Plandai Biotechnology Inc (PLPL)

[bottoms up]

Hey guys, been reading your posts for a while now and figured my .02 cents isn't worth much, but after the recent drop I got desperate for info and called the number on their website. According to their operations manager in Seattle, there was a "legacy stockholder" who decided to liquidate 500K shares in a hurry, which caused a fire sale and inevitably, some panic. Furthermore, some investors decided to take a tax loss at the end of the year. I also asked about clinical trials, the progress of the factory etc. He told me that since they now plan to incorporate Pheroid into their products, they essentially pushed back the clinical trials to include the newly acquired technology. I can't quote him, but the first should commence in January-February now, with results sometime next summer. He also explained that the products they use in the trials has to come from the factory, which is another reason for the delay. He didn't mention whether the factory was up and running. This is obviously disappointing news and a big setback, but I ended the conversation optimistic that things are still moving forward and they have potentially huge orders commencing once they finally get things going. I hope this helps, take it with a grain of salt, and I encourage some of you to call as well. Finally, I told him about mine and other investors displeasure with the lack of communication and responses to our emails. Cheers and I hope 2014 is a great year for everyone!