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"Thick by using your brai" ................mike drop
The SEC regulations that govern the trading of restricted stock are outlined under SEC Rule 144, which describes the registration and public trading of restricted stock and the limits on holding periods and volume. 5 Conditions for Resale of Rule 144 Securities
Five conditions must be met for restricted, unregistered, and control securities to be sold or resold.1
The prescribed holding period must be met. For a public company, the holding period is six months, beginning on the date a holder purchased and paid for the securities. For a company that does not have to make filings with the SEC, the holding period is one year. The holding period requirements apply primarily to restricted securities, while the resale of control securities is subject to the other requirements under Rule 144.
There must be adequate current public information available to investors about a company, including historical financial statements, information about officers and directors, and a business description.
If a selling party is an affiliate of a company, he cannot resell more than 1% of the total outstanding shares during any three-month period. If a company's stock is listed on a stock exchange, only the greater of 1% of total outstanding shares, or the average of the previous four-week trading volume can be sold. For over-the-counter stocks, only the 1% rule applies.
All of the normal trading conditions that apply to any trade must be met. In particular, brokers cannot solicit buy orders, and they are not allowed to receive commissions in excess of their normal rates.
An affiliated seller must file a proposed sale notice if the sale value exceeds $50,000 during any three-month period, or if more than 5,000 shares are proposed for sale.
The holding period requirement under SEC Rule 144 depends on the type of issuer. Generally, the minimum holding period is one year. For reporting companies, the holding period can be as little as six months while for non-reporting companies, it can be up to two years.1
Some info about the new company sure would be nice. Without some decent data, all the volume just brigs out the cockroaches.
It looks like Tad cleaned up some more debt yesterday. Wonder if that is to make PLPL more marketable or if something could be in the works. Wishful holiday thoughts!
Having the new name and ticker would certainly help. Everything currently seems bogged down in the old shell. To someone who is not familiar with PLPL, didn't do any research, it looks like the same old, same old OTC shell game. Not at all reflective of Byoplanet.
Rick's statement reads more to me of placating any current shareholders who don't want to go thru the r/s process would have an opportunity to sell shares directly to the company. Not so much to reduce the share structure. Nice gesture imo
I think we will see a steady stream of pr's once the ticker changes. They have already indicated several entities they are working with as related to the bCOOL-MLB, NCAAF, NFL, those could all be seperate releases.
******
too funny. after posting the aforementioned note I googled bCOOL and this came up dated today:
https://www.accesswire.com/757162/ByoPlanets-bCOOLTM-Cooling-Technology-Enhances-Performance-and-Recovery-for-Major-League-and-College-Teams
My guess is that they are waiting for the new ticker and name change before releasing any “big” news for maximum effect
I wouldn't consider TD am/trade too much. They were acquired by Schwab last year and all accounts are migrating over to Schwab. At the moment, it doesn't appear they will be making any drastic changes so $6.95 OTC trades, .65 options, all others are free. So maybe Schwab?
I wonder if Koolaide dude is in line for his shares now!
Pat Monahan and I went to high school together in Pennsylvania. Different member of Train perhaps?
Awesome show of support
Q1) On a scale of 1-10, how likely does everyone feel that the merger will go through?
I'm at 7.5. feeling fairly comfortable that it will go.
Q2) Same scale and assuming the merger goes through, How likely is it they will wait to R/S as opposed to all at the same time?
Here I'm less confident and essentially undecided at 5
I sure hope we get news soon, maybe the 20th as some have suggested. Doesn't need to be final, just a bread crumb indicating its still in play, It would appear we are starting to cannibalize our own in our restlessness.
So I can have the full report, complete with multiple grammatical errors (in just the sample) for 3k or over 6 million shares of PLPL looking to make a move (Byoplanet merger) to be the number one in the industry.
HMMMMM, gonna have to take a hard pass on that report.
I find it reassuring that the updated quarterly report was signed on May 2nd, 2023. Seems like they are cleaning everything up in preparation for the change. Obviously everything is still moving forward as of a week ago. Not long before news IMO.
That's how I see it tracking as well. Add in that other company we suspected could be involved, Ecoloxtech and that's a pretty good package. Might have to grab a few more shares.
Was it rumored to be 4 or 5 companies total?
They just did the same thing with their service division. It was previously Service Tech Team, Now it's Byoplanet Support:
ServiceTechTeam.com
Has a New Home
Service Tech Team is now ByoPlanet Support. Contact us if you have questions at customerservice@byoplanet.com regarding this change.
Sure seems like they are consolidating under the same umbrella such as you would do under a merger perhaps?
I’m down with that.
we essentially loose the advantage we had by getting in early. Everyone is starting from the same point (share price)
Using your research then, it wasn't a failed merger as much as it was a good business decision to walk away.
you called them 2 failed mergers, but I disagree.
The first was more of a licensing deal and not a great opportunity. no loss there.
The second I maintain was pulled by Tad because he already found Byoplanet. The two had a relationship early in this year before the March announcement. So, I don't consider it a failed merger but a decision to make a better play.
There will be an r/s, very well could be the same 1-100. Not 50,000. Rumor has it that they will delay the r/s which would be nice. However, if it happens right away then it will be akin to being on the ground floor of an IPO of sorts.
