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Sunday, November 27, 2022

Plandai Biotechnology Inc (OTCMKTS: PLPL) Breaking Out Northbound after Closing on the “Smart Hotel” EV Hotel Corp Reverse Merger

Plandai Biotechnology Inc (OTCMKTS: PLPL) is breaking out northbound up over 30% on $300,000 in dollar volume in the first 2 hours of trading on Thursday. The move comes as the incoming CEO of with EV Hotel Corp., announced the Company closed on the acquisition of 100% stock of EV Hotel Corp., with the official announcement coming next Tuesday. Plandai also plans to file with the SEC, Finra and OTC Markets Group for both a formal name and symbol change to reflect the new direction and identity of the Company. 

EV Hotel™ has developed the world’s first proprietary disruptive hospitality platform – the “smart hotel,” combining technology, automation, IoT, and crypto with best-in-class service, stylish design, and upscale amenities to deliver a more efficient hotel operation, happier guests, and more streams of revenue. EV Hotel™ CEO Ken Patel states: “I came to set the ultimate goal to revolutionize the hospitality industry like never before. Now one item is checked off and many more to achieve.” 


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Plandai Biotechnology Inc (OTCMKTS: PLPL) is a perfect reverse merger candidate with just $420,000 in total liabilities and no note payables or convertible debt on the books having previously massively diluted the stock. Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. Two recent RM runners that stand out are TSNP/HMBL which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus.

The incoming Company: EV Hotel™ developed the world’s first proprietary disruptive hospitality platform – the “smart hotel,” combining technology, automation, IoT, crypto and NFT with best-in-class service, stylish design, and upscale amenities to deliver a more efficient hotel operation, happier guests, and more streams of revenue. EV Hotel™ revolutionizes how hotels operate by streamlining the guest experience, with thoughtful technologies that eliminate frustrating chokepoints across the guest journey, reimagining the hotel front desk with streamlined check in from its proprietary EV Smart™ app, automating hotel operations, providing upscale amenities, and building new revenue streams which provides a central control point over the guest experience including room controls, concierge, room service and more. The EV Smart™ app provides an all-in-one solution that provides for a seamless guest experience. 

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EV Hotel’s™ “IoT Smart Rooms” incorporates technologies allowing guests to relay requests directly into hotel service allowing hotel staff to see and respond in real-time, based on device-specific data, automatically providing alerts about problems reducing guest disruptions and out-of-service rooms and eliminating the need for preventative maintenance, saving both labor and equipment costs, all while providing significant energy savings. 

EV Hotel™ operates a franchise model and it’s first franchisee is obtaining permits and converting a 63-year-old 114 room Travelodge into Phoenix, Arizona’s first ever smart hotel. It will be a new, cutting-edge hotel in a historically designated building. The design preserves the historic building and transforms it into the city’s first fully automated smart hotel with a hip pool that will mirror a trendy Miami style vibe. 

EV Hotel™ also feature NFT (non-fungible token) artwork that is available for purchase in the hotel’s NFT Lobby and in its designer rooms, featuring one-of-a-kind NFT pieces for sale. Each guest owns their rewards via an NFT purchase, which allows them to sell their entire membership – with its rewards intact – to other travelers. EV Hotel™ is the first hospitality brand with integrated cryptocurrencies, with a dedicated Crypto experience center and trading floor backed by CDX and a special Crypto ballroom.The Parties are conducting due diligence with the intent to finalize a material definitive agreement outlining terms and conditions. Plandai expects its independent two-year audit to be finalized very soon and will form the basis for its operations going forward. 

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Currently trading at a $6.6 million market valuation PLPL OS is 7,343,911,205 with 5,176,257,801 shares in the float. PLPL is a clean shell with just $420k in total liabilities and no note payables or convertible debt on the books. Back in 2014 a year when penny stocks and cannabis stocks especially made spectacular moves, PLPL was among the biggest runners of them all spiking up to over $3 per share at the time. A lot has happened since then including whipping $20 million in debt off the books via massive dilution over the years. PLPL today represents an exciting opportunity in small caps; the Company has just closed on 100% stock of EV Hotel Corp., with the official announcement coming next Tuesday. Plandai also plans to file with the SEC, Finra and OTC Markets Group for both a formal name and symbol change to reflect the new direction and identity of the Company. The “smart hotel,” EV Hotel™ operates a franchise model and it’s first franchisee is obtaining permits and converting a 63-year-old 114 room Travelodge into Phoenix, Arizona’s first ever smart hotel. According to this article “There are 11 locations planned for EV Hotel around the world, with the first set to open in Phoenix by the end of 2022 or early 2023, Patel said in a previous interview with Asian Hospitality. The rest are planned in California, Florida and elsewhere, with corporate headquarters in Atlanta. Mr. Patel said at closing: “I came to set the ultimate goal to revolutionize the hospitality industry like never before. Now one item is checked off and many more to achieve.” PLPL is quickly attracting a growing shareholder base that swears this one goes way higher. Microcapdaily will be covering PLPL / EV Hotel™ as it happens so make sure you subscribe to Microcapdaily.

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Disclosure: we hold no position in PLPL either long or short and we have not been compensated for this article.

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