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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

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  • 15StanmoreX
Post by 15Stanmoreon Dec 04, 2024 2:43pm
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Post# 36345714

Q2 2025 Results (Post 1)

Q2 2025 Results (Post 1)
Hello fellow PLAN shareholders:

I am working through the Q2 2025 quarterly financial statements and MD&A, and will post comments as I go. Here is the first.

First unexpected item in the 2nd quarter is the further write down of their last "Investment in Private Companies", this being the shares and warrants in ZS2 Technologies. With ZS2's recent Rights Offering allowing the purchase of additional shares of ZS2 at $0.50 per share, the current carrying value of $1.65 per share was logically $1.15 per share overstated. This has resulted in the recognition of an unrealized loss of $646,500 in Q2 2025. This comes as a further write-down from the $227,500 loss recorded in fiscal 2024. 
 
In the absence of this "Investment in Private Companies" write-down, the bottom line results for Q2 2025 would have been $1,270,000, or 103.7% higher than actually reported. Please see my update on the Return on Equity calculations of the 6 individual business activities that make up the overall PLAN operations which will be posted later today.

Based on the results to date, "Investing in private companies" by PLAN has not been a positive (value added) experience and therefore is not an activity I would expect the Board to be allocating any additional valuable shareholder equity in the future. Let's add this result to the official Corporate Memory and learn from the experience going forward.
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