Plandai Biotechnology Inc (PLPL)

[Kool Aid Man]

"Kool's prediction of a 10,000:1 ratio is flawed, as new management would want to build up their loyal shareholders, not drive them away. Owning all the shares would create a private company environment, completely defeating the purpose of going public."

And what "loyalty" would new management have to shareholders that bought prior to a merger and whose money has already been blown or stolen? There's not a giant safe full of cash from the billions of shares sold by former crooked/ SEC barred CEO Roger Duffield & his clan.

Every current shareholder --including those going back decades-- hasn't contributed one thin dime to Byoplanet. All are liabilities in that they expect to profit from business activity they have not yet helped finance.

Reverse splits are a prime way new managements quickly rid themselves of those who were fleeced by old managements AND increase the A/S (by stealth) at the same time. That's why people run for the hills when a R/S is announced just as they did when Tad announced a 1:100 R/S on 11/8/22 as part of the last failed merger. Otherwise known as "wash, rinse, repeat."

It is not the job of new owners to make old investors whole much less rich. EVERY company looking to go public wants a clean ticker with 100% of shares available to them to put money into THEIR pockets.

Reverse splits never happen... till they do.