PLAN April 30, 2022 Year EndHello fellow PLAN shareholders.
With PLAN's April 30, 2022 year end now passed we will have to wait patiently for the audited financial statements to be released in order to get our next fill of currently material non-public information. Last year this occurred on August 27, 2021 - 119 days after the year end close.
With the game changing APL acquisition closing in the 4th quarter in February 2022, the 2022 audited financial statements will eventually disclose the financial details of this transaction. Until we have access to this data, our assessment of the potential value added to PLAN's underlying net worth will remain a best guess. As such, I expect the stock price to fluctuate around the $0.35 mark (plus or minus 5 cents on either side).
There appears to be a group of investors willing to add to their holdings as sellers drift down to 32 or 33 cents per share, which is a discount to the recent December 2021 private placement and the recent round of stock options granted to insiders. I believe this offers the opportunity for investors to complete their due diligence on this rapidly evolving company and to establish a reasonable position without running up the share price. I also anticipate positive numbers when the April 30, 2022 results are released, with the share price moving up as a result. With positive Q1 and Q2 results in hand, I expect to see PLAN trading back above $0.50 by December 31, 2022.
Cheers,
S.