Let's face the truth after Plandai didn't tell the truth in 2011:
"Apr 30, 2014 - Plandaí Biotechnology has been given the go-ahead to conduct human clinical trials in a 3-month study that will compare the oral bioavailability in the company's Phytofare™ Catechin Complex to green tea extracts.............Currently the recruitment process is underway to find the people who will take part in this study due to commence in mid-May............. The company says the final results from what will be a "three leg" clinical trial should be available in July 2014. Plandaí's clinical trials represent more of what has been exhaustive research and testing on the company's Phytofare™ brand. ..."
Well, they have had ten years to make clinical trials as they have this product since a decade( information of Plandai).
Plandai did tell investors they will make significant revenues in 2013 already. This was obvioulsy a lie: As they have had to do clinical trials first - which they do only now in 2014 - how should they have been able to generate reveneues in 2013 already?
Last but not least: Plandai finishes trial in July 2014 - but already and again - did promise revenues in early 2014. Only after the results by the 3rd trial they start ....what? Production? Business? I doiubt they will be able to delivery any reveneues before end of 2014 - thus, another lie starts to grow.
However, Plandai management is not honest regarding the truth about the strat of making revenues. Already in the Investors sheet of 2012 they promised some 10 million of $ in 2013 - but delivered nothing at all.
This is annoying, even the story is still interesting. But I hate if a management of a pennystock lies very obvioulsy ! By the way, the Investor sheet has been taken off the website. Not pleasing, but meanwhile understandable.
