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Jessie Chiang and a few words: We found out she is a lawyer and works with a NY based firm. This is all good. Law firms or fund managers facilitate this kind of deals, which is normal and very good. They make the deals happen, get their fees and move on.
What is abnormal here is that per May 23rd PR, she has the worldwide rights of Puriblood tech., the LOI is with her, then she will take over the controlling interest of PLPL post implementation, worse she will become the CEO/President of PLPL.
This probably, will be the first for a law firm or a partner of a law firm. This is unheard of, lol.
You ask yourself a question, does it make any sense?
This one is going through that phase of uncertainty, silence to complete disappointment. At this stage, some hopes for a better news, which often doesn’t come. Sadly, it’s true.
I know many of our fellow board members think we have ill motives for pointing this out. There may be some but I do out of goodness for other small retails.
For OTC stocks with 7+ billions o/s shares (and keep diluting silently), do NOT put more money unless you get some kind of confirmation.
My DD says it’s almost done for this time.
Hey PLPL, ask your partners to confirm the LOI deal publicly and bring back the enthusiasm among investors. Is it too much to ask?
One confirmation by Puriblood, stock price will jump over 0.0030. Do the right thing!
I am just trying to confirm the validity of LOI, still i didn’t say it’s a scam or something. DD is required.
Where are our friends who did all DD, predicting 10/15 cents, confirming everything? Can you see them?
One way to see this, sure. If you look at the other side, like everyone is predicting baselessly going to muti pennies, so many people would lose a lot more because they all come back in 000s failing implementation. So I am saving them.
If you’re objective for a moment, you know they did not do LOI with Puriblood instead with some unknown Jessie Chiang and that alone a VERY VERY RED FLAG unless the other side provides proper information and releasing PRs.
It has over 7 billions o/s shares already. Without LOI, it would be trading in 3/4 at best.
Wouldn’t you confirm the authenticity of an agreement that they did with someone no one knows. If it was with Puriblood, i would give some benefits without proof. Even that’s not the case.
So ask them to prove it that it’s legit.
snoof77: Sorry buddy, it’s never late to ask right questions. You notice most of the other veterans aren’t here anymore or went silent. Still have time to fix it.
One common characteristic of OTC stocks, they issue all these LOI/RM PRs and after a couple of months it starts getting exhausted and management goes quiet, price starts falling.
They better come up with something soon. Otherwise it will be tough to recover!
The issue isn’t binding or non-binding, once you make an LOI or MOU, just identify both parties. When you do an LOI with someone and can’t verify with them or find them, that’s what people don’t like.
It’s always expected that it might not go through and that’s perfect fine. At least we know we have a valid LOI until something happens otherwise.
I am certain if they provide enough proof along with verifying info from other parties, it will jump well over 20 right away!
You need to find Jessie or a confirmation from Puriblood. Facts and assumptions are two different things. LOI with some unknown Jessie, people keep talking about Puriblood.
Verification is the name of the game!
Anyone found Ms. Jessie?
Probably, you did not read my post (read again first couple of sentences).
I myself sent an email a few days ago to Puriblood copying to CEO requesting to confirm the authenticity of LOI as much as possible providing a copy of PR, describing the context.
To make it legit, I provided my own contacts, professional affiliations and other things. No response yet. Obviously, they may not respond at all but i did my part.
You can never know who is doing what. So let’s not make wrong assumptions.
Reproduction because everything starts from this. If we have a valid LOI (binding or non-binding), we buy, hold, ignore noise and price fluctuations because we know we have a potential.
With 7 billions o/s shares, if one doesn’t try to confirm the authenticity of an LOI, they’re just following the traffic, not doing a little DD! Other stocks with 7 billions o/s shares without anything going on, trading at 0002/0003. Now you know why reproduction.
Like it or not, this LOI confirmation reproduction movie will continue until it happens!
@Aquahoya: Nothing to laugh buddy. One step at a time. We have an LOI, for now we will be happy just confirming that it’s legit. One bad news will wipe out everything before you know it. So DO NOT laugh, let’s confirm.
Well, dilution is the main reason it’s hovering around 11/12 today. The problem in OTC, when people hear something they start highlighting other things ignoring the main issue like who is signing what with who. OTC owners show us bananas and take advantage of it.
They signed an LOI with someone, no one knows. Now people keep saying it’s with Puriblood, which isn’t true. People even talking about potential merger with Puriblood, lol.
Now that people started asking questions about the authenticity, management is quiet and you know what happens after.
PLPL already issued formal PR with OTCMARKET (probably, notified SEC about this development) indicating your names Jessie and Puriblood.
Hey Jessie and Puriblood, just confirm that you guys signed this LOI directly or indirectly, don’t be shy. Come on you have an LOI with a US public company, should be a biggest achievement for you. Go issue a PR or brag about it on social media, twitter, Facebook, LinkedIn or your website or whatever you like and send us a link.
Who cares if you get it done or not later. Now you have an LOI, just acknowledge it. PLPL is bragging publicly, why not you, shouldn’t be any NDA issue.
