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.

The 2 year price plot looks pretty sweet. Easy money.

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.

Ken hasn't done a reverse. Ken is not in control of this company at this point.

If Ken does take over, expect him to pump it like crazy with ridiculous claims of profit, and then dilute it into the ground. Just look at his grandiose claims on his twitter feed.

EV Hotels only owns one old hotel. The "sales" are all franchising of IP / business model (if there really is any).

Yes, I understand that. The problem is an RS creates a new bottom. It is foolish to be in a stock that is about to RS. But- a name / ticker change along with it sometimes helps maintain the share price.

It looks pretty attractive on the surface IF there is no RS, but if there is a name / ticker change along with the RS it may work out, and it could be 6 months or more (or never) before a merger could happen.

The OS sucks, but I have seen worse.

What initially attracted me to this is the 2 year price plot. It consistently relaxes to 0.0003, and occasionally touches 0.0002, with a spike to 0.0015 - 0.0017 (or more), and then back down. My favorite behavior is repeatable and often. Merger / RS would establish an entirely new dynamic though, which makes it a gamble.

Responses to your advice points-

1) Yes, that is a possibility. It looks like the last RS that $PLPL did was on 9/19/2008. Was Tad with the company back then? The OS is pretty high (7.3B), so an RS from any owner would not be unexpected.
2) I (honestly) would do the same. If I had a nice audited shell, I would try to sell it too. If you can rope somebody into it like Ken, go for it.
3) See 2 above to get out of it and let someone else deal with all that.

Looking at the first US location-

600 W Van Buren St. Phoenix-
https://www.google.com/maps/place/600+W+Van+Buren+St,+Phoenix,+AZ+85003/@33.4514756,-112.0814649,3a,90y,318.81h,76.36t/data=!3m6!1e1!3m4!1snvIJD70Npw9dcalaAmpvBg!2e0!7i16384!8i8192!4m5!3m4!1s0x872b1225160c33f9:0x4c4d3acf1a3e249e!8m2!3d33.4515377!4d-112.0815844
No construction has begun as of Oct 2022. He doesn't have the permits needed (yet or possibly ever), and as is mentioned here (and he mentions on his website in the "Downtown Phoenix 50s Motel" video), he must incorporate the old historical building into the new building. Where he would get the hundreds of millions of dollars to start this multi-year project I can only speculate, but my guess is sale of common stock.
https://www.phoenixnewtimes.com/arts/plans-to-demolish-a-historic-downtown-phoenix-motel-to-create-a-cryptocurrency-hotel-meet-firm-resistance-12672620
https://theevhotel.com/

I was just in Phoenix a couple of weeks ago. If I had known about this I would have stopped by to look at it.

The deal with CLERHP Estructuras S.A. -
https://www.clerhp.com/#Nosotros
https://www.facebook.com/CLERHP/
No doubt they have the ability to build on a grand scale, but it appears this is more of a franchising / technology / IP licensing deal with "EV Hotels" (which I put in quotes because they are not public until the deal is finalized with Plandai Biotechnology Inc., and it is unclear if Ken really has any actual IP or novel software).

So, I am still torn. Might be good for a quick profit as long as I don't hold too long.

Advice needed- Get in, or run?

What I see-
1) RS always destroys a share price, and I would (usually) never buy a stock that is about to RS. But the name change along with it may help prevent that. I was in a company many years ago that did a name change and reverse at the same time, and it acted like a new company (share price wise) and did not dump out immediately, and the price went up for a few months (before the company started diluting).

2) The new (clearly) ego-manic / God complex guy (Ken) taking over has no experience with publicly traded companies. Every time I have seen a newbie take over a company they dilute it into the ground.

3) The RS is not large enough. We would be at 0.03 if the split happened now. Not enough for even AMEX listing (although up-listing may not be the goal here). And, as someone else mentioned here, if they RS the OS, but not the AS and OS at the same time, that will be a huge red flag that they plan to dilute the crap out of it and run the share price into the ground.

Should I gamble and pick up a few grand worth at 0.0003? The RS / name change (in my opinion) would not happen until mid to late 23, since I have been in other companies that went through reverse merger and it takes quite a while to get through the audit process. The deal could fall through for all we know.

During the time we are waiting for the deal, we could see a little spike that I can place a market sell on and make 4 or 5X. That would be worth it for me.

Any thoughts are appreciated.

We need that name / ticker change they said would happen long ago. That would help.

Some of them spike even without news around year end.

It is a gamble in my opinion. They have products (as "doingfine" said). but they have debt. I am in at 0.0002, and would not pay more than that.

If we get some news about what the company plans to do next year it could have a nice little run.

The danger is- if they don't keep up with OTC filings. Because the CEO and one other board member have both resigned last month, there is a chance of no-one wanting to take on the debt, and the company will just go dark.

They have not put out a Tweet since July, so if you see them start to tweet again, you know they are alive.

Let's hope for an end of year run. Fingers crossed. I'm not sure what would trigger that, but hope for the best.