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Only one place those constant sells can be coming from. Making curry is expensive.
See how long it takes her to eat through the bid
Sure would be nice to get an update from what appears to be a non-existent CEO.
Quarterly should dropping soon.
A little action today w/ nice bid support if it holds.
Pink Current today.
Attorney letter filed.
https://www.otcmarkets.com/stock/PPJE/disclosure
The CEO has $14mil listed on the company's balance sheet as a Contingent Asset and identified in filings as "might be collected"
There should be no doubt that the merger is complete and Rick is in charge.
OTC Disclosure & News Filed by Rick O'Shea
This is the only "proof" of a name change request.
Tad's 3/20 statement:
FINRA requires that the Company complete the Issuer Company-Related Action Notification Form and submit it to FINRA no later than 10 calendar days prior to the record date of the corporate action. Which I would assume was Tad's 5/17 announcement that " ByoPlanet's CEO, Rick O'Shea, will step into the role as CEO of Plandai moving forward." In addition to the Form itself, FINRA requires the submittal of numerous supporting documents and historical corporate information.
All of which should be readily available when the forms are filed. Late filings incur additional fees and possible delays.
There are two FINRA forms required for Name/Ticker change request.
1. Filed by the companie's stock transfer agent - Signature Stock Transfer, LLC
https://www.finra.org/sites/default/files/TA%20Form%20Update%208%204%2014.pdf
2. Companie's Notification of Corporate Action
https://www.pdffiller.com/jsfiller-desk11/?requestHash=fe6bd7530142fa0593829dc6ddc93603d60dae22fd66a29235f59741366d5f2f&projectId=1323541039&loader=tips&MEDIUM_PDFJS=true&PAGE_REARRANGE_V2_MVP=true&isPageRearrangeV2MVP=true&jsf-page-rearrange-v2=true&jsf-new-header=false#c41fe8855e9d47c58b0f2b0741d85418
I can't answerer as to why the name hasn't been changed w/ the Nevada SOS. But it does seem to be a FINRA requirement. Or at least an explanation as to why not.
It was back in March when Tad announced they were submitting for the ticker change, and we should expect to have info sooner than later. But I see no reason to think the deal didn't go through, ByoPlanet is trading as PLPL and Rick is in charge. The bid has been building though, and the selling seems to have slowed, so who knows what's next.
Check if you can find one company press release (other than a broker-dealer FINRA member) where it states they have received merger approval from FINRA. Not name/ticker change, but approval of a merger. With 100's of OTC mergers, there should be a ton of google pages w/ these announcements.
FINRA’s Role in OTC Corporate Actions
Federal securities regulations task FINRA with processing corporate action announcement requests by companies that trade in the over-the-counter (OTC) marketplace rather than on a national securities exchange. Corporate actions reportable to FINRA generally include mergers, a dividend or other distribution of cash or securities, stock splits and name and domicile changes.
FINRA’s processing function helps to keep investors and the market informed of company corporate actions. However, FINRA is not responsible for approving or disapproving the action the company is taking. And FINRA does not review such requests for a company’s compliance with any federal, state or other regulatory requirements. The public company is responsible for making sure their business decisions comply with all applicable laws and regulations.
https://www.finra.org/investors/insights/corporate-actions-public-companies-what-you-should-know#:~:text=FINRA%E2%80%99s%20processing%20function,company%20is%20taking.
FINRA is a regulatory agency for Brokers-Dealers and Market Makers. The info you are referring to are requirements for FINRA members.....
Firms We Regulate
FINRA Regulates Broker-Dealers, Capital Acquisition Brokers, and Funding Portals. A Broker Dealer is in the business of buying or selling securities on behalf of its customers or its own account or both. A Capital Acquisition Broker is a Broker Dealer subject to a narrower rule book. A Funding Portal is a crowd funding intermediary.
https://www.finra.org/about/firms-we-regulate
What We Do
https://www.finra.org/about/what-we-do
FINRA's Role in OTC Corporate Actions
FINRA doesn't "approve" the reverse merger. FINRA only becomes involved if and when PLPL submits for a name/ticker change. At which time FINRA will review the company's ownership & share structure before approval and notifying their broker dealer / market makers.
It appears for all intent and purposes, the merger is complete:
It's hard for price to move up when the bid is constantly getting hit. Today there were 40mil unloaded today into the 3's. The 5's were taken out, then the 4's. Now working on the 3's.
Be nice to catch some updates. Mgmt been silent for months.
New tweet today
PPJ Healthcare Enterprise
@PPJEnterprise
·
34m
Good morning $PPJE shareholders! We just got our issues sorted! We will move forward from now on. Thank you all for being soo patience! Happy July 18th, 2023! Please Re Tweet!
Same old same old. More unloading into the 4's.
Huge blocks unloaded on the 4's today.
CEO dumpfest.
Been 8 for more than a year.
I think it closes early Monday and all day Tuesday.
Impressive.
Obviously, the man knows his phytoplankton.
1 tenth of 1%.
Yes, looks like a residential address.
Not sure if it's enough to move the needle. But does seem to further legitimize the company.
Looks like cleaning supplies & equipment as well.
Partnership w/ wholesaler announced Twitter
Nice to see this survived Thursdays 4/5 share exchange. Very positive churn back up. Solid notification from the Co could send it flying.
Those that did, are still on the sidelines waiting for an update.
I prefer "swing trader". But yes, it has been fun...ty
Being restricted common, shouldn't those split at the same ratio?
Common agreement/restrictions when purchasing....
Adjustments for Stock Splits. In the event and to the extent that the Company consummates a reverse stock split or forward stock split prior to the closing of this transaction, the number of issuable shares of Common Stock purchased under this agreement, including the shares underlying the Note and the shares of Common Stock issuable pursuant to the Warrant shall be proportionately and equitably adjusted.
"Convertible" Preferred shares split just like the common.
Question would be is to how this "Official" looking release ever came about? It seems unlikely for Ken to create this himself. If not, how did it come into his possession? Was he led to believe that the deal had closed? An active participant or a patsy? Could be the real boogeyman is behind another door.
Interested in answers or voicing concerns?
Tad's email.
plandai@protonmail.com