Quote: “If DTC doesn't change......then we know that's a very positive sign and will be likely used for the merger with PURIBLOOD.”
Merger with Puriblood? Where is this coming from?
So far they did LOI with Jessie for distrusting/selling Puriblood’s equipment, NO talk about merger at all!
OTC STOCKS can’t do things straight, they always make side deals. Couldn’t you do the LOI with Puriblood itself directly? Why you had to find some mystery woman Ms. Jessie Chiang to do LOI?
If you did LOI with Jessie, just introduce her properly and confirm with Puriblood and show us something that all good. No, we have to do whole bunch of research and use our imagination to come up with something. THIS IS WHY PEOPLE DO NOT BELIEVE OTC DEALS.
Just come clean, introduce her, get some form of confirmation from Puriblood and let us know accordingly. How hard it is! If you can release a public PR and filed with SEC/OTCMARKET, shouldn’t be any NDA issue. DO THE RIGHT THING!
Thank you for doing DD and sharing. Just do not add your assumptions as the facts.
LOI is with some unknown Jessie Chiang, not with Puriblood. Try confirming that.
SEC did not confirm or validate LOI, they just waived the interest/penalties. Let’s not mix up two things together.
Continue doing good work, thanks!
LOI PR doesn’t say anything as to what and when need to be done. When an LOI is done (binding or non-binding), it specifies what conditions (including due diligence) to be met by when in order for the parties to proceed further.
In this case, one party says they did an LOI with some third party Jessie Chiang (not even with Puriblood itself), doesn’t indicate what they have to do, by when, nothing. The other party to LOI isn’t even known, cannot be found or identified, BIZZARE!
Show us a copy of signed LOI: Many OTC released the copy of signed LOI (binding or non-binding) in the past.
In reality, all LOIs are same binding or non-binding. Basically, they’re never enforceable by law until you make a contract/agreement. The very word “intent” is self-explanatory that it’s not an agreement, mere intent.
Let’s see the LOI.
Validation of LOI: DO NOT settle until you see a confirmation by Jessie or Puriblood.
Meantime, do what works best.
Any sign of big fishes of this board slowing down?
Any confirmation on LOI (from Jessie or Puriblood)? Guess not.
Often when moderators, big DDers and other regular big fishes on the board stop posting (and or become infrequent), that’s the first sign that they’re moving on and we should reassess our own position??.
SHOW ME THE MONEY TIME:
Since May 23rd PR, this is the first time, this stock (and its Puriblood PR) is going through serious scrutiny and verifications as to the validity/authenticity and confirmation by the othe side.
It may look or sound like some are casting doubts but know that nothing goes long without being scrutinized.
PLPL and Jessie Chiang or Puriblood had their time without being challenged for about two months, now it’s time to show some proof.
You can’t blame people asking for proof or validation nearly after two months.
Honeymoon time is over, give us something, it’s like show me the money time now.
Don’t need to be concerned yet, just be diligent!
Risk and rewards: This stock is on a balance now. It can go from 0.0013 to 0.0030 or 0.0013 to 0.0004 anytime depending on the validity of LOI.
Tough decisions not to have some and equally, tough to go in big!
LOI and few words:
1. If you’re confident about LOI, do what works for you.
2. If you’re going with the flow, just slow down until get a confirmation by the other side i.e., Jessie or Puriblood
3. If you’re looking for confirmation, wait until hear from Jessie Chiang or Puriblood.
It has 7 billions o/s shares already and 11 billions AS. If no valid LOI, it will 30 minutes to go back to 0004/0005 with 7 Billions.
Even with this deal Ms. Jessie will take controlling interest, that shares have to come from somewhere. Assuming they issue new shares and go up to 11 billions, you can imagine stock price isn’t going to the moon other than hype-times.
So let’s do what works for everyone and keep looking to validate LOI. Thanks
Any confirmation on LOI by the other side (be it by our mystery woman Ms. Jessie Chiang or Puriblood)?
Once we get the confirmation, I will pump it hard myself, lol.
Until they validate the LOI with Jessie Chiang or Puriblood, this uncertainty will always be there. Better, they come out and confirm it.
Nothing changed. Just trying to validate LOI, you don’t have to start selling, lol.
Truenorth2016: Nice find. Did not want to mention but i will tell you this for once, being a professional CPA (and an auditor), when clients give us copies of bank statements, we still send a confirmation to banks. We send confirmation to customers/vendors to verify the existence and accuracy of receivables/payables, etc.
In business world, nothing works on assumptions, verification is the name of the game. You go to banks for doing anything, you need to show IDs, like or not, no exceptions.
You make an LOI, both parties need to be verified, period. We need some verifiable confirmation from the other side, be it Jessie or Puriblood, period. Hope you would expect that too.
FDA clearance: Jut to update we confirmed the FDA clearance of the product, so that part is food, no problem.
Now just we have to validate the LOI, need a confirmation from Jessie Chiang or from Puriblood. At this stage that will be enough. No other confirmation will be enough even if it is fro SEC because they don’t check nothing for OTC stocks, we know that from experience.
