Butcher2, the TXTM & PLPL Connection
The deal is closed. TXTM has acquired 100% of Plandaí Biotechnology South Africa per the the Share Exchange Agreement that closed the deal. The TXTM acquisition of Plandaí Biotechnology South Africa was filed with the SEC on Jan 19, 2017:
http://ih.advfn.com/p.php?pid=nmona&article=73652133
This is huge in my opinion regarding Plandai Biotechnology (PLPL) since the TXTM portion of the company that is now Plandaí Biotechnology South Africa will be the vehicle used for the Cannabis/Marijuana projects in South Africa.
http://ih.advfn.com/p.php?pid=nmona&article=73652133&symbol=TXTM
ITEM 2.01
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Closing Of Share Exchange Agreement
On December 31, 2016, the Registrant, ProText Mobility, Inc., a Delaware corporation (“ProText” or “the Company”), consummated a Share Exchange with Plandaí Biotechnology South Africa (Pty) Ltd. (“Plandaí SA”), a South African company. Under the terms of the Share Exchange, the shareholders of Plandaí SA received 100,000 shares of ProText Series D Preferred Stock in exchange for 100% of the issued and outstanding capital of Plandaí SA. A copy of the Share Exchange Agreement is attached hereto as Exhibit 2.01. It is the intention of management of ProText that this transaction be treated as a “reverse merger” with Plandaí SA treated as the successor issuer to ProText for SEC reporting and accounting purposes.
The Registrant intends to file an Amendment to the Articles of Incorporation changing the name of the company at some future time.
PLPL trades in the area of .05+ per share and is the Parent Company of TXTM. The good thing to note too is that both TXTM and PLPL are fully reporting companies that files with the SEC. This can be confirmed from their websites below which are linked to one another when you go through each of them separately:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128032014
The key with TXTM is that they already have the infrastructure in place to do marijuana cultivation, marijuana laboratory, marijuana clinical trials, medical marijuana, etc. because of PLPL being their Parent Company controlling them.
Doing it this way allows for PLPL to not lose or be hit if things don’t work out. This means that they minimize their risk, but yet greatly increases the company's position for growth. TXTM will be judged on its own merits for whether they sink or swim.
However, if things turn out to be as big as they believe, which is why they went down this path in the first place, then PLPL will gain twice as much in value and growth since they are the Parent Company for TXTM.
The difference between most of the MJ stocks versus TXTM is that most of the MJ stocks operate with only having the reach from its single regulated state only. With TXTM, they are operationally structured to have the reach for an entire country. The TXTM position for expansion is far greater in my opinion.
v/r
Sterling
The deal is closed. TXTM has acquired 100% of Plandaí Biotechnology South Africa per the the Share Exchange Agreement that closed the deal. The TXTM acquisition of Plandaí Biotechnology South Africa was filed with the SEC on Jan 19, 2017:
http://ih.advfn.com/p.php?pid=nmona&article=73652133
This is huge in my opinion regarding Plandai Biotechnology (PLPL) since the TXTM portion of the company that is now Plandaí Biotechnology South Africa will be the vehicle used for the Cannabis/Marijuana projects in South Africa.
http://ih.advfn.com/p.php?pid=nmona&article=73652133&symbol=TXTM
ITEM 2.01
COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Closing Of Share Exchange Agreement
On December 31, 2016, the Registrant, ProText Mobility, Inc., a Delaware corporation (“ProText” or “the Company”), consummated a Share Exchange with Plandaí Biotechnology South Africa (Pty) Ltd. (“Plandaí SA”), a South African company. Under the terms of the Share Exchange, the shareholders of Plandaí SA received 100,000 shares of ProText Series D Preferred Stock in exchange for 100% of the issued and outstanding capital of Plandaí SA. A copy of the Share Exchange Agreement is attached hereto as Exhibit 2.01. It is the intention of management of ProText that this transaction be treated as a “reverse merger” with Plandaí SA treated as the successor issuer to ProText for SEC reporting and accounting purposes.
The Registrant intends to file an Amendment to the Articles of Incorporation changing the name of the company at some future time.
PLPL trades in the area of .05+ per share and is the Parent Company of TXTM. The good thing to note too is that both TXTM and PLPL are fully reporting companies that files with the SEC. This can be confirmed from their websites below which are linked to one another when you go through each of them separately:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128032014
The key with TXTM is that they already have the infrastructure in place to do marijuana cultivation, marijuana laboratory, marijuana clinical trials, medical marijuana, etc. because of PLPL being their Parent Company controlling them.
Doing it this way allows for PLPL to not lose or be hit if things don’t work out. This means that they minimize their risk, but yet greatly increases the company's position for growth. TXTM will be judged on its own merits for whether they sink or swim.
However, if things turn out to be as big as they believe, which is why they went down this path in the first place, then PLPL will gain twice as much in value and growth since they are the Parent Company for TXTM.
The difference between most of the MJ stocks versus TXTM is that most of the MJ stocks operate with only having the reach from its single regulated state only. With TXTM, they are operationally structured to have the reach for an entire country. The TXTM position for expansion is far greater in my opinion.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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