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Re: Due Diligence Virtuoso post# 29399

Tuesday, 05/16/2023 5:41:25 PM

Tuesday, May 16, 2023 5:41:25 PM

Post# of 34894
Tell it to Tad..he posted updates on 6/22/2022. Here's what he said---

"The (SEC's) decision to cancel the fine and interest completes the settlement of all known significant legacy debt against the Company, including the previously announced settlement and release of $6.9 million in outstanding notes payable to Berkshire Capital Management Co. and various third-party legacy lenders."
https://www.otcmarkets.com/stock/PLPL/news/SEC-Cancels-Regulatory-Penalty-and-Interest-Concerning-Legacy-Civil-Enforcement-Action?id=362096

Apparently those "irrelevant 2018" fines and debts and "legacy debts" owed to the Duffield mob were problematic enough that Tad had to cut some sort of deals to "cancel" them this spring.

Again...all the cheering last summer that "the past was the past" and that "this is a clean shell" were clearly premature. Such obligations don't magically disappear just because management changes.

Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.