Progressive Planet Solutions Inc V.PLAN

Why Did Investors Bail?

[phantom666]

While PLAN kept the legacy side of the business going strong and adding new customers, they were also paying down the debt from the aquisition of APL.

By my calculation, I see the paydown to be approx $4.4 million in 20 months - "to purchase Absorbent Products Ltd. in February 2022. At the time of purchase, the principal amount of this loan was $6,970,000 as was part of $10,900,000 million in total debt procured to make the acquisition. The current balance of the 25-year loan is $6,505,000 and the company has no other bank debt."

With PLAN putting the Brakes On to just focus on the 3 mentioned products will be a cost savings in itself.

Letting Heffley Creek go, PLAN has plenty of Zeolite on hand to choose from. Their main quarry is Bromley Creek with the Z-1 Quarry being tested for an OMRI listing.

Then there is the Sun Group Zeolite claim, that PLAN owns 3% already, with the option of buying upto 50% that is undeveloped which holds a massive historical amount of Zeolite and a highway runs thru it.

[Edson88888]

I haven't checked it out yet but are we being shorted into oblivion? I have forewarned that if our share prices is purposely tanked it is because we are a prime target to be bought out OR shennanigans to buy up as much cheap shares as possible from the inside. With us going lower and lower 2 things will happen. Be a bought out or consolidate (again). The last possible outcome or reason for

[phantom666]

I have to wait until Nov1st to see if PLAN is shorted. I think investors didn't like the halt for late financials. There was only the CFO that bought 100,000 so far.(I just checked) Furthest thing from their mind is buy-out or consolidation. Did you forget that David Richardson had a hand in PLAN & Zs2 Technologies from day one. The Majority Shareholder of PLAN so no scam IMO. Seeing

[Benedictus]

Shorts were negligible at the mid October update so I doubt this is a short attack. I think it's a confluence of events that's led to the sell off: 1) Rising rates always lead to more risk off treatment of micro cap companies, which is very logical. When the cost of capital is higher, companies way down the food chain are at a far greater risk, so liquidity and interest in the small/micro

[phantom666]

I would'nt rush on the laying blame to the retail investor cuz Anon was doing most of the selling lately.

[KevinOleary]

Anyone can trade as anon. Just tell your broker that you want it marked as anon. Presto, you're on the radar of anon spotters. On another note, my full service broker told me to move my account because the brokerage doesn't want their brokers trading against their bots. To discourage this, they charged me a hefty "annual admin" fee and she told me it would get worse, so I moved