Plandai Biotechnology Inc (PLPL)

[Kool Aid Man]

OS increased 400 million shares this year???

7,343,911,205-- reported a/o 12/31/2022
https://www.otcmarkets.com/otcapi/company/financial-report/358981/content (page 3)

7,749,662,225-- "verified by transfer agent" a/o 4/29/2023
https://www.otcmarkets.com/stock/PLPL/security

Increase= 405,751,020 so far in 2023

A look at the disclosure above (page 12) states the O/S was 7,006,411,205 a/o June 30, 2022. That means it jumped 337,500,000 in 6 months (June 30- Dec 31 2022) and another 405,751,020 since then! The question as to why can apparently be found on page 21

(NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS provides a table showing how much was owed. The following reports how many shares were issued to pay down the "liability"--

NOTE 8 – COMMON STOCK
The Company issued 337,500,000 and 2,043,787,925 shares of common stock for conversion of principal and interest during the six months ended December 31, 2022 and the fiscal year ended June 30, 2022, respectively. The Company had 7,343,911,205 and 7,006,411,205 shares of Common Stock issued and outstanding as of December 31, 2022, and June 30, 2022, respectively

So according to this there is/was still $256,926 in toxic convertible "derivative liability as of Dec 31, 2022."