Replies to post #32170 on Plandai Biotechnology Inc (PLPL)

[okwife]

plpl is pure garbage!! and no one will buy after a r/s!!!

[Kool Aid Man]

Until the merger is finalized and approved Rick is not in charge of PLPL. For the present, attorney Tad Mailander remains the sole officer, director and control person of PLPL --an OTC "shell risk" .0004 micro cap ticker.

Let me be clear: I'm not saying that this reverse merger and change of control will not happen. It very may will. But there has been no official news posted on OTC for two months now. Here is that announcement. https://www.otcmarkets.com/stock/PLPL/news/ByoPlanet-Announces-Completion-of-Share-Exchange-Agreement-with-Plandai-Biotechnology?id=401144;

Note that the above announcement contains multiple "forward looking/ safe harbor" terms which can be read at the bottom of the statement. For example:

... PLPL shall acquire... The Parties agree that, at closing, through the transactions contemplated by this Agreement... will become a wholly-owned subsidiary... ByoPlanet's CEO, Rick O'Shea, will step into the role as CEO of Plandai moving forward ...

IMO there will be no doubt whatsoever when the merger and change of control are well and truly finalized. However, a lot of people here got burned in Tad's two failed reverse merger announcements within the past year. Then as now it was inconceivable that those deals would collapse until they did.

At .0004 the downside seems limited. However, if Rick makes good on a big reverse split I don't think it is.