PLPL for breaking .30....report forwarding below....Is an interesting chart........Recall NBT report last week also.....
Best strength from prior mentions; LUXR nicely bought into on midday decline.....debate for intraday volatility given...
Recall ongoing discussions regarding rebuilding off of .40 / rapidly growing Mach5 sales with XCLL.....in additon to pullback from .90 to .40.....
Galena Biopharma: Late Stage NeuVax Justifies Higher Valuation at Seeking Alpha08:10am EDT
InPlay: Aeterna Zentaris regains North American rights for perifosine from Keryx (KERX) Briefing.com07:31am EDT
Stem Cell Biotechs Report 2011 Year In Review: Part II at Seeking Alpha08:33am EDT
Drinks Americas Fourth Quarter Sales Revenue Grows 54% vs. Prior Quarter PR Newswire08:00am EDT
XTend Medical Corporation (XMDC) Signs Letter of Intent to Purchase JoyFull Genius, Inc. Marketwire06:18am EDT
Everybody's Phone Company Announces That the Company Has Ended Negotiations to Acquire WorldWide Wireless, Inc. GlobeNewswire Friday 04:05pm EDT
Penny Stocks (Most Active)SYMBLast%ChgVolume VPER0.0021-19.2%34,081,700 SNPK0.25-5.3%26,790,800 SNDY0.00961.1%20,623,500 NEOM0.01-4.8%16,626,300 MSLP0.020.0%14,097,500 RTGV0.00211.1%12,146,500
Plandai (PLPL) Gets Its $13 Million; Game On
Lest you think the health food sector has not been hot of late, consider the following:
- Annie's (NYSE: BNNY); organic pasta maker- came public at $19 on March 28th- 30 days later the stock hit $44 for a 131% return
- Whole Foods (NYSE: WFM): the best of breed organic grocery store chain has traded from $10 to $85 in the last 3 years- 750% return
- Fresh Market (NYSE: TM): the second largest organic grocer- from $32 to $52 in the last year - 62% gain
- Hain Celestial (NASDAQ: HAIN): natural and organic food manufacturer was $16 a year ago- $45 now - 182% in the last 18 months
- Monster Beverage (NASDAQ: MNST): Formerly Hansen's natural sodas- $20 to $64 in the past year- 220% in the last 15 month.
So, lest you think this sector is not smoking hot- just look at those numbers and I believe you'll see it differently.
Identifying the up and coming small stocks in a hot sector can yield remarkable returns.
Today, before the market opened, Plandai Biotech (PLPL)- a stock I featured back on March 26th, announced a watershed event and one that I am very certain will add PLPL to the big winners list featured in the first section.
Rather than a full review of what the company does, I'll simply reference my initial presentation if you want all the details. The March 26th edition tells you all you need to know. The stock was $.25 that day, and closed at $.28 on Friday- so there's still plenty of upside.
The quick over view- Plandai (PLPL) is a combination agricultural/biotech technology company. The company's founders have developed a revolutionary new technique for super charging Green Tea Extract- a food product in huge demand. Rather than license, they plan to grow tea, process extract, and sell it to major beverage companies to maximize their profit potential.
Today, before the market opened, the PLPL horses left the gate. The company has a 49 year lease on 8500 acres in prime South African tea growing country, but needed money to start growing and to build their processing plant.
Today, PLPL disclosed it had finally gotten the long awaited 100 million Rand ($13 Million US dollars) low cost loan from the South African Land Bank- an agency of the South African government.
The terms of the loan are remarkable- they pay .5% interest- yes, that's 1/2 percent. They don't have to make a payment for 25 months. It's secured by the assets of the company and agricultural receivables. One subsidiary must share 15% of profits somewhere down the road.
At $.27, the stock reflected a company with interesting and exciting technology, but no money to implement its strategies.
This is a resounding endorsement of the company from the South African government. Land must be cleared, tea must be grown, and production equipment must be acquired, assembled, and producing.
Can you imagine owning this stock somewhere down the road when they start getting purchase orders from major international names in the healthy beverage industry?
You're getting this information on PLPL before anyone. The company has filed this information with the SEC, but hasn't put out a formal press release yet. I'm sure that's to follow.
By the time you read this, I have no idea where the stock will be trading. If the market hasn't jumped on it, you might be able to acquire shares at $.30 or under.
Here's what I know. The company announced this funding from the South African government in January, and the stock ran up to $.60. Then there were complications, and it took 3 more months to close the transaction.
A return to $.60 would be a cool double from Friday's levels. Regardless of what happens in reaction to the news in the short term, I am certain PLPL will now join the ranks of the big wins listed in the first section of today's edition.
Much more to come on PLPL.
Barclays to launch Internet retail bank in U.S. Barclays (BCS) plans to dip its toes into the U.S. market with the launch of an online savings bank. Barclays plans to attract customers by offering interest rates of around 1% on deposits. Opinion: The future of global finance.
Bank failures this year rise to 23. Security Bank of North Lauderdale, Florida has become the 23rd U.S. bank failure of the year. Banesco USA of Coral Gables will buy the bank's $101M in assets and assume its $99.1M in deposits. The cost to the FDIC is an estimated $10.8M. Opinion: Small banks less likely to repay TARP.
In Asia, Japan -2.8%. Hong Kong -2.6%. China flat. India +0.5%.
In Europe, at midday, London closed. Paris -0.2%. Frankfurt -0.9%.
Futures at 7:00: Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude -0.7% to $97.80. Gold -0.2% to $1642.20.
Today's economic calendar:
10:00 Employment Trends Index
3:00 PM Consumer Credit
6:00 PM Fed's Lacker: 'Technology, Unemployment and Workforce Development in a Rapidly Changing World'
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