take money from monthly, and a pension if you get one, when you retire. If you can strike it big with one of these plays, great! But if you don't, that's ok too if you're just smart otherwise. I just think it's the safest path, since none of us have a crystal ball and know what will happen with any OTC, much less a blue chipper. Who knows even if Netflix will be good in 10 years? Look at Sears, K-Mart, Circuit City, and so on and so on. Things change over time.
I see rookies still chasing this falling knife...Never chase a pump and dump when is going up and when is going down wait till it settles..warren buffet
Nope that was MM transferring shares those 000395 will be dumped at 0004 today on retail ....0003 are getting close
No one has been able to buy at 4. That is why the share price is a misnomer, Peeps think the share price is what you can easily buy at. You may see some sell there, but it doesn't go to retail for buys.
These so called experts miss the fact that all these pumped merger tickers were bought by the smart ones in trips. Those smart trips buyers made the 10 bagger money, not the 2-3 tics by peeps right now after the rumor got out. That is the opportunity here.
Do they really sell to peeps at .00395???
When my order is for .0004????
Why not just sell to me at .0004
I’m willing to pay it?
I see it as trying to make the stock look bad
Ohhhhhhh it’s in the 3’s scary
Of course. I have been holding some stocks for years. But we won't be waiting too long here. That my thought. You don't work that hard for a shell without having multiples.
Yup agreed we’re stuck for a minute
No, not throwing in the towel just buying dips on a runner. We are going to be at 4 or 5 for awhile. That was 1 order the other was 16 mill no biggy.
Kinda what I’m thinking. I can’t see .0001 because that’s 773k market cap but I guess anything is possible. He must have been desperate to get out at loss. Eventually could have sold at 5 you would think. But that’s what makes me think there was serious fear of losing everything which is a common fear. This goes back to the original point - bet within your means
I can't believe that guy can't wait for another R/M coming soon. I bought at 0.0005 waiting for New R/M. if it went down to 0.0001, I will buy more and wait.
The guy sold 28 million 4s presumably at a massive loss. He’d have to buy at 2 to make out. Could that happen? Maybe - but the presumption here is he threw in the towel
I hear ya! But again willing to wait 3-12 months. If you gamble within your budget that’s doable. If you wager way over your head we see sells like we saw today
There are assumptions that people have to hold for 3 months. There were multi0le companies involved and stated. $6.9 mill was wiped not including interest, plus a bunch more. That doesn't just happen everyday.
Buy at 0.0005 and hold on without risk to make big profits near future
If that guy hold on 28mm shares for another three months, he can make big money.
Not when your buying dips on a runner and can come back and buy 4,s or 5,s next week.
I'm with you bud. Sticking around for the audit results, etc. AS remains at 11 billion. I think Cruzani just had a rise in AS and that's why it's stumbling today? Even with an OS and AS both higher than this one (already, before the news of more AS), it's higher in stock price even with today's slip. That makes this, IMO, a good calculated gamble.
Love the tactics. It's the loading zone here. There is a reason a 400 mill bid sits here. Anyone this morning knows they wpuld have gotten 6s, but this group slapped it down and put up a huge ask. Textbook. Obviously people have to do what is best for them, but this is the loading zone.
?????
I've taken losses before.. why have dead money sit there when you can make your losses back on something else.
Sad to see people buy that much, then sell for such a big loss. Probably shouldn't get in that much to begin with unless they've got F You money.
Can you believe someone dumped 28 million at 4?? Wow...almost certainly lost some big coin there.
The problem is it could be months before they even get another acquisition and we all know the amount of patience the OTC has ..
Carjockey!!! Yes, The same way this stock went down is the same way it will recover, on a real finalized merger which I believe is coming. I know they say dont marry a stock but right now I am engaged to this play and will only break off the engagement if there is no merger.I believe Tad even though many say he has a shady history like 95% of OTC CEO's.....Tad is now quiet and working on something big. He is not going to announce anything until its done. Those with an ounce of patience will be rewarded. If this is a medical stock get ready for the fall season because this will be the big fall play. Monkeypox is getting worst and there is always that medical play that runs with the market....
Interesting...could make for an interesting start to that trading week on Monday.
Huh..lol
No it's not...
Lots of Runners out there.. this is going down because the acquisition was canceled..it's as simple as that
That guy should never hope to bet on horseshoes for as close that BS is to the real O/S.
Unfortunately this is going straight into the ground…..entire market is on the cusp of collapse because of China and Russia…
its nearing 10Billion O/S fail pump after fail pump did this
In what world do you see that? Please indicate in where a random 3 billion shares came from. I'll wait.
O/S is nearing 10 Billion I doubt next run it leaves the trips carrying that much weight
That is why the current OS as of 8/3 is unchanged. We all know you are trying to fill on .0004s. Not realistic to get filled any lower.
Cant wait for the next O/S update probably 10 Billion now after last pump with this s/s plpl is only good for quick flips not for investment
Tad was working on the PCAOB financials as of a little more than a month ago and I think he is positive with getting it done by the 15th which is the day they are required.
Days weeks months years
So how long do we have to wait for any updates. Filings, news, etc. Months....????
Should have done a little bounce based on techs by now the fact that it hasnt should tell you how badly manipulated this pump and dump was
Ok, I’ll bite.
What are you expecting then?
Keep making up stuff not in the post.
Lemme get this straight…
So you think that after the previous deal dissipated (assuming there ever was any real deal, which is questionable given Tad’s history), you think another deal would be ready to be publicly announced a month later?
Can’t wait to hear your excuses when it ain’t
I am expecting more than Q fins on Aug 15.
It's a real Greek tragedy honestly. We are going to start to see smacks on 5s and 6s quick as we get closer to the filing date for SEC documents. Hopefully they get that done in time and than hopefully thereafter we learn of a new company.
Yep, it sucks to be Tad to have offer a clean shell that is debt free, audited, SEC registered with a $12 million surplus to someone. Sucks even worse for peeps that have to buy shares here at this price, having to figure out where to put all that 10+ bagger money when the real deal comes.
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