Tad KNOWS a "pumpable story" = $$$$$. His history proves it.
IMO the ONLY reason to announce a reverse merger before it's approved and finalized is to immediately start the pump-and-dump. EVEN IF he's not actively issuing pump PR's he apparently has no problem taking calls and passing on info to others who will do it for him on public forums like this one.
I personally think Tad is doing this as part of some backroom, quid pro quo deal he cut with PLPL's old toxic convertible debt holders. Just a suspicion I have. Since taking over he has issued almost 8 billion shares to them. Had they not agreed, they could have legally compelled PLPL to issue a virtually endless amount of shares in order to "true up" the remaining debt they were owed. As each new 9.99% tranche was issued and dumped the PPS would continue falling resulting in the "death spiral" such toxic financing is notorious for.
Here's why these toxic lenders likely agreed to accept Tads deep discounted lump sum share issuances of common stock
In March 2023 Tad filed two SEC disclosures for PLPL quarterlies dating back to 2016. Check pages F-15 thru F-20 and beyond to see all the toxic debts racked up by this ticker by the crooked ex-CEO Roger Duffield. As legal council Tad had to be well aware of this "payday advance"-type activity. Duffield took the cash in exchange for lenders having the legal ability to fleece investors for years to come.
Again... Tad is clearly not so incompetent that he can't do basic DD on merger partners. Yet he apparently didn't even do a cursory credit and bankruptcy check on Ken Patel ...or maybe he did and didn't care because Patel was more than willing do the pumping. Who benefited? Obviously not current bagholders who bought this turd on it's way to .0017. Maybe, just maybe, Tad was holding up his end of a deal those mentioned above.
THANK U !!!!
I didn’t realize this makes my 20 milly shares worthless !!!!!
I will just buy more at .0001 and average out :)))))
Plpl will merge eventually
You 10 days ago--
August 1, 2023 - 3:15 pm
SAN DIEGO, CA / ACCESSWIRE / August 1, 2023 / Plandai Biotechnology, Inc. ("Plandai" or the "Company") (OTC:PLPL) announces today the rescission of a material definitive agreement with Good Salt, LLC due to the material failure of consideration in the transaction.
The material definitive agreement, which was initially entered into on May 16, 2023, outlined the terms and conditions for the acquisition of the Company by Good Salt. However, despite diligent efforts and ongoing communications, conditions subsequent to the closing were unmet, and essential considerations were not settled.
As a result, Plandai had no choice but to initiate the rescission process. The rescission will render the material definitive agreement null and void, and both parties will revert to their pre-agreement status.
Plandai's CEO, Tad Mailander, expressed regret about the situation, stating, "It is disappointing that we had to resort to the rescission of the material definitive agreement due to the failure of consideration. We had high hopes for a successful transaction."
The Company's decision to rescind the agreement was approved by both a majority of the Plandai shareholders eligible to vote and the board of directors.
In light of this development, Plandai will evaluate its options moving forward and exploring alternative opportunities for growth and expansion.
RS or bump the AS likely first imo.
Share Structure is a shit-show.
There are plenty shells out there, not sure why a knowledgeable RM-partner would give $PLPL much of a look.
Or, maybe Tad will try to lure yet another unknowledgeable partner, or maybe another scammer like Rick who posts on the board to pump the stock while paying another group (DueDiligenceDouchebag) to do the same.
Looking forward to more shenanigans here, I think its going to be fun to watch & speculate.
Maybe even a money-making opportunity... we'll see.
Are we still bio planet??? For real?????
I understand the need to speculate that the shell is not the problem, i just can not say that for certain, but i have spoken with Rick at Byoplanet multiple times and i'm sure he wouldn't agree with your source's assessment. And unless Tad decides to speak through other means than a "source" then it's he said she said (or Rick says, Source says) at this point and i can only hope Tad comes up with something down the road to move this ticker and given the last 3 all trended down in the high point they hit, with what you yourself actually called "The only serious merge was the last one." being the 3rd one and the one with the lowest high of all 3 (.0011), so it is would suggest that the next may not take it out of trips. But we shall see.
The first merger had nothing to do with the shell. The woman involved was way in over her head. EV had nothing to do with the shell, merger never even got off the ground. The only serious merge was the last one. Reports from those that were connected to Tads side said the shell wasn't the problem. Same sources say a deal is currently in the works.
