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Bullboard - Stock Discussion Forum
Pioneering Technology Corp
PTEFF
Primary Symbol:
V.PTE
Consumer Cyclical
Pioneering Technology Corp. is an energy smart technology and consumer products company. The Company is focused on developing advanced thermo-based technology solutions for household products and appliances. The Company operates through the development, manufacture and sale of products intended to save energy and offer consumer convenience and safety. The Company’s products include Smart Burner...
, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set. SmartRange monitors changes in the range’s cooking temperature and signals a pre-alarm if a cooking fire risk is detected. With patented temperature limiting control (TLC) technology, SmartBurner easily replaces electric coil elements and prevents the burner from reaching the temperature at which cooking oils auto-ignite. SmartMicro helps prevent unnecessary alarm activations. It also helps guard against microwave fires from starting.
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TSXV:PTE - Post Discussion
Pioneering Technology Corp
> No news on tariffs
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mirdad22
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Post by
mirdad22
on Mar 03, 2021 9:42am
No news on tariffs
In this latest earnings release they never mentioned the status of their submttal to have the tariffs waived.
maybe this is the reason for the sell off?
(5)
•••
mirdad22
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Comment by
mirdad22
on Mar 03, 2021 10:09am
My mistake, there is an update Pioneering continues to work with legal counsel in the U.S. to pursue a potential exemption from these tariffs based on a similar exclusion recently recognized by the U.S. Customs and Border Patrol Service. However, there can be no assurance that the Company will be successful in having its products exempted from the tariffs, nor can there be any assurance
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