Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The other plus and minus
After being inactive for so long there are few common holders active ... And the company mgt based on history is not a strong marketer of share / company opportunities
So on one hand no one knows ... On the other no one knows ... :)
The tree is falling.... But no one to hear
im looking to see it get support above .0125 on bid with some size...that would tell em we have some real support and have multiples in front...don't like playing with trips going off for $100
Sobek
love your disclaimer - all should carry one given the vitriol that happens at time on the boards.
I have held for some time based on mgts claims to insert a company after the Plad dud.
Until August the set-up was OS of about 7 mm and float of about 2.5mm. Issued was 900mm.
Looking at the numbers and the way they are working shares, along with the claim to not dilute, it looks like they have issued these shares for transfer of control and then retire then as part of process. The ownership will come through the restricted classes I imagine - as well as the private placements to follow.
In short it means we may verywell wind up close to where this was when it began wouth under 10mm out and a float of half of that...at least effectively at the beginning.
We shall see via the trading - if this is so we could see a move to several cents and still have a 'real' projected value of only a few hundred k.
hard to tell....but could see this at .06+ without much effort - just a guess since this is so in the blind
Another tell will be how much comes in via new partners - if no interest then common is less appealing
If you pull out the shares to be retired then you wind up close to where it was post RS.... 7-8mm out and float of a few mil
No way to know how this plays out and who owns... But if a real company with earnings and a tight float and OS.... We could see a huge run here
That is the most interesting part of this....
Item 4 Issuance History
The Company issued 80,000,000 Free Trading Common Shares to Ian Reed DBA Investor
Development. The Company has a verbal agreement from Mr. Reed that the shares will be
returned to treasury.
The Company issued 800,000,000 Restricted Common Shares to one Individual. The Company
is in the final stages of an acquisition and has entered a Letter of Intent (LOI). As part of the
terms of the Agreement these restricted shares will be returned to treasury
If you have followed this the company issued 890mm only this last month...prior the outstanding had been about 7mm
It is a little confusing - the issued was always high...but the OS and float was low.
But to credit of mgt they release the following comment
Private Placement Memorandum
PLAD, Inc. will be offering a Private Placement Memorandum to Accredited Investors to raise funds for
the Company. Management feels this is the best way to raise funds so its shareholders will not be diluted.
The Company has no current plans to raise funds using Free Trading Shares. The Company will use funds
raised to develop additional products, acquire additional subsidiaries and help grow the Company to
increase value.
The Company has entered into a Letter of Internet (LOI) with a premier Hemp Company. Once the fifteen
(15) day due diligence period is up there will be a final Agreement put in place that will include a name
and symbol change to better reflect the Company’s new direction. Also, Mr. Scott Forsythe will resign
from all positions with the Company and return all shares to treasury.
Have to say....
feels scary....be nice for them to inform shareholders???
???
Then just sell!
I mean if a few shares and no hope get your few bucks.
I still reason that
they have to get to pinks twice
Could not have benefitted from run ups, or dilutions in a substantial way
Went to the trouble of seeking resignation of Plad mgt, restoring pink, and announcing mission to merge up.
I agree there decision making is sketchy... Results 0, and a loss for all to date.
However we have a cap under 50k.... Easy to see a move to cap 5 , 10 X that with modest acquisition
So I hang in
Why would you say that?
You think nothing can be done with a shell with good structure?
Still write off losses - but create opportunity as well
I agree, considering history, doubt they are interested in anything phony or fluff
Just was noting the strange trading , albeit very small $.
Hard to know what is going on
An after hours trade of 60k... No news or update... Last few weeks ...Tiny flurries of trades ...
Not dead ... Not alive.... Unspeakable !
Seriously - wtf!
Bio-Mole
Empty stocking
Where's the Char
Mollification - torrified assets
I think the current group was involved with how it was restructured... Probably moved some debt off books to something else.
But that is my point... Since that time... No one has made money... There was one short lived run up in the briquette era... But not enough for anything serious.
So my remaining hope is that the mgt ( if they are there?) has a reason to succeed
How many shares do you still have.... Been killed through the RS...
I don't know what to think....the mgt invested in getting the last PS green listing ... And imagine still on the hook for the Plad and earlier deals.
No one has made any money here for years. Not even any pump runs.
As depressing as that is.... I think they need to build the shares to recover investment
But uncharted waters... Mgt is silent... No news, no public updates
agree with the tired
of yet another run with no substance apart from one person's claims.
