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even news does not move shareprice anymore - no wonder, just another 'wonderful phytofare results' release - without revenues
Yes, but this will not last long, will be increased by management enormously by private placements and options. I think the marketcap will become totally unrealistic by dilution soon.
Responsible for this of course the management: No revenues since two years, big words about phytofare since two years, big words about progress and half ready factory, big words about loans, etc. one could go on and on.
No wonder stockmarket always has to conclude such companies are scam:
Did shareholder notice how many news release Plandai has published while the hype nearly every day ?....and do they notice how quiet the compnay became after the hype?
This is the mechanism of scams and nobody must wonder if stockmarket starts to believe that those news releases and this hype has been used by the management only to dump shares.....and, this enormous salaries of directors additionally proves, that this management is not very much interested in painting another picture about their intentions !!! This starts to stink!
latest joke:
For whom is january 2012 the same as june 2014?
Answer:
For long-term shareholder of Plandai Biotechnology.
well, good luck. PLPL is absolutely still an option for me as long as a company constructs a visible factory. But everybody has his criteria to believe or to leave. yours are not enough for me.
Don't think this will go below, or if, much below .30. Now stockmarket got a new idea to hold or buy: first revenues after this latest news. This might keep the price at current level. as xyou know: stockmarket buys hope and not news of yesterday.
Investor Relation is a problem at all microcpas/pennystocks ! I am astonished you wonder. Sending emails to microcpas is always a waste of time - but I would not go so far to call a compnay 'shady' or 'suspicious' just because they do not react. You also may take a look from the other side of the coin: Such companis receive tons of calls and emails every day (I have CEO friends of microcaps, they go nuts by those mail and ignore them 99%). Investor relation also does not mean to reply to every mail, especially not to those mails by tiny shareholder and gambler like us. You demand too much - maybe you should run a listed company which is visible in the www - you will change your mind very fast!
Hmmm... not much. Well, just news, no money yet.
Those numbers still right?:
Shares Outstanding 30,641,598 a/o Apr 18, 2014
Float 1,620,000 a/o Feb 01, 2013
I am very astonished nobody discusses the latest interesting development regarding revenues
looks like .40 could be a new upwards limit now at the channel I have been talking about, people seem to place bids below this limit.
I would not still be here after this drop and missing revenuees if I would have given up. I just use my two decades experiences with microcaps and handle PLPL with care after they have promised so much and 'generate' 'amazing' salaries by loans but not amazing revenues by sales
The story is still good - but as at all stories this hasan end ...which we do not know yet - we just can hope we did not discover another penny-grave.
It is still a high risk speculation. I hope it is worth it that I waste my time again.
I do know which problems you have with people who watch and try to analyse the reasons for heavy drops of a stock. You may call my care 'whining' , I have no problems with people who can not take their losses and need to insult critical and careful shareholder.
volume proves that no short seller have been caught. This was my take: Short seller are limited here meanwhile as the stock price is too low and too dangerous for short seller.
Good news, but with other words: Management of Plandai didn't tell us the total truth before this news: They said, that revenuees will be made in early 2014.... but revenues would not have been made if Plandai WOULD have needed a permission by the FDA to sell Phytofare WITHOUT an FDA permission. And....as FDA permissions take al ot of time as FDA proves products very painstaking, Plandai simply did play ....Poker , also with shareholder and stockmarket: If an FDA approval would have been neccessary, the market would have had to wait much longer for salers and revenues.
A strange and not trustworthy style of playing with investors!
If Larry Isen is involved again I am out the first trading day. Enough is enough, I do not want to be fooled again by this guy.
I doubt this at this price level. Shorter might have got in higher, but now it is getting dangerous. Every tiny release could destroy their short position - and, no doubt, PLPL is still in the focus of pennyplayer who hope for a next hype here.
They do not reply - as 99% of pennystock managements. I am not astonished about this.
Don't worry, I am well informed. I am talking about PLPL and not about the intention in the States to legalize MJ. This are two different pair of shoes as long as Plandai isn't even able to deliver tea extract. My glasses are not rose enough to mix things!
Terrible chart. Unfortunately I have forseen this and got out with my investment. But I did not forsee that Plandai appears to become a big mouth pennystock as well without delivering anything, neither any new partner, nor products, nor sales, no final results of biotechnical trials. The only delivery is an ugly reports about enormous salary for directors.
I am really pi%%ed of such management. And obvioulsy Shively does not bring any content into PLPL - his MJ story is far in the future and shareholder will have to wait enormously long until they might profit by Shively and MJ. Maybe he disappears again after a while, he does not need Plandai.
IThe volume today speaks for itself: people escape. This might go lower as the downtrend is intact after today, the bottom - which has not been a bottom - of .40 is broken. We might trade some day bewteen . 35 and .30 - if PLPL does not deliver anything pleasent, this stays at .35till end of June and than drops further.
BTW, Plandai even does not update blogs at theri website anymore. Bad sign!
I forgot:
- impatience
- stop loss orders below .35
......pity to be right sometimes: below .30
You can predict everything if you study things. Even if ones prediction might not be 100% correct. Situation here:
- volume started to dry out
- momentum is gone
- it is summer time, so summer hole starts at the stockmarket
- pennytsocks are currently out of focus
- PLPL does not deliver revneues
- PLPL did deliver an unpleasant 10Q with lots of salaries for director - even the company has no money, but a lot of debt
- PLPL does not annouce new partners
- investors and gambler lost interest
- PLPL does not annouce any news about progress of the factory
- MJ hype is down currently
- Stockmarket did concentrate too much on MJ at PLPL - they got now, also with the help of the statement by Plandai, that MJ will not make any reveneues short or midterm
- the 'shine' on Shively is gone also - meanhwile he is nothing but just a queit director of PLPL
- Pellicer got careful as well about promising fast MJ sales.
