Nope. Only brokers can do that. But if my broker gets shares at 0.000591, and I place a buy order for 0.0006, my broker will sell me those shares at a tiny profit, and then they still charge me the brokerage fee for OTC's.

Every trade has some profit associated with it. Someone will always make money.

Bid size at 6 piling up again. Good sign.

I wish the market was open every day.

Not that I am aware of. There may be one or two that allow it using a margin account though.

I'm not sure. But I have never seen a Questrade commercial in the US. And I think they are a Canadian broker. They may let foreigners have an account with them, but I am in the US so I would avoid it.

It looks like Questrade only allows EM trading for margin accounts.

I will look into that. Do they let Americans join? I have been looking for different broker. Etrade sucks for OTC's.

Does Quest Trade have L2 available? Is it free? Do they charge for transfers of money from your bank into your brokerage account? Is there a 3 day wait until that money shows up in your brokerage account? Etrade sucks.

Well sure, but I don't own any of it yet, and I can't buy it while in EM, so I still have to wait until it goes pink current.

Do you think we can get it at that price when it goes Pink current? Everybody and their brother (including me) has cash set aside to buy this the instant it goes Pink again.

For me, I think anything below $0.002 is a great deal, and I would not hesitate to buy it down there. But there are very few discount brokers that allow retail investors to buy EM, including mine (Etrade), so I have to wait, as do lots of people, so I expect a massive surge in volume and price when this thing goes current.

Yeah, we had FAR lower OS back then. We would never get to those prices without an RS. I could see ~$0.003 happening under perfect conditions though.

A lot more eyes on it. You can tell by all the new posters here.

Volume looking better recently. Need some news!

Wow, so it could take quite a bit longer than the 60 days. I will keep an eye on this one. I don't own any shares of this, but I stumbled onto it about 3 weeks ago. The share price graph is really attractive, with wild swings due to the low OS and lots of eyes on it. The OS is higher now than when I first looked at it, but is still better than most OTC's.

I will have some cash ready for when it goes pink again.

So, with the filing of the 10-12G on 6/14, how long could it take before they go back to OTC pink?

Isn't he trying to deliver doughnuts with UPS and then wash the trucks or something now? He is full of tall tales. He needs to put out an actual PR (full of lies, but whatever) and catch up on filings, then, maybe, we get out of this rut and I can get my money back.

Getting some ask slappin' now! And the bid size has piled up nicely today!

A filing is out! OMG! At least he is trying. Now we need an actual PR, and not just tweets-
https://www.otcmarkets.com/otcapi/company/financial-report/374770/content

Yes, that's the downside. I think that is why I didn't sell, because anything could happen at any time.

I agree.

Wow, at this rate I'm thinking I should have sold on that last peak when it touched 0.0011, then try to buy twice as much back at 0.0004

We aren't to 4's yet, but we are burning through 5's pretty damn fast.

We would have seen (at least) an SEC 8-K. They can't (legally) just start buying back shares without filing first because it is considered market manipulation.

Yeah, I think that is what everyone is waiting for. And the name ticker change of course.

Bid size getting thinner. Need some news here.

Exactly! There is no way retail investors are doing this for a year straight. We need some kind of info here. What the hell is going on? Why no news or tweets?
They better be up to something good.

We'll see how much it increased at the next filing.

The transfer agent knows. As I said, the agent need only give the updated numbers before a filing. He can just repeat the same number over and over if they like, until the day before the filings come out.

The transfer agent needs only keep track of it for filings. They are not required to update FINRA on a daily basis.

The company can push shares onto the market at any time they like through their transfer agent. Offerings are often used to move large amounts of shares, and it allows the company to sell all those shares quickly to a wholesaler.

Just because the offering they had has now expired, does not mean they are not diluting.

They got the dilution machine running today. Dumparoo.

Need some news tomorrow. We are stalled out here.

Anthrax is not a virus, but otherwise, Good news!

Yes, if a split occurs. But the shares promised to note holders don't exist until the note holder gets paid off.

Yes, but again, it is not something that would normally happen, since the debts all have different terms, and would not usually be due all at the same time.

They are to pay existing debt. Those shares don't exist until the notes are fulfilled.

Just to clarify- The term "convertible" is usually only used for debts, where the debt holder may convert (within the limits set forth in the "note") the debt into common shares, to allow them to sell, on the open market (with appropriate SEC filing), to pay back the debt.

Preferred shares are always convertible. I (to date) have never found a publicly traded company structured such that preferred A shares were not directly convertible to common shares. The conversion ratio of preferred to common is given in the quarterly or annual filings, but the ratio if the share structure changes is often not clarified.

Convertible debts- securities, warrants and options (notes), are usually just a dollar amount, sometimes with interest accrued, but can be written as a certain number of shares (based on current share structure), and can (sometimes) be paid off by the company selling shares through the transfer agent. But in the event an RS occurs, the debt remains the same, and as such, the wording of the note may be amended to reflect the new share structure, and the debt holder still gets paid the same in the end, no matter the share structure.

But, the "Weighted average shares outstanding-Diluted" number includes all potential common shares (whether they currently exist or not), restricted or otherwise, held by all insiders and common shareholders. It also includes non-restricted shares, and for legal reasons, the number is often stated as "restricted", which is why the 5/17 supplemental says- " Pursuant to the terms of the Agreement, Plandai and its sole officer and director, Tad Mailander, agreed to exchange 39,250,337,775 shares of its restricted common stock and 100,000 shares of Series "A" Preferred Stock, respectively,... " This would indicate all shares, of all types, are being transferred to Rick (at some point).

We will know more after the next filing.

Yep, That is a pretty common thing. Like a +1 vote over the commoners, or it will just say "100% voting rights". Occasionally you will see series B preferred have some smaller voting rights, like 5% or something.

Nothing prevents that technically. But, we don't know the terms of any future reverse. It could be they RS the OS, AS, and preferred to common conversion ratio (maybe).

Also, really it makes no difference how many shares of preferred A exist, since they have 100% voting power no matter the number, unless otherwise specified in a filing. The last quarterly says- " At every meeting of stockholders of the Company, the Series A Preferred Stock shall be entitled to voting rights equal, in aggregate, to the total number of then issued and outstanding shares eligible to vote on any manner, plus one additional vote."

And (generally) the preferred A shares would not be converted to common shares, unless the new CEO were desperate for personal money, and they know the company is on it's way out.

Correct. Preferred do not normally split. The wording of the filings determines if the preferred shares split with a reverse.

Plandai currently has no such wording in place. The last quarterly simply says- "These Series A Preferred Shares are convertible to six hundred shares of the Company’s common stock for each one share of preferred stock." Which would imply the 600 shares number would not change with an RS.
And-
"In the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company, the holders of the Series A Preferred Shares shall be entitled to receive in cash out of the assets of the Company"

I think I see a "recoil bounce" forming. See artists rendering below. These usually happen after a quick drop like we had. I think the increasing bid size through the day today, and the steady munching on the ask may result in a peak of $0.0008 late next week. News next week may help also. If news comes out while on that peak we could be seeing $0.001 again. Just my theory.

No, the true OS is the 8.2B. The 39,250,337,775 OS could only occur IF - all convertible notes AND all preferred shares were converted to common stock- all at the same time. It is not something that would ever happen, and the number is really just a measure of indebtedness for reference purposes.

Obviously, the get to 39,250,337,775 OS, they would need to increase the AS above that number.

No. Insider shares get reversed also, such that convertibles have the same value (same monetary value when converted to common stock).