RE:RE:2018 Financials Released Agreed. And likely the only reason the preemptive contract announcement was done to prop up/justify the share price ahead of weak earnings as there was really no other reason for an announcement until things are signed. (and in fact just adds risk in my own opinion to those buying in on "anticipated" contracts)
Although it would be nice for the funds to be raised in conjunction with a listing on a larger stock exchange, (which may also need a share consolidation) I'm not sure that can be done quick enough at this point. I would prefer to see some debt bridge them until they can do that.
Still positive on the future and been invested here for several years, with way too high a concentration in my porfolio, but I do have confidence in the long game here despite some short terms blips.
Regards,
Berzy
digitel wrote: This is probably what's holding back the stock...
More dilution is ahead and to both address the working capital shortfall and have enough working capital for business going forward how much will they raise?
"The Company has incurred, in the last several years, operating losses and negative cash flows from operations, resulting in an accumulated deficit of $51,066,540 and a negative working capital of $4,101,429 as at December 31, 2018 (December 31, 2017 - $43,200,708 and $9,527,105 respectively). Furthermore, as at December 31, 2018, the Company’s current liabilities and expected level of expenses for the next twelve months exceed cash on hand of $644,981 (December 31, 2017 - $622,846). The Company has relied upon external financings to fund its operations in the past, primarily through the issuance of equity, debt, and convertible debentures, as well as from investment tax credits."
Read more at https://stockhouse.com/news/press-releases/2019/04/30/pyrogenesis-announces-2018-results-revenues-of-5-03mm-gross-margin-of-22#yUfHZMYjucMVcvOT.99