RE:RE:RE:RE:Pyrogenesis Share Buyback - Share Cancellation Remember this? Not a flamethrower https://www.boringcompany.com/not-a-flamethrower
Pyro should make one. I would buy two!!
BCONTVentures wrote: Peter has a great sense of humour. I'm kind of surprised that he didn't mention using plasma torches to destroy the stock certificates of the shares being cancelled. That gives me an idea... maybe use plasma torches for cremation? (That's a joke btw)...
developbc wrote: Indeed a great sense of humor! And with the military contract waiting for $...it brings backlog to $40MM! The house will definteily win!
I think killbill just posted if expect a pullback....
Maybe that song ceo posted recently dedicated to a response to a poster day before 2019YE Financials were out gives good humour and confidence : https://youtu.be/z5X5zh00rdg
Teeoff01 wrote: Great sense of humour, shorts are playing with fire, Peter has capital coming in from in-the-money warrants being exercised, "significant payments" from DI and other contracts (also ~$30.27 million backlog as of writing of yesterday's NR), and at the same time, an NCIB in which to repurchase shares, can't think of any scenario where they prevail, the house will win.
developbc wrote: From Agoracom, Peter's response: "What are the plans for the shares bought back?
The NR says 1.2 million shares were bought back under the normal course issuer bid.
Are these shares being held in treasury or are they being cancelled?
Cancelled
Could these be stored in treasury for a future raise that would prevent dilution?
No, they are cancelled
What are the plans for the shares bought back?
We are thinking of having a memorial service but the date hasn’t yet been set. They had a short but remarkable existence. They are survived by over 145MM relatives worldwide. They will be missed by all.