Replies to post #19403 on Plandai Biotechnology Inc (PLPL)

[Aquahoya]

Well there in the lies the issue for you. This shell is just that. It's not a company. Nothing is going on so why would a custodian who has been granted the shell to clean up and sell, try selling a shell for $5.5 mill? That would be a ridiculous upcharge by whom is cleaning out the shell.

So no. There is a fee the custodian charges for doing all this work which was worked out behind the scenes.

Lastly, we have no clue what company could merge into this shell. Could it be a little bit of a jump to say $10 - 50 million, yes, doesn't mean it can't be.

Additionally, this company has a net income of $12,300,000 roughly. So this ticker is already undervalued.

[zombywolf]

You are talking about apples and oranges. Custodian based shells are different than active pink shells cleaning themselves up. Show one custodian shell that has had net income. Can't because there aren't any, that is why a custodian is there in the first place. A lot of them aren't even pink. When you add auditing and SEC registration, the difference becomes even greater. So the valuation will increase dramatically once the parts are in place. Always makes sense to buy before that happens.