RE:RE:RE:Ok Bashing trolls, another nail in your coffin of doom.... Ron, perhaps you can provide clarity on your understanding of the numbers and PR wording, please.
When PYR issued the Oct 9/19 PR it said "PyroGenesus announces final signature towards $20M contract..." It didn't say PYR was awarded a $20M contract. Since DI has disclosed they have a $17M contract with Radian, and they will manufacture the Drosrite units in the US, and PYR announced they have an agreement with DI that licenses them to produce the units, it can be easily be interpreted that the Oct 9/19 press release referred to PYR having knowledge their licensee had signed the contract. Since DI is manufacturing the Drisrute units in the US, and manufacturing expenses will need to be covered, it can appears the funds available to PYR under the licensing contract would necessarily be limited to the profit margin on the contract minus whatever portion of the profit DI retains for doing all the work. On the bright side, if the margin on the contract for 2020 is 30%-40% it could still mean $6M-$8M net for PYR which wouldn't be too shabby. We don't know what payments the licensing contract PYR has with DI calls for.
Do you think PYR will receive the full $20M (DI says $17M) in revenue or a lesser amount covering licensing fees with some profits being retained by DI? Serious question.
Uncleron wrote:
I guess Peter invested another $180,000 because he knows good things are happening . So I did what Peter did, I bought more shares. Will the manipulators strike today again ? I'm going to check, thanks Peter.