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I won’t argue with psychic powers… Lol
Yeah, so Duffield resigned in November of 2020.
Two-year timeframe from that date would be November of this year.
It probably makes sense that Ted wants the audit to only include his tenure as CEO which began in November 2020.
Based on this speculation, I predict the audit will be released mid November 2022.
pure speculation.
Also, the last filing before 2021 with Tad was in 2018, a quarterly report. The lack of filing during that time frame could be an issue with the audit.
Well, that sounds like a reasonable explanation for the delay. I don’t know all the ins and outs of getting a financial audit in this situation.
It could be that having a different CEO during the timeframe of an audit requires the accounting firm to look deeper. Therefore, Tad asked them to shift the two-year timeframe and have it start on the date he took over. If it’s November 2020, we’re pretty close to that two-year window and that would make sense to avoid having to provide Documentation from a prior CEOs tenure.
This is all complete speculation but I can see that happening given this scenario.
Is November 10 2020 when he resigned?
Less than efficient accounting firm.
Yes, he resigned. Again, I don’t know if the audit would include any of his tenure as CEO. I don’t think it would but that doesn’t mean that the accounting firm isn’t required to look further back given his nefarious history.
Again, I’m just trying to explain the length of time it’s taking to get the audit done on a shell company.
And Duffield had issues in the past.
Issue may be getting information from the prior CEO. Perhaps
Can’t wait for this to explode.
Don’t drink the cool aid folks.
BAWHAHAHA
PROOF will be in the pudding!
That charting expertise will really help here in stinky pinky land….
BAWHAHAHA
On the OTC at triple zero whatever it certainly is…
In otc trips, it certainly is.
Not necessarily. The audit is being done independent of the merger from what I can tell. It’s just a key component for the merger to be completed. I believe Tad will file the appropriate filings as he stated in the PR I quoted yesterday, once the audit is complete.
Something is up with the site.
The audit is it separate issue for the company. It’s being done to make it more attractive as a clean shell.
The company is obligated to release material events to the public concerning the company. I view the audit as a material event and would definitely not be subject to any confidentiality agreement.
Why would they hold back announcing that the audit is complete with the appropriate filings as Tad said that they were going to do once the audit was complete?
It can’t be “completed” before an audit is done. I’m sure they’re in negotiations which is what this LOI is all about as well as due diligence concerns being address. All contingent on the audit results.
The merger isn’t going anywhere until the audit is completed.
From the 7/27 PR
“Plandai is continuing its evaluation of several potential strategic opportunities to bring value to its shareholders. On June 20, 2022, the Company engaged Hudgens, CPAs to conduct an independent audit of its financial statements for the years ended June 30, 2022 and 2021. The Company intends to file a registration statement upon completion.”
Lmao.
dangerous euphoria
BAWHAHAHA
If the audit comes through, I don’t think there’s much in the way of the merger happening. I believe the audit completion with satisfactory results are a major contingency in the LOI.
If you read the article I posted, you’ll see that there is other DD that goes on after signing the LOI. The audit is the biggest piece, however.
Once Puriblood fell through, I’m sure talks began shortly thereafter. No real DD was performed by either side until after the LOI. IMO
Bogus.
https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/
Folks need to read this. You’ll know what to expect.
Not really… If a company wants to go public via reverse merger, this question has been asked and answered.
There’s really nothing to say about the audit until it’s complete.
Thanks for all the DD
BAWHAHAHA
OK Captain obvious…
BAWHAHAHA
Split will happen only to get to NYSE
Looks good
Price target after RM?
Let’s go!
Jumped in
Debt converted…
Clean shell!
Tell me you’ve never traded OTC without telling me…
BAWHAHAHA
BAWHAHAHA
If this merger goes through, the sky is the limit.
Sure. The private company purchases the shell outright. They don’t go into the market and buy 51% of the shares to become the owners. If a company wanted to do a hostile takeover of a public company, that’s how it would be done. Purchasing shares on the open market to become a majority shareholder.