Progressive Planet Solutions Inc V.PLAN

Why Get Your Feathers Ruffled

[phantom666]

with this NR? When the PP was announced back on December 22/20, Plan was trading at the 9 cent mark!!

[Edson88888]

Very rare to see accelerated warrants. My guess is the company is doing a "get in or get out" where if the company is going to go higher in share price it's giving heads up to buy what you can or no more cheap shares.

[HHHAPPY]

i THINK IT IS SIMPLY A NEED TO RAISE SOME MONEY TO PAY FOR EQIPMENT BEING INSTALLED AND FOR PRODUCTION OF PRODUCT TO COVER SALES ALREADY SIGNED. oNCE REVENUE RECEIVED WONT NEED TO DO A PP.

[HHHAPPY]

i THINK IT IS SIMPLY A NEED TO RAISE SOME MONEY TO PAY FOR EQIPMENT BEING INSTALLED AND FOR PRODUCTION OF PRODUCT TO COVER SALES ALREADY SIGNED. oNCE REVENUE RECEIVED WONT NEED TO DO A PP.

[Benedictus]

The timing of this acceleration may be necessary for near term financial needs but it is not beneficial for investors already holding a full position, at least in the short term. The sp is sitting right on a major support shelf at .25 and the company is now forcing acceleration of 7.5M warrants for share issuance in  a one month time window, all while having not yet released consolidated

[phantom666]

Don’t forget that Plan is still in the construction phase of optimizing the lines at the plant, finishing the lab in Calgary, plus the engineering and construction of the PozGlass100 plant. IMO though I might be way out in left field with this, calling in the “cheaper warrants”, that shouldn’t be hard to get coverted, and save the low interest loan for later. What you call short term I call penny

[Benedictus]

Yes, optimizing  and scaling up the plant is the priority to maximize the low hanging fruit revenue opportunity for tolling, improve margins on legacy APL products and begin the pilot plant construction for PozGlass. My point wrt warrant acceleration is moreso a concern as to how the market will absorb such a large share issuance on such paltry daily volume. I am unconcerned with flippers and

[phantom666]

I get your point bene. I guess everyone is waiting for the financials to be released which should increase the sp and IMO you can cash in!

[Benedictus]

Im sure they must have really needed the cash and thought this through because otherwise it just looks like a really poor and naive management decision. It doesn't take a genius to realize that  this $1.1M in cash raised could very well  end up halving the market cap near term (from .30 to .15) and souring some short sighted investors.  If weakness continues I'll add some

[phantom666]

The original PP was for 3.5 million units but was increased to 7.5m where Richardson took 1 million and a not named insider 800 thousand.

[Benedictus]

Cheers, that's very helpful! 

[Benedictus]

  The share price is holding up better than expected thus far. Value buyers so far absorbing the flippers. Financials should be out by NLT end of August. The company could not be entering the sustainable fertilizer market at a better time. The demand backdrop with both elevated nat gas prices and both government and consumer demand for natural alternatives to chemical inputs means PLAN