They only released the Jet H2 Ultra end of last year:
ATHENS, Ga., Dec. 7, 2022 /PRNewswire/ -- ByoPlanet® today announced the launch of the Jet H2 Ultra,
https://www.prnewswire.com/news-releases/byoplanet-introduces-the-jet-h2-ultra-301696596.html
Still pretty new and that bCool device isn't even on the Byoplanet website that I could find. So both units are really just entering the market. Exciting to think...
The other element to the bCOOL device is that it's not related to disinfecting. DIVERSIFICATION, gotta love it.
I think one of the things that stands out to me as different from other shell mergers is that this shell is owned by an SEC litigation attorney with almost 30 years experience. He clearly knows what he's doing and I find it highly unlikely he would risk career and/or reputation on a scam. Absolutely no need. He's just looking to sell the shell and profit from the deal. However he and Byoplanet crossed paths, I believe that's what killed the last deal with EV. I think Tad realized this was a much better deal and here we are. I also feel that experience is why we haven't hear a thing since the first announcement. Exactly how you would expect the real deal to proceed.
As to any outstanding notes that might be an impediment to closing the deal, I think someone calculated around $95,000. Those would surely get resolved when looking at the big picture, peanuts in the comparison to after merger potential.
Same with any skeletons in PLPL's closet. 30 years experience would allow you to get that resolved as well.
Not worried. Impatient perhaps, but I'm not worried.
Not just New York teams. He said most of the MLB, NFL, NCAAF were using the bCOOL.
Plenty of big markets! Exciting. Can't wait for the deal to close.
Nice find. I wasn't even aware they had such a device. Just another pathway to success.
According to Rick, most of the MLB, NFL, NCAAF are using bCOOL
Very Cool! <pun intended>
Why would they want to kill the deal. Both sides benefit greatly from the merger. Look to motive as to why? Nothing reasonable emerges
So are we thinking ECOLOX TECH is one of the 3 additional companies reported to be involved with the merger? Seems a good fit for the product, although it likely competes with the Clean Republic brand.
Do you think the other two entities are also on the list "brands".
fair point
There is really no good comparison between this company and EV. Ev was just an idea looking to become realized. This is an established company already well situated for a shot at the big boards. Has EV even opened its charter franchise? I still believe that Tad discovered Good Salt and realized it was a much better prospect and pulled the plug on the EV deal.
As to the r/s, it's inevitable. No way to be successful with that bloated share structure. That said, if they were to announce "the deal is done and in X days we will be doing an r/s to better align the share structure with the new company (BYOP), yadda, yadda" and you would have a drop, but an immediate bounce because it's easy to see the future is bright with this union. Those here now are not going anywhere and if they do, they will be right back after. IMHO
I would agree that you and I are seeing this in similar fashion.
The other assumption people are making (for some unknown reason) is the "restructuring" would occur at some later time. This does not make good business sense to do it that way.
I too was having a hard time finding the logic in why a company would wait to do something that is inevitable and necessary, more expensive to wait, and better to get it out of the way and be done with it. I would love for them to announce the deal is final and we won't be doing R/S until whenever, and I could make some nice bank and then get back in after the drop. Unfortunately, I don't feel that will be the case.
As to the concern by the incoming company for the current shareholders (propping this ticker up at a whopping .0007) and their thoughts and feelings...They don't have any shareholders yet. We are essentially old baggage that comes with the new ticker and although they don't want to alienate us, we won't be playing a big part in any of the decision making. Just MHO
and I want everybody to make money here.
I hope your info and assessment are both correct.
So do you now feel there will be 100-1 r/s when the ticker changes or there about, or some other timeline? I'm asking for a friend.
They had a multi million dollar deal with Royal Caribbean even before Covid. Back in 2014. I would be surprised if they were not still together after buying 2 million dollars of equipment.
I agree with you 100%
That's another reason the one P/R I mentioned early would put all that to bed. Those flippers will likely leave if R/S announced, longs will hold, and many will have their eye on the post r/s dip to capitalize but I don't see a long term fall on the other side. In fact, the price peril will be in waiting to get back in. I see it increasing rather quickly post change.
NEWS. News is what will move this ticker. My expectation is one p/r that includes:
-confirmation the deal has been completed, near completed, at least consumated
-info on a R/S of likely 100-1
-new ticker name (BYOP, still my guess)
-timeline to completion
no other need to announce anything til it's ultimate done. The p/r goal here is not to increase share price, just meet the letter of the law.
And I wish them and you good luck with that venture. However, they had to be compliant to get on whatever board they are on, now you say they had to r/s to return to compliancy, that indicates they were not strong enough to maintain the required status. Thus, a company that is struggling or at least was struggling. Just my opinion. Don't know their history.
I am fearful of any split required to remain compliant. Usually means they are already struggling. Splitting for the purpose of Uplisting is a little different, and this type of split would be different still. So absolutely agree, different kinds and certainly different motives.
I think most would agree the current share structure is not conducive to business growth and needs to be reduced. By doing it now, any negative stigma would be attached to PLPL. Then the new company and new ticker (BYOP-still my guess), start completely fresh with a much more appealing stock price to larger inverstors. Win-Win. The only loss is to the current investors ability to grow wealth from the sub-penny rather than just jumping ahead to copper.
Unfortunate for us in the short term, but better for the company long term, eventually better for us too. As the doctor says" You may feel a little bit of discomfort, maybe a pinch, but this too shall pass".
Plus, I think this union comes out the other side fast and strong. As long as OS/AS reduced in kind, nobody will hesitate.......because it literally make cents/sense.
I agree that in this lending environment shells would seem the move accessible move, but as we know, they sure carry a negative connotation.