Plandai Biotechnology Inc (PK) (PLPL) News

We need a good pump like we had back in April! I like Chinese food, but don't see the need to invest in it.

Annual due EOM. Could be interesting reading...

Where have all those pumpers gone?

You know, the ones who claimed 44B O/S didn't matter because local chinese buffets are so popular & these guys supposedly cater.

Or something...

Everyone's cracking down on Chinese investment (as they should). And although Taiwan is not technically part of China, China claims it is, and this company even uses the "ROC" in it address in its last filing. I will be out of this garbage as soon as I can at break even or better.

That's strange. I bought a Canadian stock DEF*TF without that charge. I am unfortunately with Schwab like you.

Schwab told me a $50 transaction fee applied to my purchase
This is listed as a foreign transaction fee. Told to contact Global investing
services.

I think I read that that was going to be paid off in the last quarter. We should see that gone in the next fins.

That would be the hope. Did they say they were down to 55K remaining in debt?

Maybe they paid off the last of their debts and are totally debt free now. Clean filing coming and maybe some good news. Lets hope.

Yup - just another false alarm.

Back to snooze time and watch the other tickers.

We may have spoken too soon? It's early and the volume will probably die down but interesting that it's over 100 million here an hour in. Unfortunately it looks like we're at 1/2 bid/ask.

Been awhile just checking in and catching up on some reading .. ..good ol PLPL

Very strange - I guess the vague tweet got people excited, including me.

But as usual, back to 2's. Same thing a couple of months ago, a boom day out of nowhere, then nothing.

Could be true, but geez, did someone hit the 3s for nearly 26 million shares right at 3:59 and change? That's interesting isn't it?

Not much will happen at this level. Thanks for asking.

Yikes. A bloated pig, to be sure. What happens when the AS is maxed out??

Scary.

Hmmmm...are they applying for an uplist to OTCQB?

If so, that might indicate that they have PCAOB audited financials, a requirement for that uplist. They'd also need that minimum price requirement of 1 cent.

Can this get to around .0005, then do a 1:50 RS to give them breathing space to be on OTCQB at 2.5 cents?

PINK CURRENT! Change in Control! $140,000 PAID!

https://www.otcmarkets.com/otcapi/company/financial-report/405464/content

That's an interesting analogy. Certainly possible - but it's not a direct analogy IMO. Sounds like they did a 1:50,000 share split, and the AS is still 100 billion - 50 billion more than here. Also, the restricted share percentage is way lower than it is here. Here it's about 80 percent or slightly higher, there maybe 55 percent? Also what is FrankSpeech network? Do they have the potential revenue of San Global Dining? It's hard to know. I get what you're saying, but it's just speculation. It is interesting that they did RS their own restricted shares. That could certainly happen here, and almost certainly will at some point - but when? What if it's not until there's a decent run after the annual report? It sounds like Incapta did it at basically .0001?

Finally, it looks like FrankSpeech is going up a bit today. You never know for certain how an RS will play out. We'll see.

She is too fat about 45B OS! Another INCT going on! Save your money 💰

Nice!

Yup exactly - even on a 1:1000 split, you'd still have 36 mil shares which wouldn't be bad. If the split was for good reason and it actually caused upward movement, they could profit nicely. Who knows? It's all just speculation at this point.

Broke a billy in vol 🚀

Hard to say what is up. I believe this same activity happened a little while back and went nowhere. The 36B shares are worth about 3.6 million per ticket, I guess that is profitable from a couple hundred grand they put in.

Yeah very tough to tell what would happen here. As has been pointed out, the OS and AS are big because of the 36 billion plus restricted shares. The argument is that they wouldn't reverse split their own restricted shares, but who knows? Maybe they would - they have a ton of them, and they'd still have a lot even with a big RS. I'm still holding on to see what the annual report says.

Yep, that was me. I even should have sold on that last spike when it touched 7. My biggest worry about this stock is the massive OS and potential for a RS from the new owners. I would rather take a small profit and go somewhere else with the money than get stuck in an RS where I am guaranteed to lose money.

Thanks for that Bri very helpful. I didn't realize they'd only be able to sell at the bid. Plus, this is only a fraction of what they have, so unless there's follow-up like this the rest of the week, my scenario is unlikely.

I'm at a .0006 average so yup, I'm in the same boat. I think it may have even been you that was saying you were kicking yourself for not selling when it got into the double 0s and buying back. I certainly could have done that too. These plays are wildly unpredictable.

I'm not sure how long they have to hold them, but if they want to make money off them, they would have to sell at the bid price, which would make the price stay or go down. Maybe they can sell the shares as a market limit order, but I am not sure about that.

This seems more like an institutional investor anticipating filings or news. Since it happened all at once first thing in the morning, they would have that order in after hours last night, so it gets executed at market open.

Whatever the cause, at least it is moving. I am still in the hole at the moment (averaged at 0.0004), so I need some more movement before I am happy.

Do you get suspicious when there's massive volume very early, and then it comes to a halt?

That always makes me start wondering what's going on. Do we know when the restricted shares can be sold? What if the company started slowly unloading them into the float? Is that possible? You put out a PR and sell on a bump? I'm thinking their strike price may have been .0001 or even in the quad? I don't know how long they have to hold them. Maybe a certain percentage has vested? Just playing Devil's Advocate for a moment.

1B volume! Awesome.

Huge!

Keep nibbling on those 3's. Yum.

That would be big. A tweet is one thing - having the actual numbers is another. That could really get this moving. I think there are still a lot of questions surrounding why these guys need so many dang restricted shares.

Fins 9/30 or thereabout. Be nice if everything got merged in before 6/30 to see what we have.

$$$$$ SHOWTIME!!! $$$$$ -CHEERS!

I just see the tweet on X that was posted by Rainer here. I guess that's what is driving this - sounds like they have virtually no debt left and are saying they have good revenue. The proof will be in the pudding. I have a couple of questions - where is their latest quarterly report, and last year they submitted their annual report in October - should we expect that this year? Those might tell us a lot.

It is crazy volume! Lets see if people start buying 3s now. I have not seen any actual news from the company so far that would drive this.

This is shocking volume. I don't ever remember anything like this (possibly in any OTC, much less this one) in 5 minutes. I'm behind but I'm already seeing 770 million. Are you kidding me?

Wooo! Big volume at open today!

Wow....ok I was wondering why this shocking volume. 650 million in like 2 minutes? WTH??

$PLPL Investors await confirmation from the new Taiwanese owners, expecting significant revenue from the acquisition. The merger has cleared all debts except for $55,000. New management holds 32.4 billion shares, nearly 80% of the total, supporting a patient investment strategy. pic.twitter.com/1TYy6LeiNQ— PLPL Shareholder Network (San Global Dining, LTD) (@TeamPLPL) September 4, 2024

It's like those old "Not Going Anywhere for A While?" Snickers commercials.

News would be great... Any day now...Geez..

What will happen in 14 weeks?

Nope

Has anyone been able to buy 1's lately?

See you all in 14 weeks

I was just thinking the same thing! I started thinking about when OTC's started to change, and I think it was around the time when people were getting Covid relief funds they didn't know what to do with. There was that big spike in OTC's in Feb 2021, but since then, cryptos kept going up and up at the expense of OTC volatility.

Time to look at crypto instead of the OTC. I am thinking that a reason for the lack of liquidity in the OTC for the past few years is crypto. Money that used to be here went there. There have been no real runners in the OTC in the last few years and there have been plenty there. I am moving assets there in prep for the next bull run in crypto. That run will happen long before you see one in the OTC.