Replies to post #18963 on Plandai Biotechnology Inc (PLPL)

[Aquahoya]

What gave you the reason to buy in the first place? It's an LOI, it taking longer doesn't mean it's not going to happen and vice versa. But that's what happens when you get in these. Very specific post it seems to say outloud that weakness is a main stay.

[MNK3240]

The run started with LOI. The good LOIs/agreements always keep making direct or indirect news as people get to know the other side, their businesses and or further progress in the form of deadlines for doing due diligence, audits, required share structure changes, stuff like that. If that keeps happening, you know the ball is rolling.

If after weeks or months of LOI, there is no further developments or no direct indirect news, in most cases, you know it’s dyeing slowly. Experienced traders know it and that’s when the veteran traders slowly move on. All the signs are here already. Some sees early, some a little late. Not saying it’s done but nothing is helping the cause either.

With 7 billions o/s shares and being a shell meaning without anything going on, it can easily go back to 3/4 range. Just a matter of time.

Hope they release something to keep the hopes and dreams going!

DYDD!