- Pythofare obvioulsy still n ot ready for sale.
- no news about progress of production of tea etc.
....
and I could name several additional problems which could and will influence the stockprice
....the most obvious one: If any chart technique shall be used here, than it is clear: we are in a slow but visible downwards channel. Study the six-months chart.
This is clear....for me. Pity, but reality. There is still no bottom IMO
closed below .38 - bad sign, but was clear anyway. I assume .35 and .30 are the next lows. PLPL simply does not deliver before end of the year IMO This is going to destroy the price back to old lows. Duffield has been a poor CEO by promising with big words a great 2012 and in 2014 they still try if phytofare is useful. Unbelieveable eyewashes.
He has a website? Guess you are not talking about website of Pellicer, which is not his website. The website of Pellicer is very empty and very poor. Nothing about any real business done by this company.
I hope the story about Shively is serious. He is a very rich man and does not need PLPL and to involved himself into the story of PLPL that much. He might disappear any day if he has another idea how to spend his life. I am not very happy about the silence at PLPL - even I know that MJ can not be the current product for PLPL. I hope we are not waiting till doomsday here - which is often usual at such microcaps. PLPL promises revenues since 2012 but didn't deliover anything yet. A bit too long and too much talking by Duffield.
Right. I do not wannt to look impatient, but it astonishes me that Plandai does not announce first deliveries of products to partners. With regards to their promises they shopuld have made significant reveneue4s since 2012 already ....two years before today.
And....Shively got VERY quiet.
market waits for news and trades PLPL carefully, but tries to get in at this level. Understandable and not that bad IMO. Let us hope the price forms a bottom here really
Don't get this strange 'story' here.
However, the chart shows a very difficult situation as anything can happen spontaneously. With regards to the chart (link below) one can see easily that within a 5-months-channel we have a downtrend with some rebounds in between, even the 'bottom' at .40 is a support IMO. So, prices below are an unpleasant option, of course.
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=USOTC%3APLPL&s_ok=Get+Chart&period=4&drawmode=2&size=18&volume=1
well, this is a strange and IMO wrong opinion 'no support at all'. The stable sidewards movement proves support which is called bottom, low sell volumes prove support by shareholder with tons of shares, low volumes... but still confidental buyers, who get in slowly by building positions, prove support, missing shortseller proves support, missing MM games proves support.... maybe I have another undersatnding by the term support than just chart technique - but even here I see support. How shall support look like? Always some 100k traded per day and highest volatility upwards, etc.? Support sometimes is something quiet and sometimes better than wild gambling.
However, Plandai itself should support shareholder ....and deliver something solid !
'quiet' = I did mean Plandai
Who knows................. a bit too quiet !
Amazing trading range and sidewards movement. Have seen this seldom at microcaps. Even low this could be promising. On the other hand: Plandai MUST deliver something solid soon otherwise I get pessimistic. Shareholder have suffered enough, its time PLPL proves the company is running into a profitable direction.....it is June 2014....10 years since phytofare exists !!!!
Austin Healy and Aston Martin never formed one compnay
Short is not ruse. Stupid talking at BB is rude - which I hate. As long as people make money at microcaps (most of them anymore not worth more but gambling) - however - I have to accept that this is the stockmarket - even if I lose with their strategy - as short seller might lose into the opposite way .
I have no problem with anybody....excluded big mouths with no brain and no style.
Hope you are lucky with you new strategy LOL
"a ton' ? Did you hold some hundred thousand shares below .17?
well, there are no bottoms - there are trading chances- Thats simple. If one stay too long he mightlose - if one get out to early he might lose as well. As much as I noticed , PLPL has been a grwat daytrader stock till now - so those are the real winner here. tmonkey, I respect your gameplan - but you gains are limited as well (guess you've got some). So, if you try to find THE entry point you might fail - there is no entry point in any stock as long as volatility is that high. Additionally: It is very obvious that PLPL seems to be in a longterm sidewards movement....if you wait for lower prices you might fail as well.
Whatever you do, you will do wrong, believe me........excluded: you keep your hands off PLPL totally and protect your money by investing in a OTC stock with reveneues and ready-for-sale products .
But I assume you dream of the lowest low at PLPL to get in again....you will not know this low as nobody will know. Really, buy another stock, my honest receommendation. I understand that you do not want to take any risks.
I did not say that protection of capital is wrong - I said greed is the virtue of pennystock managements. So PLPL salaries is no reason for me to get out. Additional: I play with the gains I made with PLPL not with my investment. So, good enough to stay - maybe a great news pushes this up within 2-3 days ...and you would be out. Well, not my strategy.
Good luck!
you re going a bit too far: pennystocks are all like that, but on the other hand, Plandai progress and develops a product and has a visible company and not just news releases. Thus I think we can trust - at least - on their intention to generate revenues and on payback of loans etc. Additionally Plandai needs reveneues for progress further. You argue like they make 10 million of gains and transfer this money directly into their wallets. If you believe this.......get out of pennystocks and buy Apple and Microsoft.
I do not like those big salaries - but I keep my thoughts and annoyance on a reasonable and realistic level.
Details at latest financial report 10Q
348 shares = $18
svensky , sorry, can't reply private.
$ 100 is an idiotic prediction! $ 5 even is ambitious until 2016 - thats a marketcap of 1/2 billion.......IF PLPL delivers revenues already in 2014!