RE:RE:RE:RE:RE:Question for all the negative posters.
kjs4381 wrote: In business for 28 yrs, but have they been doing the same business? What about the business section that pyr sold off that eventually was bought by GE 700 million. Oh I see, that doesn't say anything about their knowledge of how to grow a business. Also Teflon, I thought you had promised to leave the board for a month?
How much of the $700mm did PYR get? I hadn't heard about that transaction and would like to learn more. Thanks.
By the way, the following quote is taken from the PYR 3rd quarter 2919 financial report;
"Liquidity
The Company has incurred, in the last several years, operating losses and negative cash flows from operations, resulting in an accumulated deficit of $55,163,886 and a negative working capital of $8,509,212 as at September 30, 2019 (December 31, 2018 - $51,066,540 and $4,101,428 respectively). Furthermore, as at September 30, 2019, the Company’s current liabilities and expected level of expenses for the next twelve months exceed cash on hand of $276,067 (December 31, 2018 - $644,981). 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"
So, to put things in perspective... an accumulated deficit of $55mm+ and negative working capital of $8.5mm+ it doesn't appear PYR. Received the benefit of the $700mm.
i understand that some people operate with blinders on and only see what they want to see. Others, (called bashers here... guilty) actually look at filed financial statements. I hope the contract payment is received and the company can be profitable and cash flow positive. That doesn't and won't preclude me from considering ALL public information in evaluating any companies I'm interested in. Like Teflon I feel a responsibility to help guide less experienced investors just as the Pom Pom gang tries to pull them forward with a hoe and a prayer. Oh... Cheers