Plandai Biotechnology Inc (PK) (PLPL) ニュース

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.

Its been 14 weeks. Anything happen?

Just a thought, what if this is going to be a legit company? If the top brass already own 75% of the OS then they could make them class D shares and keep the commons remaining as the available shares to trade. Kind of like Rocket Mortgages share structure. 
Just saying...if it's legit, an actual sustainable business they could go public in a non-traditional  IPO. 
Panda Express has its roots from Taiwan...just saying...

You mean Taiwanese...LOL

It's all Chinese to me 

Anybody read thru the filing?

Clean financials, but NO INFORMATION on why its not a SHELL.

Notes (page 18) are not updated to latest business-model, whatever that is.

Insiders hold 73% of the ridiculous O/S, so even if/when they R/S their percentage ownership will remain.

Looking forward to:

1. ANY business update - wtf do these guys intend to do w/ this?

2. File for the R/S already - A/S doesn't necessarily get split (but they could & should reduce it...) so there will be plenty room for issuance if needed.

Need some news to get this thing moving!

Well Doc, at least they filed on time.

https://www.otcmarkets.com/otcapi/company/financial-report/416289/content

Restricted shares are often used as a form of payment for board members, and a way of off-setting the cost of purchasing a company. On page 6 of the last filing (annual filing) we see the new board members and various insiders were granted common shares, which are restricted because they are company insiders (as noted by the SEC rule / registration type "144" on the right side of the page with each entry).
https://www.investopedia.com/terms/r/rule144.asp

Because these are common shares, any reverse split would reverse them as well, but the value would multiply with the reverse ratio, so the holder would still have the same dollar amount after a reverse split.

Thanks Bri that's what I figured. In essence - no more Puribloods, EV Hotels, or ByoPlanets. I just wonder why the enormous restricted share count like everyone else, and when those vest.

Its removal just means OTC has now fully acknowledged the control of the company has changed, and is no longer a shell as it was when Tad was running things. OTC was waiting for that last filing before they could change the shell status.

Help me out Bri - didn't we already know the acquisition had taken place? What does the removal of shell badge do to help us?

Nice!

Is there any significance to that being removed from OTC Markets? Does that just cement that this company is now officially under control of San Global Dining? Will they effectively become San Global Dining and trade under a new ticker?

Shell badge removed!

Take a look at the ones that do covered calls over an index like SPY or QQQ, or individual stocks.The dividends with the good ones have been over 20%, plus you can get appreciation from the underlying holdings. Roundhill would have options with indexes, Kurv with individual stocks. There are more as well. They all beat the pants off what we have here.

ETFs and Mutual funds are similar, but ETFs are traded pretty much the same way a stock is, i.e. - shares. So if you like the concept of stock trading, ETFs are a natural alternative.

With a mutual fund, you buy and sell based on dollars, not market price or shares. And you can specify any dollar amount you want—down to the penny or as a nice round figure, like $3,000. With an ETF, you buy and sell based on market price—and you can only trade full shares.

Are these a similar concept to a mutual or SPY fund? I agree with you guys. I'm working with a financial advisor now to just ensure the main investments outside 401K are done appropriately. It is VERY hard to win picking individual stocks, particularly in the OTC, but really anywhere. I guess the big ones like Apple, Nvidia, and so forth will do well over time, but we're in those in our 401K anyways. It feels repetitive, but that seems to be the only way to ensure growth with individual picks.

I just started looking for ETFs to buy. They are not super exciting like OTCs used to be, but if I can make a solid 20% in one year, that is better than loosing 50% or more from some OTC CEO that loves to dilute.

It is really time to get off the OTC train now. They are all manipulated and the only winners are front runners pumping to sell shares to the clueless. Just since we got here back in the PuriBlood time, a brainless SP500 ETF has blown the doors off this one. Time to stop putting money and effort in the OTC. Might as well leave what you have, too cheap to get out anyway.

I really hope you're right, all of us holders here do, but I still am a bit skeptical it could run that high. Restricted shares or not, a penny would be a 440 mil market cap. That would be a dramatic rise to say the least, and it would have to be predicated on something very big, particularly in this OTC environment.

I'm also wondering why the 500 mil plus volume day, followed by relative quiet. We saw this happen before recently, and it makes me wonder if someone behind the scenes there was trying to force a run by buying a bunch on the news of the annual report. Maybe they were hoping for a run to 4-5 and then doing a big unloading of shares for quick profit. Right now, silence just isn't going to work in OTC world, especially with this type of share structure. I'm in one that has 2.5 billion AS, and it's also at 1/2, because they haven't had news since April.

It’s all about the story Man. In due time this will be heavily promoted and take off toward penny. Once this gets going, it wont stop. CC didn’t waste her time for trip 2, watch! JMO

I might agree with you, but she hasn't said one word why she is here. And she is a pumper, check out some of her other mergers.  Just doesn't add up to be President of a company and say and do absolutely nothing.

Lets see if the VOLUME comes in now…

CFO Caren Currier wants this to run or she wouldn’t have gotten involved. She saw the potential Months ago, It’s Just a matter of time!

I wont break even until 0.0004, so I will be here for awhile. Now, if it hits ~$0.001, then I may pull the rip cord.

If it does you'll be gone I'm sure. I'll stick around and see what happens, maybe there will be a magnificent phoenix rising out of the ashes.
Obviously I'm a glutton for punishment

Most of it was after 3PM ET. At least it is doing something. If this keeps up, we may see 0.0004 by Friday.

Undecided if there's anything interesting in there...
Annual due EOM. Could be interesting reading... Maybe its intentionally opaque?

Like "a riddle wrapped in a mystery inside an enigma" ?

What's next?

Lawyer letter I guess.