Plandai Biotechnology Inc (PLPL)

[Iwasbornpoor]

When the traders are the ones spreading the news and not the company, the stock begins to fail

[torontoasian]

Pretty quiet in here.

The bulls are watching from a distance

[Iwasbornpoor]

Enough said

[bri123]

Correct. New owners of publicly traded companies, especially when done as a reverse merger, will quickly figure out how to use it as a piggy bank. We haven't seen dilution yet due to the time restriction on new owners dumping shares, but it will happen.

[Iwasbornpoor]

Did you say they have no clue?

[bri123]

Merger is done and approved on this one. See OTC filings. New owners listed. But, because the new owners have never run a publicly traded company, they have no interest or care in putting out news, as they have no understanding of how these things work.

[Iwasbornpoor]

How long does it take? Did you said finra approved the merger?

[bri123]

No, it doesn't. The merger is defined in the filings on the OTC website already.

[Iwasbornpoor]

It takes FINRA around 6 months to approve a merger. How long has it been?

[bri123]

There was no news from the company last week. A pumper caused that.

[DR. EVIL]

Pacific Rim companies don’t play the press release game. For good or bad.

[Iwasbornpoor]

News was last week and buying stopped.

[bri123]

C'mon, - news please. Any day would be great.

[Iwasbornpoor]

I was just agreeing with wolf zombie. My time with people have taught me the brain is in dark room in the skull and talks about itself before the outside world

[torontoasian]

Lmfao so negative emo. You need a get laid or something. Super dark mood

[Iwasbornpoor]

You are right people are dumb and some people are like animals and the walking dead

[zombywolf]

Plenty of tickers at that level hit pennies. All peeps are morons at birth, and some stay that way. Take the hint.

[DR. EVIL]

Your mom likes it.

[Iwasbornpoor]

Anyone ready to buy .0002s?

[CashCowMoo]

nice try. still over 5 billion shares in the float. 5…..billion…

[zombywolf]

Morons are us? Look at a new one that can't understand the difference between restricted and unrestricted shares

[Iwasbornpoor]

Sounds like the stock is going to tank

[DR. EVIL]

Your mom liked it

[CashCowMoo]

wow, 1990s jokes. Good one.

[DR. EVIL]

Your mom told me last night that she did.

[Iwasbornpoor]

They sold by now

[CashCowMoo]

44 BILLION shares outstanding? How many here have bought into this crap?

[Iwasbornpoor]

So what did A.i say when you plug in plpl numbers.

[times3]

Math yes
common sense there is none in the OTC

[Iwasbornpoor]

This is math. Common sense

[times3]

A.I. will not be used in my world

[Iwasbornpoor]

If you dont know you can ask A.i at this point. You can even plug in all the numbers and see what chatgpt says lol

[times3]

That was interesting, I guess we will find out in the future

[marylandstockguy]

Interesting. I guess the supplemental information on change of control has some retail intrigued.

One note that interested me was "Preferred Series A shares subsequently cancelled and 80% of common shares issued in lieu of preferred shares."

Is this just saying that the preferred shares became the restricted shares that we see in the OS? If so, is there really that big of a difference? I guess you can sell preferred shares at any time?

[times3]

33 mil in the first minute

[torontoasian]

We about to get our spotlight 🔥

[olico ™]

Exactly

[zombywolf]

Now that the merge is confirmed, how about telling us what we have?

[olico ™]

Filing out!
https://www.otcmarkets.com/financialReportViewer?symbol=PLPL&id=405464

[Iwasbornpoor]

I said the dumping began back in early may. I told everyone to stop listening to the pumpers because they were selling as well.

[marylandstockguy]

That is very possible. Who knows? That's why we all should do our own DD, risk within our means, and not care about what one person (who we can't even see or meet) thinks.

[bri123]

Or he dumped his shares on the pump.

[marylandstockguy]

Maybe he’s in hibernation? He did say wake me up at 1,000%. At this pace he might be Rip Van Winkle.

[Iwasbornpoor]

Yea

[bri123]

Is that Twitter pumper guy still on vacation or something?

[marylandstockguy]

I feel like we're in the dead zone. I hope the OTC has a rising tide lifts all boats moment in the not-too-distant future. This is getting pretty boring on the whole.

[marylandstockguy]

We should just bet the opposite every time.

[marylandstockguy]

Haha I hear ya! I think we all do, to some degree, in some phases of our lives. Some of us are just more willing to admit it. Kudos to you! We learn from failure - how else can you ever improve? Kudos brother.

[boston127]

I agree 100%. Pretty simple.

The only caveat is the large AS and OS positions. Let's hope the company does something about that.

[bri123]

I must be working on my PhD. in Murphy’s Law apparently! Whatever I think will happen, it always seems to be the opposite!