Should be easy and in everyone's interest to give more substance that this is not yet again another bait like the european client that was milked for a year
Sorry I am not on the Trump bandwagon....he is also a liar, a self serving business guy who no experience and a panderer of conspiracy. Yes the doors swung to state department for the foundation...but the foundation actually DOES do a lot of good.
I am not happy with the choices - but Clinton is heads and shoulders above the bouffant Trump
but I digress to good to hear from you!
Amazing we see this release the days after a RS.....incredible
Part 2
1-2-3 years past, we heard the same utility interest deals
Just ask- who, where is product being produced ?
Is ANY independent verification available ?
Happy to see a green tech thrive , but after losing 3 times .... On SAME pitch... It's on me
Wow .... How many holes
Sorry / if / his IF / any of the release was substantial , then there would be some means to do diligence. Or a counter party would be noted or release .
Really, if vgpr actually had a production plant it OWNED, and product sold anywhere ... It would be front and center on its and others sites.
That Bobby suggests that all the dilution prior to THIS RS was immaterial to mgt is Trump like statement
Y
Great!
Except for all those left behind in the RS
Shares dilution
Look at the last two financials
Common Shares Authorized: 500,000,000 (as of 12131115)
Common Shares outstanding 113'607,580 (as of |2131115)
Common Shares Authorized: 1 ,000,000,000 (as of 3/31 /16)
Common Shares outstanding: 494,607,580 (as of3/31116)
There was NO notice to shareholders that the Authorized was being doubled, nor that the OS was being increased 4x.
This of course accounted for all the trading - that went into the company's hands producing nothing for common holders
This doesn't even go into the other 'restricted' and class shares awarded and issued.
Wonder what happened between 04 and 07....how many more hundreds of mils....
Truly amazing
the goal here of course is to drive out and make worthless all holders....there is no business value plan to drop in here, no benefit to current holders...who held after last RS.
There has been no accurate reporting so there is no way to even know if whatever current share reports come out are not loaded with class b,c,d , xyz all with 1000 to one redemptions....
I think at some point a suit against FINRA and securities authorities for not even fulfilling the most basic diligence and allowing an operation like this to dupe and con unsuspecting marks.
Now there can be no one left with anything less than a fraction of a share...the new pump will begin with (they hope) new investors.
For any who see through this - continue to post
What is amazing is if you emailed the company he would likely try to blame 'posters' for the problems....just incredible
This co is really the worst of the worst.
What is tempting is
At current share structure with est 7mm OS ... An even small company of 1mm would see a value of .08-.12
Even after some issuances still could be an interesting picture
The due date is somewhat amorphous...
The lawyer letter which out shortly after the 'resignation' was towards the end of May.
So I hope we at the very least we get some word of update / or result by end of next week.
There was a little buying last week...but bid is weak...i will look to dive in if this tightens up.
Right now till floating....but this could...just could...be a big mover if the float and outstanding is close.
Next week the 90 days are here....
Hoping they either update or do the RM they said....
Share price suggest nothing close ... But move to get s word
Well that is sort of grim....
and obvious.
feel we are kind of there now....we are in no word land...no release...
I agree we are likely to hear only when/if something serious to say...but also hoping they have a team that will be able to generate more interest than the PLAD team did....even if good news and a deal wont go far unless there is $ behind it, revenues and common share stakeholders.
A little activity last days....but no real $ so could be at .006 or .02 with little meaning...
Teetering....it seems we should get some sort of update
We never got a formal release of mgt transition and had to find this on OTC
Business Description
All Officers and Directors resigned from their respective positions with PLAD, INC. a Utah Corporation. Leaving Mr. Forsythe as the Sole Officer and Director. The current management team is currently in negotiations with several companies to merge into the public company, which will result in a name and symbol change. The Company has just begun negotiations and is hopeful it will have a final candidate and fully executed agreement within the next 90 days.
This is towards mid end of May....so date is coming up in next 2 weeks
What i referenced was
re NITE - "he is always in the know"
and "this is how they communicate"
the core substance is the history of Molin and his claims and actual
The reality remains - any who put money here are blind - no way to know how many shares - literally hundreds of Mils have traded outside the reported
A security that is down must go up is also insane (with all due respect)...look at the history , er graveyard of PS and that simply is not true.
In this case yes there have been runs - but shallow with little $, designed for insiders only...there has been no substance to any news EVER....
Invest away...but i write so newbies dont feel this is anything but a scam at the core
yes i know a guy and he says "whisper"
wink...'plastics!
so you think because MM'ers are in collusion (as you imply) and are on the 'inside' (illegal) in a company with a bazillion shares out with no product and a CEO whho is a serial misrepresenter with NO product accomplishment is a sound way to invest?
