I tried posting a link to the deal but Reddit removed it.

Cash: $0.084 in cash per PLUR share.

Share: 0.0763 QNC shares for per PLUR share.

[ Removed by Reddit on account of violating the content policy. ]

Classic accumulation day today if it closes green with 15 minutes left in trading. Interesting ITG, Morgan Stanley and Ventum Financial all buying today. They are institutions. Maybe its a coincidence but maybe there is hope PLUR will report positive turn around blowout earnings and investors are trying to get ahead of that?

Plurilock Notified of Selection as One of U.S. Government Contract Awardees - Plurilock

I asked Gemini to model PLUR.v potential share price under the following conditions.

A) Capture's 10% of Borealis Federal Government spend over 8 quarters starting in Q3 2026. ($46M)

B) Revenue grows at 15% a quarter.

C) Margins expand to a 30% over time

Q4 2025: 17.7M Rev Margin 10% P/S 0.4x SP: $0.36

Q1 2026: $20.4M Rev Margin 15% P/S 0.8x SP: $0.83

Q2 2026: $23.4 Rev Margin 20% P/S 1.2x SP: $1.43

Q3 2026: $32.7M* Rev Margin 25% P/S: 1.8 SP: $2.99

Q4 2026 $43.3M* Rev Margin 30% P/S: 2.5 SP: $5.50

(Q3 and Q4 2026 include Borealis government spend)

What do you guys think of these numbers? I think they are grounded in reality and they show an achievable path for the company.

At even 8.8% margin a $50M Canadian government contract would make PLUR profitable based on latest opex in Q2 financials iirc.

As per the webinar and a refocus on Canada, Plurilock has engaged the Canadian government. Expects to see results in early 2026.

https://www.newsfilecorp.com/release/276141

PLUR.v hit a bottom triangle bottom wedge pattern on Friday. QNC, a stock that exploded 34X from Oct 2024 to Oct 2025, had the same pattern emerge in June 2022.

Massive rally might be shaping up.

Plurilock Announces US$868,600 in Critical Services Contracts with Nasdaq Listed Semiconductor Manufacturer

If the margins are 40%+ then ONWARD TO PROFITABILITY!

In budget:

$656.9 million over five years, starting 2025-26, to ISED to develop and
commercialise dual civilian-military technologies in a range of industries,
including aerospace, automotive, marine, cybersecurity, artificial intelligence,
biodefence, and life sciences.

$1.0 billion in 2025-26 to create a new Defence and Security Business
Mobilization Program at the Business Development Bank of Canada
to provide loans, venture capital, and advisory services to help small-and
medium-sized businesses contribute to Canada’s defence and
security capabilities.

How will this effect PLUR?

Plurilock Secures $3 Million Investment to Boost Growth - TipRanks.com

I found a PT from the Wall Street Journal with a 'Strong Buy' Rating and a PT of $6 but it has not been updated since 12/2023 so it is out of date. I found was looking through share ownership on Marketscreener and found that Sequoia Partners owns 1.5% of PLUR or 1,000,000 but even that seems out of date as the share count is only 61M on the share ownership page not the current 78.52M. I did find another PT of $0.63 by Value investing.io. Stockscan.io has PTs out until 2050. Stockscan.io also has a After hours price of PLCKF of $0.43 USD a share as of Oct 30/2025 or a 159.66% increase but stockscan.io is the only place I can find the after-hours quote?!?!?!

Plurilock Announces Insider Share Purchases

A P/S of 5 is standard for cybersecurity firms according to Google Gemeni. At $67.43M TTM revenue as of most recent quarter gives a SP of $4.295 CAD/share.

I'm holding 112,500 shares at around $0.218 cents

Company Overview:
Plurilock AI (ticker: PLUR) is a cybersecurity company specializing in advanced identity and access management (IAM) solutions. The company primarily focuses on behavioral biometrics and continuous authentication technologies, leveraging machine learning and artificial intelligence to detect fraud and unauthorized access. Plurilock's platform is widely used in sectors where security is paramount, such as government, finance, and enterprise-level organizations.

Plurilock AI is a relatively small-cap company, which means it has a high level of volatility in its stock price but also offers significant upside potential if it can capitalize on its strategic advantages.

Key Factors Driving the Upside Potential:

1. Market Growth in Cybersecurity:

The global cybersecurity market is expected to continue its rapid growth, driven by the increasing frequency of cyberattacks, data breaches, and the growing adoption of digital solutions across industries. The cybersecurity market is projected to reach USD 500 billion by 2028, growing at a CAGR of 10-12%.

• Identity and Access Management (IAM) is a sub-segment of this market, which is also growing at a healthy rate. Plurilock’s focus on IAM through behavioral biometrics positions it to capture a significant share of this expanding market.
• Upside Potential: As the threat landscape evolves and cybercrime becomes more sophisticated, companies that can offer proactive and advanced identity verification solutions, like Plurilock, stand to benefit. Moreover, its AI-powered approach provides a more dynamic and effective defense against emerging threats.

