Comment by 15Stanmoreon Dec 12, 2024 1:09pm
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Post# 36359296
RE:RE:Current PLAN Bid Price
RE:RE:Current PLAN Bid PriceThe current 52 week high for PLAN is $0.205 which was hit on November 21 before the release of the Q2 2025 numbers. Given what was shared in the Q2 financial statements and the associated MD&A, I would not have been surprised to see the $0.205 level breeched. The drop back to the $0.165 to $0.18 level has been, in my view, an opportunity to add to our holdings at prices below the current best strike price in the 2029 management stock options.
Based on the source of the PLAN shares recently sold, I can imagine that some sales are intended to crystalize tax losses ahead of the end of the 2024 tax year. I am quite happy to be on the other side of those trades if they are priced below $0.18.
Current bid is 10,000 at $0.18 and 122,500 on offer at $0.185. Nobody has bought at more than $0.18 today.