Plandai Biotechnology Inc (PK) (PLPL)

it's only down till it's not

Never, unfortunately.
maybe it's a sign of good things to come

maybe it's a sign of good things to come

People are buying 1's today. Still a big wall to get through though.

What specifically are you referring to?

Link to the filing & include the page number.

Thx.

Well, they checked NO for change of control in the box. So, what does that mean?

Also, the 50B AS and 45B OS does not inspired much confidence other than it's a massive share selling scam.

Well, at least it's not dead.

SWEEET! Maybe this will move finally!

Change of Control!!! --->>> VERY BULLISH!

https://www.otcmarkets.com/file/company/financial-report/476767/content

They amended their last filing just today apparently. Not dead yet I guess

She's movin'. Lets get through this pile of 1's.

Getting some volume this morning. I guess people like money laundering operations?

Likely, but another unsuccessful one at that.
Chinese money laundering operation? I've tracked a few of them ($KWBT was a classic case), called them out, took heat for it as a "paid basher" or just another "shorty who wants your shares" lol.

Whenever you get accused of either you know you're dealing w/ outright liars and/or fools.

Whatevs.

Hope somebody pumps this successfully so everyone can get their exits!

GL

Chinese money laundering operation?

So now we don't file finz anymore? Tad really screwed us with this one.

What a turd this turned out to be.

MSG, it is time to put away foolish toys like this and go crypto. The whole crypto market is at rock bottom, and M2 shows a ton of liquidity coming. That sent the cryptos in 2017 and 2021 nuclear.

We’ve been Breaking Bad’ed. You may be right. They might be buying car washes like Walt

They could, I guess, but they don't seem to care either way. No news or press releases, and a sketchy filing. It is probably some kind of money-laundering front.

I wonder if they’ll suddenly RS this now anyways? The silence is just crazy. Just another reminder of the OTC being akin to the Wild West

That's all we need is another merger. And then they RS ,and we all get screwed.

Crazy isn’t it? I guess we should have known with the weird share structure. 36 bil restricted ok fine, but that should have been a red flag. Taipei 101 location locked me in. Maybe there will suddenly be a 5th new RM partner. Fool me 5 times, she’s going to take me to the cleaners.

Looks that way. Geez.

Dead $$$

Is this turd going to move or what? Still no news?

Crypto, options, futures, etc. And OTC, always.
As I told you before, the action is in crypto now. Not the OTC... Plenty trading opportunities out there now as always.

Current political climate suggests MORE OTCs will run, and fewer will be sanctioned for bad-conduct.

Keep those eyes open, & GLTA.

Oh! Regarding $PLPL - yeah its always been a scam, and each PR'd RM was also a scam.

Taiwanese Caterers gonna make everyone rich?

Lol GL w/ that one.

If you haven't figured it out yet- Tad screwed us, took the money for his shares and ran. As I told you before, the action is in crypto now. Not the OTC. Except one stock-DEFTF, but it won't be in the OTC much longer.

Any tried to email the company? I just sent one. Hoping they get off their ass and put out a PR. official@sanglobal-dining.com

Q3 shows two entries under "Promissory and Convertible Notes."
https://www.otcmarkets.com/otcapi/company/financial-report/416289/content

One is an unpaid ''loan'' from 2015 that has grown from $52,500 to $108,000 plus today. That is a loan that the company can pay off at face value.

The other is a "convertible note" in the amount of $9,323. This note is owed to a notorious toxic "death spiral" lender named Ari Goldstein. Few people realize how a seemingly tiny toxic debt like this can literally destroy a company. According to these contracts the company can't just pay it off with cash but with ever increasing amounts of stock. Most often they convert tranches of 9.99% of the debt owed. The lower the stock price the more shares they can force the company to give them. The price falls when investors see the O/S increasing as those shares are dumped. Typically the next tranche commands exponentially more shares in order to ''true up'' the value of debt being converted. Quite quickly the number of authorized shares is exhausted and the company is legally compelled to increase it again and again to cover the demand as the cycle repeats.

