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Bullboard - Stock Discussion Forum 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... see more

TSXV:PLAN - Post Discussion

Progressive Planet Solutions Inc > Timely disclosures?
View:
Post by 15Stanmore on Jan 27, 2023 4:51pm

Timely disclosures?

PLAN provided this news release today:


Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange TSXV policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares. Under the agreement, ITG will receive compensation of CAD$7,000 per month, payable monthly in advance. The agreement is for an initial term of three months effective September 13, 2022 and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation.

Thanks for this (I guess), on January 27, 2023 covering an activity commenced on September 13, 2022.

They also slipped in the following:


Additionally, PLAN announces that the Board of Directors has granted a total of 150,000 stock options to an insider of the Company, exercisable at $0.245 for a period of three years. All options were granted in accordance with the Company's stock option plan.

I guess this must be a reward/compensation for delivering another 52 week low on the PLAN share price on January 18, 2023 at $0.195. If the options were granted to a single insider as stated, I am confused as to why they used the words "All options were granted" rather than "The options were granted". Were there in fact multiple options involved?

Comment by phantom666 on Jan 27, 2023 7:31pm
Hey Stan, it could have been a copy and paste error,seeing most options are give to more than one most of the time.
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