Q2 Results and MD&A What I will be looking for in the MD&A when it is released later today or tomorrow (December 4, 2024):
1. Sale of unused warehouse lease - information and disclosure of accounting treatment (reduction of Lease Assets and offsetting Lease Liabilities).
2. NCIB update. It will be interesting to see what the October 31, 2024 Net Book Value per share comes in at. This sets the cut off level for open market purchases by PLAN under the current NCIB.
3. Current assets and liabilities management (A/R, inventories and A/P) as well as cash deployment (spending and/or GIC purchase).
4. Gross sales - how has the new sales team performed in Q2 versus past sales levels.
5. Gross margins - have we continued to hold or improve on the recent improvement in gross margin %?
6. Expenses - have the permanent savings identified in the past 5 quarterly reports been maintained and reflected in the bottom line operating profit?
7. Income Tax Assets - has the decision been taken to recognize Income Tax Assets (the value of the loss carryforwards reflected in the $23 million accumulated deficit from the prior 17 years of operating losses)? Given that this accounting treatment will need the blessing of PLAN's external auditors, management may wait until the year end audit to advance this change.
8. Capital expenditures (equipment, mineral property or exploration property categories).
9. Changes in stock options outstanding as additional tranches expired during the quarter.
10. Any subsequent events not already addressed in recent press releases.
What are other shareholders looking for?