I do note the following:

Total shares authorized: 11,000,000,000 as of date: March 31, 2024
Total shares outstanding: 8,889,034,371 as of date: March 31, 2024

The Chinese took over on April 1st https://www.otcmarkets.com/otcapi/company/financial-report/405464/content

And they promptly raised the A/S from 11 billion to 50 and gave most of it to themselves--

Total shares authorized: 50,000,000,000 as of date: September 30, 2024
Total shares outstanding: 44,889,034,371 as of date: September 30, 2024

90% of the 50 billion A/S has been issued and is outstanding. A ticker trading at .000001 - .0001 isn't likely to implode now due to a toxic lender like Goldstein. However, at these levels, a massive reverse split could make today's prices seem like relative fortunes. The temporary rise in price caused by a R/S means the stock can fall much much farther than where it currently sits. That's how scam tickers often destroy old bagholders and start over. HOWEVER...a toxic convertible debt is still convertible regardless of price.

https://www.investopedia.com/terms/d/deathspiral.asp
Read the SEC complaint to see how the Goldstein schemes work:
https://www.sec.gov/files/litigation/complaints/2024/comp25930.pdf
Goldstein quickly settled the suit for operating as an unregistered broker. But toxic financing is apparently alive and legal

Still no news?

Did they release a Quarterly after the 1st?

5 zeros wtf

This has made zero sense to me since Day 1. Even less sense since then. What is the point of merging into a ticker and spending $100k or more, and not doing anything with it?

Ah, I see. The ask size is much smaller now, so these are retail that changed their sell order from 2 down to 1 to get out of it. Little Johnny wants the GI-Joe with the kung-fu grip for Christmas I guess (or whatever it is kids want these days).

No bid now. Geez.

I know - we heard the whole "Well Asia operates differently than the United States", but this puts the tortoise and the hare on a whole new level. Crazy....and you're right, it could just be people selling at a loss for tax season. We're seeing that in a number of these low trip plays. People can sell then just buy back 30 days later.

I'm not sure what these guys are doing. I don't think it is dilution from the company, since the OS has not changed in a long time. My guess is retail has had enough and is getting out.

Why would they buy a publicly traded company and then never put out news? Seems pointless to me.

100 Bri. I keep seeing these 3 mil blocks going off. Lots of 1s going off here, very accessible. I don't think she's going to make it but never know. Absolute dead silence from Taiwan. What in the world are these guys doing? And Taipei 101 looked so enticing as a building too.

Well, hopefully we get a pumper on X or somewhere to push the price up enough so I can get out of this. I would take this one off my watch list once I am out.

I guess the wacky share set up should have been a red flag? Ooof....crazy stuff. In OTC land, one never knows what trickery awaits. It feels like meeting someone on a dating app and just blindly showing up at their house, hoping you live to see another day. Many dangers lurk here. The water is very opaque, and you don't know what's ready to bite your leg off underneath.

On our way to no bid here.

Ken Patel still shoveling his EV Hotel BS.

https://www.newsworthy.ai/curated/ev-hotel-and-servicetry-partner-to-launch-luxury-eloise-project/20246815
https://www.prurgent.com/2024-09-09/pressrelease473147.htm

Tax-Loss selling season.
Wow. Big dump this morning.

Ho hum

Wow. Big dump this morning.

Investing in sub penny OTC stocks is more akin to walking into an unregulated mafia controlled casino and expecting to leave with their money.

Someone posted a hypothetical saying if they picked 10 OTC stocks and put $1k into each ($10k total)...they'd be lucky if one hit. And even if they were lucky that one would have to nearly 1,000% just to break even.

However, $10k invested in an aggressive fund with a compounded annual average of 20% would return--

1 year------$12,000
5 years----$24,883
10 years--$61,917
15 years--$154,070
20 years--$383,376

Even at 10% the return comes to--

1 year------$11,000
5 years----$16,105
10 years--$25,937
15 years--$41,772
20 years--$67,275

Ive been putting more into ETFs also, as they have a pretty stable, solid gain, although not as exciting as OTCs used to be.

I maxed out my SEP IRA in Fidelity's OTC portfolio after the Dot Com bust and post-9/11 recession. As the max chart (below)shows, apart from the financial crash of 2008 it has performed quite well even thru the worst of Covid --presumably because billions of stimulus money poured into OTC. There was a big drop between July 2021 and August 2022 but it has since recouped all of that. The same pattern experienced by Invesco's QQQ ETF

https://www.barchart.com/etfs-funds/quotes/FOCPX/overview
https://www.barchart.com/etfs-funds/quotes/QQQ/overview

I have FOCPX bar belled with more conservative, less volatile funds.

The FOCPX is an ''actively managed fund" that invests in OTC stocks selected by experienced professional who add and delete companies based on performance etc.

However, Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index thus making it a "passively managed" fund. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international non financial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually. So you get both the good and bad as long as they fall into the top 100.

I'd be curious to know what your research turns up

Need some news here... Any day now new guys.