RE:RE:RE:Potential takeover target for PYR Total inside deal. He was the co-founder of the company many years ago before it changed hands a couple times.
Likely happened quietly behind closed doors and never came to market, so Peter not anyone else may not have even known about it.
Orrrrr it was intentionally sold to this particular American buyer to combine the assets, the IP, and the original engineer/co-founder into a tasty package ready for absorption / subsidiary deal by another non-US firm, giving them a US presence and easier access to US-specific deals (more military, govt, etc).
Casavantsghost wrote: Midtown, that would have been a sweet pickup if it could have been picked up by Peter out of bankruptcy.. You think the guy who bought it had first right of refusal?
vers1demainvert wrote: Peter did mention that acquisitions were part of his plans. Good find Midtownguy!
MidtownGuy wrote: Westinghouse Plasma quietly folded their tent a few weeks ago, with their assets being bought out of bankruptcy by a guy (Shyam Dighe, via a new entity Dighe Technologies) who co-founded Westinghouse Plasma back in 1999.
https://www.prnewswire.com/news-releases/dighe-technologies-buys-ip-assets-of-westinghouse-plasma-corp-301131830.html
Westinghouse Plasma has a Canadian connection, as it was previously a wholly-owned subsidiary of Alter NRG, from Calgary. Alter NRG was acquired by a Chinese holding company back in 2015.
Interesting, according to Wikipedia, of the only 5 current commercial plasma gasification for waste disposal projects operating in the world, PYR has one (the US Navy) and Alter NRG has another (in Wuhan China, of all places).
https://en.wikipedia.org/wiki/Plasma_gasification_commercialization
Now, Shyam Dighe the purchase of the remains of Westinghouse Plasma runs AquaSource Technologies, a company that uses plasma torches to treat wastewater, specifically in the shale mining industry but generally in oil and gas wastewater.
AquaSource has also figured out a way to use plasma torches in water desalination plants, with the output being the double commodity of fresh water and industrial grade salt.
According to his bio on the AquaSource Technogolies west site, Mr. Dighe, an engineer, has patents in both the US and Canada for plasma purposes. With him now holding the assts and IP of Westinghouse Plasma, he makes himself an interesting target, especially if he doesn't have the funds to commercialize the project the way PYR's money could.
Pretty interesting stuff, and a potential simpatico for PYR in my eyes.