Palayan Resources Inc (fka PLYN)

[MBADude]

It’s been close to 4 months since this event mentioned in the February Form 10 filing. If the deal does go through the share price math shows anticipated $80M value divided by 37 million shares outstanding = $2.16. Waiting for news from the company to make this board buzz again lol.

“Using this new strategy, on December 9, 2021 we executed a Memorandum of Understanding (the “MOU”) with a Singapore based holding company whose subsidiaries are engaged principally in foreign exchange remittance services. Under the MOU, our Company desires to acquire 100% of the Singapore based company for a purchase price of $80,000,000, consisting of common and preferred stock totaling $70,000,000 and subordinated debt of $10,000,000. The proposed acquisition is subject to due diligence customary to transactions of this type. There can be no assurance that a definitive agreement between the parties to the transaction can be reached.