Replies to post #27278 on Plandai Biotechnology Inc (PLPL)

[Kool Aid Man]

All a penny shell needs izza believable STORY with a partner willing to go along and whom can be blamed --directly or indirectly-- when it fizzles. Tad has been involved in PLPL long enough to know this.

Twice in the past 7-8 months he has announced "non-binding letter of intent/ agreements" knowing they would send discussion boards into a frenzy resulting in speculative runs.

7/27/22 Plandai Biotechnology, Inc. Announces Termination of Non-Binding Letter of Intent-- "Ms. Chiang intended to complete due diligence to reach a material definitive agreement..." (so it was HER fault)

10/6/22-- "Plandai's CEO, Tad Mailander, concurred, stating "we have worked tirelessly to locate a suitable merger candidate for Plandai to return value to its shareholders. With our sights now focused on completing our due diligence work with EV Hotel™, I am confident that we will finalize a transaction...."

1/4/23 Plandai Biotechnologies, Inc. Announces Termination of Asset Acquisition Agreement with EV Hotel --" The termination was agreed to by both parties..." (obviously Ken's fault).

IMO Tad knows exactly what he's doing... dribble out enough just enough info to light the fuse knowing others will fill in every blank, hype it to the heavens and sell into the run. And when it collapses he can lay blame on others.

If he were honest and ethical he would keep his yap shut until a merger was actually finalized. It's not like shareholders have a say in the matter or even the right to know. No...there's a reason for these "LOI" announcements. Just look at how the market reacts.

Wash, rinse, repeat.