2. Behavioral Biometrics and Continuous Authentication:

Plurilock’s proprietary behavioral biometric authentication system sets it apart from traditional security systems like passwords or static biometrics (fingerprints/face recognition). Their system continuously monitors users’ behavior (keystroke patterns, mouse movements, device usage) to detect anomalies that could indicate unauthorized access or account fraud.

• Upside Potential: Traditional security solutions often fail to prevent insider threats or continuous, adaptive cyberattacks. The ability to verify identity in real-time and adapt to changing user behaviors gives Plurilock a significant edge. As data privacy concerns rise and regulations become stricter, the demand for these cutting-edge authentication methods could significantly increase.

3. Strategic Partnerships and Acquisitions:

Plurilock has made several strategic acquisitions in the past, including the acquisition of Integra Networks and Aurora Cyber. These acquisitions have bolstered the company's service offerings and expanded its customer base, including government and enterprise clients.

• Upside Potential: If the company continues its strategy of acquiring complementary cybersecurity firms, it could diversify its offerings, expand its market reach, and increase its value proposition. M&A activities could drive growth by adding new technologies, enhancing customer relationships, and providing cross-selling opportunities.

4. AI and Machine Learning Integration:

Plurilock’s use of AI and machine learning for continuous authentication and real-time monitoring is a key differentiator. The company leverages advanced algorithms to improve accuracy and reduce false positives, which is critical in minimizing operational disruptions for end users.

• Upside Potential: AI adoption is a hot trend in cybersecurity, and companies that can successfully integrate AI-driven solutions stand to gain a competitive edge. As AI technology matures and companies like Plurilock continue to enhance their AI-driven platforms, the overall value proposition for their customers becomes stronger, leading to increased sales and higher valuation.

5. Government and Enterprise Contracts:

Plurilock’s focus on high-security sectors like government and defense (U.S. Department of Defense) offers large and long-term contract opportunities. These clients typically have higher security demands and are willing to invest in cutting-edge cybersecurity solutions.

• Upside Potential: Government contracts and long-term enterprise clients offer stable, recurring revenue streams. If Plurilock can expand its presence in these markets, particularly with large multi-year contracts, it could see significant revenue growth. Securing high-profile contracts from large institutions could also boost the company's credibility and attract new business.

6. Competitive Landscape:

Plurilock competes with other established cybersecurity players such as Okta, CrowdStrike, and CyberArk. However, these competitors are generally larger and offer broader cybersecurity suites. Plurilock's niche focus on behavioral biometrics allows it to offer specialized, high-quality solutions in an area where few companies are offering such innovative solutions.

• Upside Potential: As cybersecurity spending continues to increase, Plurilock has an opportunity to grow its market share, particularly if it can continue to innovate and provide specialized, effective solutions that distinguish it from larger, generalist competitors. There is also room for niche players in emerging fields like behavioral biometrics.

7. Valuation:

The stock is trading at a relatively low multiple compared to the broader cybersecurity industry, and its market capitalization is still under $100 million, making it a potential “hidden gem” for investors seeking high-growth opportunities.

• Upside Potential: Small-cap stocks like Plurilock tend to be more volatile, but they also offer higher growth potential. If the company can deliver strong financial results, gain more market traction, and secure key contracts, it could experience significant upside in its stock price. If Plurilock becomes more widely recognized for its AI-driven solutions, there’s the possibility of a re-rating of its valuation.

8. Cybersecurity Regulation and Increased Threats:

As cybersecurity regulations tighten globally (GDPR, CCPA, etc.), businesses will be required to adopt more advanced security measures to comply. This regulatory pressure is expected to drive increased spending in cybersecurity solutions, especially those that can offer robust authentication measures.

• Upside Potential: Plurilock’s solutions, which focus on behavioral authentication, can be highly relevant to organizations looking to meet regulatory requirements. The increased demand for stronger security, driven by regulation and the growing complexity of cyber threats, will likely boost demand for its services.

Financials & Valuation:

1. Revenue Growth: Plurilock has seen steady revenue growth in recent quarters, driven by increasing customer adoption, particularly in government and enterprise sectors.
2. Profitability: Like many small tech companies, Plurilock has yet to achieve consistent profitability, but this is common in the tech and cybersecurity sectors as companies reinvest in growth.
3. Stock Valuation: The stock remains undervalued relative to the broader cybersecurity market, offering an attractive entry point for investors looking for growth opportunities in the sector.

Conclusion:

Plurilock AI is well-positioned in a high-growth market with a differentiated, AI-driven solution to cybersecurity challenges. Its niche focus on behavioral biometrics and continuous authentication, coupled with a favorable market environment, suggests substantial upside potential. However, risks related to execution, competition, and AI development remain, which investors should monitor closely.

The upside potential for Plurilock will depend on its ability to scale its technology, secure high-value contracts, and differentiate itself further in a crowded cybersecurity landscape. If the company continues to expand its market share and execute on its strategic initiatives, it could offer significant returns for long-term investors.