Interesting day
A few trades on the buy side...
All a little curious but good to see the interest
Molin has often communicated directly with investors giving 'heads up' type inspiration ...
Beware - this practice goes back years... The news often doesn't come and to date in EVERY case it did... Turned out to be phony
Repeating my thoughts
The selling is likely not mgt imho.
It may be past mgt or new players gaming or walking away.
I think as long as they are in fact looking to drop in a real co- then could be significant upside.
7mm OS- we trade at 50k!
If the bring in a co with 3-5 mm and serious growth track then we could see a cap of 2 mm or so.
The math makes this a play on credibility.... Can the mgt that brought in PLAD do a better job - hit a home run?
Hard to say ... But may be worth a few shekels
Not sure this is CEO
Or team ... 300k at .006 does go far
It is my feeling this is other former holders - dumping ...
At this level doesn't make any sense for principals
Appropriate
Good to compare to VGPR
Trump bankrupted 6 company's , walked away of his own public co while the public lost 90%, won't show his taxes, has no public detail plans on any one thing except ' I'll make great fast'....
A straw man for angered voters fantasies but hollow and a tad unstable ....
All very much sounds like Molin & co ....
And the suckers and unfortunate trusting investors who follow
Well the the recents trades still are within OS reasonable limits...
We traded about 1 mm over last week , do not boundary breaking.
We shall see
This is my concern but also some possible answers
Past news releases indicated a issue with the self awarded shares that the FORMER vcor COB gave himself and others while under the Vencor name. The COB was the CEO of 'partner' company VGPR - which time has shown an entity with nothing except years of sketchy claims that never came true.
There was a release that PLAD's new mgt / board was trying to invalidate or rescind the self serving awarding of past shares.
One possible answer that these shares are coming free and being dumped - are they in the current float/OS numbers is unknown (even if this is true).
There are other possible past mgt holders who are no longer affiliated.
What I look to is the green investment 8 weeks ago...the lawyer letter...the lack of benefit that current mgt would get in selling now lower than they could have weeks ago...and the ongoing claimed effort to secure a meaningful RM.
The next days and weeks will tell a story....i bought a little more - but blind as to the current selling action - hoping it is a one off
I emailed the info number and got a brief response -
No selling by company , still on track with plan as written ( RM ).
No knowledge of reason for selling .
Working to create value.
Hard to assess , but for my part seems the low price might be an opportunity
agree - if this looks like all sorts of 'new' shares are coming in then questions....my question to mgt is how many shares from past mgt are not evident to a clear read of the financials
again trying to see the upside ...to dilute shares - they didn't need to do the RS...the only upside is they leverage that into news and real activity...and maybe even the rare situation of a real company...
positive but wary
To the last gang
I suggest that the shares dumped are NOT Mr. Forsythe's... He is the only listed officer and was the driver of the resignations and importantly the follow up investment is PS standing.
To think he sold a few hundred thousand @ .01 after investing much more in legal and accounting fees makes little sense.
More likely to my mind is this may be dumping by the preceding preceding mgt / Michael Molin of Vega ( previous COB that drove company into ground) or even the past Vencor holders.
If that is the case ( my bet) is that a RM is on - and at .008 represents a likely 10x plus move forward once it happens.
My hope is that they are taking these shares in...
OS and float
Outstanding Shares 494,607,580 a/o Mar 31, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 9,313,596 a/o Mar 31, 2016
Par Value Not Available
Yes yes - this is as of Mar 15 - BUT THAT IS ALL THE COMPANY HAS REPORTED...LATE ON ALL FOR QTR.
IF the company wanted to be transparent they would have filed for shares coming free unrestricted, new issues etc....but nothing.
so todays order of 15mm is more than the ENTIRE FLOAT!!!
Mgt wont report - is screwing holders with behind scene dilution and trading...
COME CLEAN!! REPORT!!
now over 400 k...but some support...
i think this may in fact be a great opportunity...the mgt is likely going to be silent as they navigate the RM.
We are valued now at 70,000 - easy to see this at 1.5mm with real company ....even a more developed Plad...and that is .15-.20 ....at 1mm we see .12
risk reward is high...bought 30k today @.0075....(cant help myself :).
well no report of dilution...
the OS and float seem the same....this could be some past mgt dumping...but morer worrisome is no support.
Youy might think if they had a real prospect in line of sight - and were committed to shares there would be support.
I am not a flipper - i buy sell options and use timing - but here just was counting on a real company to give this a multi x last jolt
.006-.008 90 k volume all sells
some holders giving up....