Replies to post #324 on PROGRESSIVE PLANET SOLUTIONS INC (PLAN)

[kahlua]

Reduced my position considerably after disappointing YE results.
Significant margin compression due to inflation pressures..
Now I understand why the owners sold. Margin erosion began during Covid and accelerated recently in a big way. The APL team lacked adaptability.
Despite recent warrant acceleration, Cash is the near term concern so Q1 results (out soon) should answer some questions.
Bigger picture potential is still there especially with Q3 tolling rev potential and as we get further details on SCM commercialization plans.
Shares out plus a large number of warrants has the f/d shares near 150M or a 45M market cap for a company with barely $20M sales trying to claw back gross margins toward 20%. That’s very overpriced imo… investors are giving too much valuation premium to unproven uncommercial IP. So I’ll hold a few and watch for the market to come to its senses. But insiders are strong supporters of the stock so that’s a big plus and certainly buttresses the share price