Renewed upside continues.......Remains on ongoing strength focus...
Notice breaking near term resistance at .35
Prior we made comments this one could take off....
Recall 13mil financing earlier in week....Pretty strong vote of confidence....
Plandai Chairman and Chief Executive Officer, Roger Duffield, commented, "Closing this loan is a significant milestone for Plandai because it provides us with the capital necessary to move immediately into production of our highly bioavailable Green Tea extract without causing any dilution to our shareholders
.......We have already contracted with our USA engineering partner, CRS Technologies Inc. Delaware, to commence the manufacture of our first hydrodynamic processing and extraction system, in order that we can begin the first commercial, bioavailable Green Tea catechin extract production by the end of the year. At the same time, we have begun work on our Senteeko tea estate to make sure there is suitable and adequate green tea crop available in the last quarter 2012.
About Plandai Biotechnology, Inc.
Plandai Biotechnology, Inc. focuses on the farming of whole fruits, vegetables and live plant material and the production of proprietary functional foods and botanical extracts for the health and wellness industry. Its principle holdings consist of land, farms and infrastructure in South Africa. Web site: http://us.lrd.yahoo.com/_ylt=Ao3xSK7LSj1ZpSBkLbWO.b6duodG;_ylu=X3oDMTFuaXBiczg4BG1pdANBcnRpY2xlIEJvZHkEcG9zAzQEc2VjA01lZGlhQXJ0aWNsZUJvZHlUZW1wQXNzZW1ibHk-;_ylg=X3oDMTJuYjM3bjFjBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDZDAwODc5NTQtZDEyMi0zZjhjLWI1ZTQtOGFkMWI1NWRhZWM1BHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQ--;_ylv=0/SIG=11iqkr20c/EXP=1337962274/**http://www.plandaibiotech.com/
Plandai Biotechnology, Inc. focuses on the farming of whole fruits, vegetables and live plant material and the production of proprietary functional foods and botanical extracts for the health and wellness industry. Its principle holdings consist of land, farms and infrastructure in South Africa. Web site: http://us.lrd.yahoo.com/_ylt=Ao3xSK7LSj1ZpSBkLbWO.b6duodG;_ylu=X3oDMTFuaXBiczg4BG1pdANBcnRpY2xlIEJvZHkEcG9zAzQEc2VjA01lZGlhQXJ0aWNsZUJvZHlUZW1wQXNzZW1ibHk-;_ylg=X3oDMTJuYjM3bjFjBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDZDAwODc5NTQtZDEyMi0zZjhjLWI1ZTQtOGFkMWI1NWRhZWM1BHBzdGNhdANuZXdzBHB0A3N0b3J5cGFnZQ--;_ylv=0/SIG=11iqkr20c/EXP=1337962274/**http://www.plandaibiotech.com/
Recall earlier from nbt weekly
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