Replies to post #30207 on Plandai Biotechnology Inc (PLPL)

[Big Hook]

Yes and I made a quick $385000. This one will do the same thing

[Kool Aid Man]

The company you cited executed a 1-for-4 R/S on 2/26/21. If it was $0.75 when it reversed the new price would have been $3.00.

The quarterly for that period says
Total shares authorized: 7,450,000,000 as of date: March 31, 2021
Total shares outstanding: 974,218,599 as of date: March 31, 2021

As a result they upgraded the ticker to OTCQB... however..............

The A/S remains at 7.45 billion but the O/S has exploded +290% to 3.5 billion.

Worse yet, those $3.00 shares are now worth $0.00325. That's a loss of -99.89 since the R/S.

IMO anyone who thinks a R/S is a good idea or without substantial risk would be well served to heed this example.