Replies to post #24546 on Plandai Biotechnology Inc (PLPL)

[jimtash]

Nor can I. It's not how anyone with a bunch of powder to get the PPS acts to purposely tank the stock. Only to get it back up post split to the levels it was headed to on its own momentum pre split. Makes no sense.

[KS46268]

Truenorth...20 years trading here and that was my issue yesterday the minute I saw the "news". And I haven't seen many OTC stock recover from a RS...and most just end up doing them over and over.

I like the product for EV...but if you don't know your way around the OTC don't F with the shareholders who are generally here in good faith.

[Doctorday]

I've been investing since I was 10 years old and I'm in my 30's now. That was the first time I have ever seen a merger candidate announce a reverse split before even having their own stock to reverse split with, lmao.

That was either a dumb mistake, a purposeful destruction of shareholder value for pleasure, or a purposeful destruction of shareholder value in order for insiders to acquire large blocks on the lows. Ideally if the latter they will run it the way tsnp/hmbl was done with a big surprise share cancellation announcement. That would also be the most profitable method for them personally and my sneaking suspicion is that they aim to optimize their profits.