Plandai Biotechnology Inc (PLPL)

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Looks to me, PLPL has some 187mm shares in the O/S

So TXTM is giving you guys 100k in Preferrd D shares for that entire 187mm.
Looks to me each share of PLPL is worth .00053476 of a Preferd share D.
Now the big worth is? What is a preferred D share worth of TXTM?
Are they restricted?
Do they become instantly converted into TXTM commons?
Maybe every Preferrd D is worth enough to have something real.



Looks to me, for this deal all assets of PLPL are now owned by TXTM.
TXTM is already a blown out O/S. what on Earth do they offer?

I'm not sure their story or how it benefits PLPL. PLPL is a low floater. Interesting play.
Learning myself.

I do love a super subpenny play ever once in a while. May grab a few mm TXTM and flip out my original cash if it runs and hold free shares till this pans out or dies.
2BB O/S then add in the P-shares D once all are converted and added in? I smell a R/S in that camp at some point.,

shareholders of Plandaí SA received 100,000 shares of ProText Series D Preferred Stock in exchange for 100% of the issued