Replies to post #32137 on Plandai Biotechnology Inc (PLPL)

[TerraRyzing]

There is damn near $100K bid support

Somebody knows something

[Kool Aid Man]

Only >IF< FINRA ever approves the merger. I don't think they have a problem with Rick or Byoplanet. Rather, it's the long scammy history of PLPL that forced the SEC to take actions to stop it.

It's only been within the past year or so that Tad supposedly "cancelled" a ton of toxic "death spiral" convertible debts. So how did he do that with no money and an empty shell? Apparently by issuing billions of new shares to those who were owed millions.

On 12/9/2021 Tad announced the cancellation of $6.9 MILLION in "legacy debt" from one creditor.
https://www.otcmarkets.com/stock/PLPL/news/Plandai-Announces-Cancellation-and-Release-of-Legacy-Debt?id=334877; His Quarterly Reports for the periods ending 6/30/21 (annual report) and 9/30/21 says

As of March 31, 2021, the number of shares outstanding of our Common Stock was: 3,937,908,168

As of June 30, 2021, the number of shares outstanding of our Common Stock was: 4,962,623,280

As of September 30, 2021, the number of shares outstanding of our Common Stock was: 5,616,411,205

As of November 1, 2021, the number of shares outstanding of our Common Stock was: 6,186,411,205

However, two years earlier his boss (whom Tad is named on page 8 as legal counsel for) reported (before the SEC shut him and PLPL down)--

"Total Authorized: 500,000,000
Total Outstanding: 363,302,041
https://www.otcmarkets.com/otcapi/company/financial-report/203794/content

There are many other toxic convertible note holders named in subsequent disclosures whose debts are suddenly "cancelled." As a result, the O/S is now 8.2 BILLION... up +2,157% (from 363 million) under his "leadership." However, on page 21 Tad's most recent disclosure reveals PLPL is currently "in default" on approximately $100,000 worth of debt still owed to Dr. Giles Edward Duffield --relative of ex-CEO and SEC barred for life Roger Duffield. Such liabilities don't simply vanish because new management moves in. https://www.otcmarkets.com/otcapi/company/financial-report/368513/content

Then there's the whole claim by Tad that PLPL is now "audited" when his latest disclosure says it isn't.

IMO if FINRA is ever satisfied that Tad has well and truly "cleaned up PLPL" they will allow the reverse merger and takeover by Rick to proceed.

This stock has more going for it than 99% of the junk on the OTC, heck throw in 50% of the big boards also. Game changer in the making!!!