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Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based manufacturing company. The Company is focused on developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products, which are being developed at its C-Quester Centre of Sustainable Solutions for the cement, agricultural and animal care industries. The Company’s product lines include patented and patent pending products which are developed using naturally occurring minerals and the urban mining of recycled materials. Its products are available in over 10,000 retail stores across North America. It focuses on reducing the carbon footprint of the global cement industry by developing sustainable alternatives to traditional cement. Its mineral based products include Activated Barn Fresh, Can Blast Abrasives, CAN DRY, Fresh Coop Odour Control and Red Lake Earth, among others. Its operating mines include Red Lake Mine and Bud Bentonite Clay Mine.


TSXV:PLAN - Post by User

Post by 15Stanmoreon Dec 09, 2024 10:04pm
60 Views
Post# 36353964

December 9, 2024 update from Zoom call

December 9, 2024 update from Zoom callPLAN has an approved NCIB in place that has 2 million shares still remaining for purchase at under the current NBV per share of $0.12. 

8.3 million warrants with a strike price of $0.35 are set to expire unexercised in March 2025 as it is unlikely that the PLAN share price will recover to above $0.35 in the next 3 months. In addition there are 2,020,000 stock options with strike prices from $0.275 to $0.40 that will expire in early 2025. That nicely removes an over 10 million common share potential dilution, and a further 2 million decrease in the issued and outstanding float.

Absent another redundant/underperforming asset sale to add to an already positive cash flow, we are likely in a wait until Q3 results for confirmation of continuing in underlying operational performance.

Given this situation, I would suggest that the PLAN share price will likely trade in the $0.12 to $0.20 range until further news is released.
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