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It doesn't matter. I make a lot of money off scam stocks.
Odds of Tad doing RS to clean up the share structure? He has an independently audited stock now, Better structure would make it more attractive to buyers (stock and reverse merger).
Need some kind of news here! A tweet, OTC news, anything!
Get off your ass Steve!
Attorney letter posted. Should be Pink again soon.
Who's the candidate?
The question now becomes-
Because $PLPL is independently audited now, does Tad decide to RS to clean up the share structure?
Everything today's modern meth addict on the go needs, all in one place! And the fentanyl crowd will dig it too, but they are pretty laid back and not really into live entertainment.
Cheap room and a live show! Even better.
Wow, that's a cheap hotel. And I have stayed in some cheap hotels.
And looking at photos of the property taken in October 2022, it is clear no construction had begun at that time. The size of the property is 0.61 acres (shown on the white "Zoning Hearing" sign on the fence in front of it), which seems too small for Kens plan. - https://www.google.com/maps/place/600+W+Van+Buren+St,+Phoenix,+AZ+85003/@33.4515321,-112.0813687,3a,88.8y,295.74h,83.78t/data=!3m6!1e1!3m4!1sI9iZl3NUefOIpiEha_rwzw!2e0!7i16384!8i8192!4m5!3m4!1s0x872b1225160c33f9:0x4c4d3acf1a3e249e!8m2!3d33.4515377!4d-112.0815844
There is no way in hell that hotel will be done this year. The more I learn about that sack of turds Ken, the more I dis-like him.
I agree, Tad will wait until Ken defaults. But Tad has an independently audited company after that.
What Tad should have done (now that I have thought about it more)-
1) Tell Ken to keep his F*****g mouth shut about business matters and act like an adult. He has plenty of time to destroy the company if he actually gains control of it.
2) Not mention the RS at all in public, and just do the RS when the name / ticker change occurs (IF any of this happens at all). That would let this run for a while.
I would bet (pure speculation on my part), that if no mention of RS had happened in the 11/8 press release from $PLPL this share price would be flying high right now as people anticipate the (possible) new (scammer) owner and name change.
I agree, Tad knows what would happen after RS, which makes me think that Tad may not care, because he plans to get out completely if the deal goes through (doubt it will)- meaning he takes cash only and no series B preferred or other dividends. Tad wouldn't care if the price drops after announcement of a RS (if the deal goes through or otherwise), since this has been at 0.0002 and 0.0003 already many times in the last 2 years.
I also agree with you - I think this deal will fall apart, but it could be a couple months until we find out. And, as you said, Tad may want to RS anyway for better share structure.
The potential RS really scares people (IF the deal goes through). A name / ticker change with an RS is not as dangerous, but still, the unknown risk is more than some people can handle.
People don't want to pay 0.0004 for it, and It's nice that holders don't seem to be dumping it at 0.0002. But maybe they all dumped already back on 11/8 (as soon as RS was mentioned).
We're burning through the bid pretty fast. May see "no bid" soon.
Need some action from this company.
Yeah, that would help. We are in Yield again.
We need some new year magic here!
I don't think there are any. At least not that I have found. Audited, single owner (one preferred share holder) OTC stocks in this price range are extremely rare.
Most triple zero OTC's don't even bother with an independent audit.
Yeah, this one looks good at the moment. If the deal goes through it may turn into something else though.
DM Just ended. But I will check out what you said. Thanks.
January 23? Holy crap, We should all be rich soon right? I'll start holding my breath now....
Of course. If he thinks he knows everything, and he thinks he knows what is best for everyone, then he would not want to hear alternate opinions.
Ah, yes, the old "Kick rocks, I don't need you because I am so rich already" angle. This is the #1 sign of an ego-maniac scammer.
Don't get me wrong, I love them, and have made a lot of money with them (I have always made the most money off of "scam" stocks), but be careful, if you don't know what you are looking at, you will be blinded by bullshit and loose money.
Clearly, at the moment, you can buy this at 0.0003, and I would not pay more that that for this. That is the price to get in if you have the extra cash and cojones. IF this does anything before the merger (if that happens) it will be limited in maximum price by the share structure, but place a market sell at 0.0014 or higher for a quick profit. Or hold to see what happens. That is the way this game is played.
Exactly! Lots of companies want to save money. That does not mean everyone can afford to re-vamp their entire hotel, and saying someone is "interested" is not a sale!
OMG don't bring up $BRGO ! I will have nightmares over that damn thing again!
