Palayan Resources Inc (PLYN)

[MBADude]

Added a bunch today. Here’s why: a contrarian view that’s helped me. This stock has gotten beat up in the absence of news since mid February when the SEC Form 10 was filed. Went back to read it and also found this online from the first PR. They put out another statement at the end of February stating “deep in due diligence”. Liking the odds of an easy 2X to 5X at least from this level. Let’s see what happens and as always only invest what you can afford to lose when it comes to speculative investments.

Curious what other shareholders are thinking of this stock’s prospects. It’s been a while OG’s.

https://www.c2cpic.com/post/palayan-resources-inc-stock-symbol-plyn-updates-on-fintech-merger

Lady Lake, FL, Jan. 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Palayan Resources, Inc. (the “Company”) (OTCMarkets: PLYN), a publicly traded company, announced today the Company is moving forward with our Due Diligence on the Fin-Tech merger. The preliminary valuation of the transaction is $80 million USD. The Fin-Tech operations will become subsidiaries of PLYN and file consolidated financial statements.

The transaction is subject to customary due diligence and the audit of the Fin-Tech company.

As part of the transaction PLYN/Fin-Tech will seek financing to expand operations in the primary business sector Multi-Corridor Multilateral Remittance (Hub), Multi-Currency Digital Remittance Solutions, Blockchain Remittance Solutions and Remittance as a Service for institutions. The Fin-Tech company has country-centric network partners in 62 countries.
The Fin-Tech company has a simple, fast and secure way of transferring funds globally. They offer lowest transfer fee and competitive exchange rate without any hidden costs. They have collecting agents at convenient locations and for the disbursement, they have a large number of world-wide network partners for "just-in-time" delivery.

The target company has been in business for 10 years and has developed a robust and scalable global infrastructure network as the underpinning for growth.