PROGRESSIVE PLANET SOLUTIONS INC (PLAN)

[kahlua]

Very quiet here. I’m still holding half a position. Fully diluted share count is now 150M, which is rather high, especially considering the pre-commercial status of their blue sky opportunities with fertilizer and SCM. While Steve is very informative with his YouTube presentations, what is really missing for investors to connect the dots is the company’s current capacity available for legacy vs blue sky businesses and how expensive would it be to scale up?
Steve had said the pozglass pilot plant could cost $10M just to test if it’s economically viable. But there’s not enough cash/cash flow, so how can this plant be funded without further dilution?
The collaboration with PYR is exciting if it bears fruit. Hopefully they can offer results on those tests prior to YE. We should also get a better idea of the fertilizer potential once trial results come back before YE. Lots of irons in the fire but for now the market is really just giving value to the legacy business and virtually none to IP or blue sky potential and I’d guess this is due to the likelihood of further dilution.