Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

TSX:PYR - Post by User

Pyrogenesis Canada Inc > Granting of options is getting ridiculous

<< Previous

Bullboard Posts

Next >>

Comment by MidtownGuyon Aug 07, 2022 3:14pm

311 Views

Post# 34877352

RE:RE:RE:Granting of options is getting ridiculous

Thanks Develop. Rodayna wasn't appointed to the board until September 22, 2020, so the July 2020 option details were prior to her appointment.

I think Harjay's post has it right with the $3.88 avg:

https://stockhouse.com/companies/bullboard?symbol=pyr&postid=34877330

developbc wrote: Great points and facts midtown thank you.

I think the options were $4.41 which were staggered and the final 25% will be expiring July 2023.

https://www.globenewswire.com/news-release/2020/07/16/2063586/0/en/PyroGenesis-Announces-Grants-of-Incentive-Stock-Options.html

MidtownGuy wrote: FYI... jus a reminder on options...

Rodayna Kafal, in addition to her role as VP of Investor Relations and Strategic Business Development, is on the board of directors, and the options are compensation for that role and the effort behind it.

Also, these stock aren't just given, they are options that must be purchased. In this case, it's 100,000 shares, which if I recall correctly were granted at the option purchase price of $3.61 (I'd have to double-check, but I think that's correct).

So in order for Rodayna to get these 100,000 shares, she has to buy them, for $360,000.

Dividends wrote:
I was looking and in December of 2021 peter was given just over 1.9M shares. Then in June this year 600,000 shares. No wonder he can sell so much! They just print them.

Others like R. kafal we're given 150k shares. This is on top of their salaries. At a price of ajout $2 a share that's 300k in stock options. Isn't that ridiculous?

we need to end this as shareholders. It's completely devaluating our shares. If the company can't afford to pay it as salary it shouldn't print shares as a mean of compensation. Get the company profitable management!

The company's performance does not warrant any stock options like this.