I was just thinking this was bottom. I'm not sure what to think honestly. Will Tad find a new RM partner, or is that doomed before it even begins at this point with 3 failed RM now. It would seem that if you fail once it could be anyone's fault, fail twice and it might be the shell that is the issue (Ken from EV was a clown so that one is a toss up) but then we have a 3rd failed RM.....so I am thinking that Tad/this shell is the issue. Hope i'm wrong or hope Tad can pull at least one more candidate so i can get away from this ticker before it goes to Expert market.
$PLPL - Buys at ask 4 to 1 vs sells at bid today. Another good day and sign for those that are actually shareholders of this stock.
There is definitely accumulation going on here. My guess is a new RM candidate is going to be announced.
Plus he's juggling upcoming converts I believe.
I've lost track of specifics, but I believe we'll see filings for either an R/S (best case) or he'll have to raise the A/S instead.
No idea on that timing, but LONGs are gambling he'll pump another RM first.
And maybe he will, who knows?
Tad has posted nothing on OTC since 5/17. With BYO gone there's no reason he can't dust off his last quarterly without all the BYO baloney. However, IMO he's going to wait till Sept 30th to disclose/ update because OTC will again deem PLPL a shell instead of a "shell risk." That's because the latter looks slightly better.
If true, why less than $4K traded?
We will see. Maybe news?
I too am intrigued by the potential change in old debts. But it could be that dose of intrigue-anol i just took. The fins will be interesting though.
Ok 1 or 2 years from now ????....and that assuming Tadd dilute 1.5 billions at T1 and then declares a 5000:1 R/S... Good luck with that
Where have you been dude?
Tad has six weeks to file quarterly disclosure. If there's been no effort to to clean up ALL toxic debts then any new merger will likely be doomed as well.
staying in this long proved more foolish. and if history is any indicator, puriblood > high of .0021, EV > high of .0017, last one (which looked the best imo) > high of .0011. This shell, according to Rick wasn't easy to get through and FINRA was not helpful. I'll watch, but Not having an exit plan is foolish. hopefully it screams past trips, but i have my out planned, you plan the way you feel best but i've shed shares during all 3 of these RM acts and the puriblood taught me and EV i capitalized early and I'm thankful for that. On this one i really thought it was gtg so i held on longer because it was binding but that did not matter. I shed some loses held more that i should and i paid for it, so exit plan in place gltu
You might want to wait and see what Tad brings next time. The candidates keep getting better for a merge. Making plans to get out before you know anything is foolish, imo.
i guess the positive here is maybe 2 is the bottom, if you can consider that a positive. there is a huge wall on the 1s, maybe Tad puts out another candidate so i can move out the rest of my shares....goal, .0007, that puts me slightly in the green after commission and taxes. I might even consider trimming my average a bit with these 2s. glta come on Tad lawyer the shit outta the next candidate, lol
How can you make that statement?
If it sounds too good to be true, it usually is. Again even if Tad does offload this POS on somebody, they'll still have to contend with the toxic debt and bloated structure. And no one who currently owns shares will see any benefits. No one on this message board affected the stock in a negative way. No one.
"...No shortage of morons out there, that's for sure...." LOL
What’s even more ridiculous are the “unpaid bashers”
What will that be after the R/S?
awww, MM's cleared the T2 bid and got a poor ba$yard to put up 5m shares at T2 making the T3 bid disappear. They will let T2 build up then add all shares to their collection, in one quick swoop, because no one is moronic enough to sell T1's of a shell company.
Obviously the deal is dead...just like the two before it. That's not the point. The point IS that ALL...100%... of this info existed prior to this latest reverse merger announcement and was available to anyone willing to look for it.
In short, PLPL still had/ has problems and Rick was selling off millions in recently acquired stuff he apparently couldn't afford when Covid receded.
Blind pumpers lost yet again while doubters and critics lived invest another day.
Kool-aid, you're beating a dead... That deal ended weeks ago. Next...
IMO Tad and Rick both misled each other. Tad issued statements that PLPL had resolved its convertible note debts and stated the financial were audited. Obviously both were not true.
IMO Rick, on the other hand, attempted to mislead everyone with his "independent 3rd party valuation" of Byoplanet by only including the dates when his business was booming due to Covid. The value then was used to extrapolate future growth based on a cherry-picked time frame. In this interview from Nov 11, 2021 Rick stated--
maybe in 2021 this could have gotten to copper, but not in this OTC and not with 3 failed mergers. I'm hopeful Tad can prove he's not a conman and pull one more merger together so i can exit. I just hope the next CEO isn't an idiot and starts talking RS right out of the gate. Hell i don't even care at this point if the merger gets finalized, just give me an exit point on the remaining shares i have anything more is a blessing.
Probably 100% right.
I was looking forward to those audited financials...