Plandai Biotechnology Inc (PLPL)

[marylandstockguy]

That would be an astonishing rise from the ashes if it somehow got to Nasdaq. I think you need an initial price of $4 to qualify right?

In support of your theory, in our best-case scenario- a year down the line this has run like a Spooz or one of the others ones mentioned. A year from now they do the RS and all of the authorized and restricted shares are RS’ed as well. Because you have such a large amount of OS currently, the market cap and minimum price requirements are met to reach NASDAQ qualifications a year from now. Maybe these guys ARE thinking a penny in a year is possible. Then maybe you have the option of a 1:500 split to reach 5 bucks, or you just work your way up the boards and try to get to OTCQB. If things are moving you have options.

I’m thinking that the reason they have so many restricted shares is they know that, eventually, this will do at least a 1:100 split to move up the boards. If that happens these board members would still have like 350 mil shares between them.

All of this makes me cautiously optimistic. I tell ya what though a lot more optimistic than after EV Hotel, Puriblood, etc. To answer that other poster’s question, I think this was why people were buying. Sudden optimism after what looked like a ticker that might never succeed after 3 whiffs.