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Saturday, November 26, 2022

Plandai Biotechnology Inc (OTCMKTS: PLPL) Heating Up After Company Signs LOI with “Smart Hotel” EV Hotel Corp

Plandai Biotechnology Inc (OTCMKTS: PLPL) is moving up in the triple zeroes trading 600 million shares on Thursday and another 200 million shares on Friday after the Company announced its entry into a non-binding letter of intent with EV Hotel Corp., a Georgia corporation. 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.

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. 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.  


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Plandai Biotechnology Inc (OTCMKTS: PLPL) a Nevada corporation, is a publicly quoted shell company seeking to create value for its shareholders by merging with another entity with experienced management and opportunities for growth. The Company was incorporated in the State of Nevada on February 24, 2004. PLPL has since remained incorporated in Nevada and has undergone a number of name changes and changes in business direction in the past. The Company currently operates as a shell company. 

Back in July, Plandai terminated its LOI with Ms. Jessie Chiang and the Puriblood Leukocyte Reduction Blood Filtration System. According to the LOI the Company and Ms. Chiang intended to complete due diligence to reach a material definitive agreement whereby Ms. Chiang, through entities she controls, would license to the Company the exclusive rights to the Puriblood technology for North, Central, and South America for a period of 30 years. Upon closing of the proposed transaction, Ms. Chiang would have acquired a controlling interest in the Company and would have become the Company’s Director, President, and Chief Executive Officer. The LOI was terminated. 

On October 6 PLPL announced its entry into a non-binding letter of intent with EV Hotel Corp., a Georgia corporation. 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. 

EV Hotels CEO Mr. Ken Patel stated: “Great things in business are never done by one person; they’re done by a team of people. Innovation is a team sport. We are excited to see the future of hospitality have an innovative mindset and EV Hotel is leading the revolution.” 
PLPL CEO Tad Mailander stated: “we have worked tirelessly to locate a suitable merger candidate for Plandai to return value to its shareholders. With our sights now focused on completing our due diligence work with EV Hotel™, I am confident that we will finalize a transaction worthy of the commitment and confidence our shareholders have placed in the whole Plandai team.” 

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Currently trading at a $6.2 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 $420,000 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 announced an LOI with Ken Patel and his EV Hotel™ developer of the world’s first proprietary disruptive hospitality platform – 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 recently formed a partnership with CDX crypto, started a pilot program at Arizona State University to fill future jobs in the hospitality industry as well as getting the starting quarter back of the Houston Texans on his team. PLPL has plenty of room for growth from current levels and could trade significantly higher if the LOI with EV Hotel™ is consummated. Microcapdaily will be covering Plandai / Puriblood RM as it happens so make sure you subscribe to Microcapdaily right now so you don’t miss it. 

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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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