Plandai Biotechnology Inc (PLPL)

[MrBiff]

Guay, it's like this.
Read the press release today and you might think that this is some kind of major endorsement of the company by a real investor. That's what the lemmings here believe. The reality is, Lincoln will work with anyone. All you need is a stock with volume. Just sell Lincoln small amounts of stock ($300k this time, most likely $100k in subsequent drawdowns as is typical of their other deals). It's gotta be registered and the registration has to be deemed effective by the SEC BEFORE you sell it to them so that they can sell it immediately. They take the very nice upfront commitment fee and a little profit on all the future fundings. Wash-rinse-repeat. Nice business, eh?

But don't take my word for it, look at the companies Lincoln "invests" in. Look at the charts at the point the deals are announced. Look at how much of the money is upfront. Look to see if Lincoln, this master investor of the OTC universe, ever files a 13G indicating a 5% (signficant) position. In fact, look to see how much follow up there is between the companies and Lincoln. Then use your common sense. What kind of investor commits to fund $15 million yet doesn't know when or at what price they are investing at???? Easy, an investor who has nothing at risk in said transaction.