Replies to post #33936 on Plandai Biotechnology Inc (PLPL)

[jimtash]

It would be if they could get .0004s. No one can flip because whoever is tossing out those .0005s is preventing it from moving.

[marylandstockguy]

That's always going to be a big challenge on these trip 1 or 2 plays. Like you say, pretty nice 150% profit there. Unless there's just stunning news, a stock isn't going to just explode out of the trips right away. We got that initial news and it got it out of 1/2. We're stuck here until we hear more details. If it drops all the way back down there on no news, good or bad, I would suspect that would be a huge loading zone for a lot of people. The quarterly report clearly states they aren't a shell, and that control of the company has changed, right on page 1.

[varok]

Actually, the folks that bought at .0002 bailed out at .0004 when the volume exploded. The current situation within this session is the churning effect and has many in a holding pattern for more direction from the company. This is generally normal trading pattern going into a New Symbol and Name change.

Notice Tuesday we had huge volume/buys in the .0004 and .0005 range. This appears we are on the bottom or support in this range.

FINRA has a backlog and there are a few issues mentioned on material events on a previous holding. I believe the issue has been resolved. If a concern on FINRA applicant during filing process, there will be a rejection submitted almost immediately via the filing to Web CRD. The process of time is in the direction of no issues is 4 weeks. If there a no complications or reporting issues after the application, there is 10-day grace period and notification is then sent out.

Have a good day.
varok