Hope we get a confirmation soon and all have a good investment and make money.
Remember, as soon as we confirm the authenticity of LOI, it will jump ove 0.0030.
Let’s focus on our own DD, find out who is Jessie Chiang! What’s her relationship with Puriblood? Until we see something from Jessie Chiang or Puriblood directly, DO NOT stop. Meantime, let’s do what works best for everyone.
Remember, Big DDers, gatekeepers/pumpers, they’re the first ones run away from every board leaving us behind when things go wrong. So ignore noises, look for validity and do what’s best.
Who is Ms. Jessie Chiang, the Wonder Woman, lol?
You are a holder of “worldwide rights”, “exclusive of Taïwan”. You can show your face, share your story, brag like Trump for all these beautiful rights! Big achievements, don’t feel shy!
@zombywolf: I have an LOI with Tesla to sell their cars. You don’t have to confirm that with Elon Musk or Tesla company because they both exist and they’re a multi-billion dollar company, you know it, just take my words, lol.
@Truenorth2016: The genuine business deals, be it MOU or LOI, both parties talk, release info, shake hand, not just one party. Can you find single thing from the other party? Nothing, nada!
When you make a side deal, you just stay quiet, neither acknowledge nor denounce, just smile. So lateron, depending on the situation, you can just disappear or take the credit for.
Show me one proof that so called Ms. Jessie Chiang (or Puriblood) acknowledged the deal.
In OTC, often they make SECRET side deals with Chinese and other companies for mutual benefits, P&D happens, they get their fair share and things go nowhere. Because you can never find the other side of these agreements, only our OTC side screams all day long. That’s why we need to find this ghost “Ms. Jessie Chiang and her companies”, which no one knows, lol.
I know there is a secret deal with someone but we want to bring them out to make them accountable so lateron they can’t simply disappear. Many many tickers did that to us, mostly with Chinese companies, nothing materialized ever, I am sure you witnessed it many times.
Disclosure: I have a significant long position. This is my way of DD, verifying public info!
Verifying the facts and published info is called DD.
In the past, i saw you (and couple others here) getting excited for many other tickers without verifying the facts and everytime they failed. Not sure if you fail to understand or pump on purpose. Regardless, do your thing and let others do theirs.
@ DR. Evil: Intelligent man, you got.
If this LOI was done with Puriblood and they had mentioned it in their website or issued a PR to their shareholders, no one would question the authenticity of it. Show me an acknowledgement by Puriblood, won’t ask a question. When you do a side deal with an unknown person like Jessie Chiang (and don’t introduce her), you need to verify the authenticity 200%. If you want to just pump the stock, then it’s fine.
When Elon Musk wanted to buy Twitter for $44 billions, both parties publicly acknowledged that, no one questioned that. When business deals happen, even a non-binding LOI, and both parties acknowledge it publicly, you don’t question the authenticity.
When one party is super excited and releases public PRs and you can’t find the other party, there is every reason to verify the authenticity. When you’re not making LOI with the owner company (i.e., Puriblood) and they don’t say a word, there is every reason to question it.
Why 99.999% LOI/RM don’t work out in OTC because they always make side deals for some mutual benefits and after sometimes, they disappear.
Here Puriblood, a well known company, has a beautiful product and that is going to be marketed in North/South/Central America and Puriblood doesn’t say a word. If Ms. Jessie has worldwide rights of Puriblood tech, then introduce her formally and describe her relationship with Puriblood.
Again, those want verification, keep asking questions and try connecting the dots. Those want to just pump, do what you need to do.
SEC did not validate or even talked about Puriblood deal/LOI. They simply waived the old interest penalties and they did not even refer to the reasons behind. PLPL put both things (interest waiver and new plans) in one PR and that somehow sounded to you that SEC confirmed the deal or talked about Puriblood.
I suggest you go read that PR again. Remember, it’s their PR, not SEC’s document.
I am not saying good or bad, this is just to address your assumptions (wrong??) that somehow SEC validated/talked about Puriblood.
HEADS-UP: All I want to make sure that the LOI is valid and there is a chance for it to go through.
If LOI is valid, we can hold our shares for pennies. If not, we have to limit our expectations and do what’s best for everyone.
Trust me I have NO other ill motives, lol. Good luck!
(P.S.: If for some reasons LOI turns out fake, with 7 billions o/s shares, it will go back to low 000s in no time).
Jessie Chiang, the one Stocktwits people found on LinkedIn, she could be the right one because in her profile, she mentioned she was a Sales Manager at Puriblood. Now she is a counsel in Weil’s Banking & Finance practice and is based in New York.
I don’t know how to upload screenshots here, otherwise, I would do that showing her as a “sales manager” at Puriblood.
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Jessie participates in advising borrowers, private equity sponsors, banks and other financial institutions in a variety of financing transactions, including first and second lien credit facilities, middle market and large cap financings, cross-border and domestic acquisition financings, and debt restructuring transactions.