Plandai Biotechnology Inc (PLPL)

[P2D-Trader]

In all reality most traders that have been in the game long enough knew that a R/S was inevitable to get to where Ken wants to be. We just didn’t think it would be put out there so soon. But, if we really think about it…Why would Ken not do it? It’s his lifelong dream to ring the NYSE bell. He’s been with his company a long time…we haven’t. He wants to get there ASAP so he’s implementing something that we knew was coming. If you hang on for a bit you will make money. If you bought in at .0015 yesterday…you’re break even is .15.
The requirements for NYSE is $4 per share. So
1 million shares /100(RS)=10,000 shares x $4 = $40,000 for a stock you paid $1,500 for. Pretty good deal if you ask me.
Am I happy with the RS news …absolutely not at this point but in the long run many will be.