As an Engineer, I have never found sports useful, except for exercise. Intelligent people create things, entertainers entertain.
Yeah, I am THAT guy.
"Young people are the future" - But this is my time!
Turncoin gets promotion from it's investors, which is the perfect business model (I wish I had thought of this, it's brilliant)-
You make up something out of thin air and tell people it has monetary value. Then get famous people to buy into it. Then have them comment on it publicly. Brilliant! You pay nothing for promoting something that has no real world value! Awesome! It's like artwork and NFT's - it's only worth what someone thinks it's worth.
https://www.turncoin.com/investor-updates/investor-update-september-2022
We will see. He can talk all he wants for now, since he doesn't own this company until the deal goes through.
Not me. That is not my goal with this one, but you asked.
Possible, but Ken couldn't sell things he didn't have, so I think you mean he made some franchising deals with various hotels using Brian's IP.
But sure, maybe, if the deal goes through, possibly he could make it to AMEX or NYSE proper (AMEX is run by NYSE), but just watching his videos and looking at his twitter feed I would guess no.
And why would I let my money sit there for years just to maybe make 500% ? I can do that in much less time.
Typically, Preferred A get transferred to the new owner. But, as part of the deal, the old owner may have their preferred A exchanged for preferred B shares. The old owner loses controlling interest, but can still convert later into common shares and then sell on the open market (per SEC rule 144) by filing an SEC form 4.
This happens quite often, especially when the buyer cannot afford to pay the entire amount being asked buy the seller.
Debts don't magically disappear when a company changes hands. For all we know, Tad will exchange his Proffered A for Preferred B shares and then convert later. Tad won't have voting interest in that case, but he won't care, because those shares are money in the bank for him.
Note holders don't go away either. The new buyer (if that goes through) will need to either negotiate the cancellation of the note by paying them off, or re-negotiate the terms of the note, since most notes are contingent upon some condition like time or share price.
Some note holders may not give up their common (restricted) shares for all we know (if the deal goes through) and $PLPL will still have debt.
It sounds like you really believe in Ken. Feel free to buy all the shares you can afford, and I will happily sell you shares as your pom-poms fall apart.
100 to 1 gets you no where near NYSE. The 3rd party audit requirement alone prevents that, not to mention the minimum share price requirement. We would not even get to AMEX at 100 to 1.
EV Hotels is private, so they have nothing applicable to a merger, and that is why an audit of the private company is so important. $PLPL has one preferred shareholder and several restricted shareholders (as of last financial report)-
Preferred-
Tad Mailander (100% of preferred shares)
Restricted-
Adar Bays, LLC (Aryeh Goldstein) (note)
EMA Financial, LLC. (Felicia Preston) (note)
Pinnacle Consulting Services, Inc. (Robert Hymers) (note)
Pinnacle Tax Services, Inc. (Robert Hymers) (note)
Adar Bays, LLC (Ari Goldstein) (note)
Dr. Giles Edward Duffield (note) - The company is in default on this note.
The company has a total derivative liability of $1,003,802
Doesn't matter to me. It only matters to the SEC. In this case it is a private entity buying a public company, so it is no different (paperwork wise) as to getting a new public listing, except that the private entity does not have to go through all the hoops and waiting and legal fees involved with getting a new listing because $PLPL has already done that part of the work. But the SEC still needs to believe no existing preferred share holders or creditors are going to loose out on what they are owed.
Owners of restricted shares / preferred shares do have a reason to care though, and they will make damn sure they are not going to get screwed out of the money they are owed or could get at a latter date by allowing a bad transfer of ownership to occur. So they will want to see the buyer audited.
Exactly. I travel all over the country, and since Covid most hotels don't have maid service unless you ask for it or you check out.
Far less expensive for the hotel, so they stuck with it even after Covid.
Well, yes, but in this case you have a private "company" that is attempting to acquire a public audited shell company, although the same paperwork applies.
Luckily, the reverse merger is conditional upon the audit valuation of the buyer (EV Hotels). Bad audit = Deal falls through.
That is the approach I am taking at the moment. Ignore the RS / merger / Ken - and treat this like the shell it is. I have a limit buy order set for Tuesday morning for 0.0003, at will not pay more than that for this.
Yes, agreeing with something that someone does does not make it right, and does not mean they have any vested interest in what is being done. Germans went along with what Hitler was doing for a while.
He's not the one you should worry about. Brian has all the IP. Ken is the shifty one, and the one that would be in control if the merger goes through.