Plandai Biotechnology Inc (PLPL)

[Kool Aid Man]

An example that proves my point---

In 2018 3D Entertainment Holdings (TDEY now SL*DX) agreed to be taken over in a reverse merger. Shares at the time were priced at .0001. On 3/8/19 the new management pulled their infamous 1-for-50,000 R/S. 1 million shares priced at .0001 became 20 priced at $5. Those $5 shares are now worth $0.08!!! https://www.otcmarkets.com/stock/SLDX/security

Here's how your "ludicrously low" market cap theory fails

While they reduced the O/S by 50,000... they only dropped the A/S from 9 billion to 1 essentially resulting in a massive increase in the A/S. Had they dropped the A/S by the same percentage it would have only been 180,000. You'll soon see why they opted for a (*cough cough*) "reduction" to 1 billion.

Before the R/S the O/S was 7,259,674,499 x .0001= a market cap of $725,967. After the R/S the O/S was 145,194 x $5.00 which also = $725,967. But by the time the Q1 was filed 22 days later the O/S had exploded from 145,194 to 96,365,470...an increase of +66,270% !!! The staggering number of shares issued and dumped into the O/S by new management AFTER the R/S were issued to new management, stake holders and bought by NEW investors. That is how the ticker a current market cap of $7.8 million... made possible only by first utterly destroying the old bagholders of TDEY.

Lastly, if PLPL were to drop to the same pre-R/S price of .0001, its 7.344 billion shares would have a total market cap of $734,391 !!! Roughly the same as TDEY had before the roof fell in and the floor collapsed. PLPL has been as low as .0003 much of the first half of 2022 so .0001 is hardly unthinkable.