RE:Drostite InternationalThere is no confirmation that Drorite International is owned by PYR but rather an earlier news release from the US entity (in a earlier post on this board) is that Peter is CEO of the entity. Peter very much likes full control as in PYR.
The suspicion is that Peter owns or substantially owns the US company and not PYR. Is this a non arms length transaction???
I hope that this is not the situation and if the contract is for $500 million OR MORE ... than the Canadian public shareholders may be getting short changed ... The length of the contract is for 20 years WHICH SUGGESTS SUBSTANTIAL VALUE TO THE CONTRACT.
PYR and Peter require full disclosure here. Especially since we own the trademark and the proprietory sytem. Peter has explained in my earlier post today how important Drosrite is to the future of PYR. There is a bad smell here...
ps - the fact that the stock is only 60 cents is a joke ...