Remember this from February 23, 2021? PyroGenesis Canada Inc. (PYR) has issued a response to this morning’s trading activity.
The company wishes to reassure investors that all projects, including the NASDAQ listing, are all on track and that there are no undisclosed events to warrant this morning’s decline.
PyroGenesis confirms that everything material has been disclosed via press releases or financial reports. PyroGenesis further confirms that none of the contracts previously disclosed, nor the NASDAQ listing, are at risk.
Last, but not least, the company wishes to reassure investors that the company remains on track with current and prospective projects, as well as with the NASDAQ listing.
“I just wanted to take the time to reassure investors that the decline in stock price this morning cannot be explained by any undisclosed developments at the company, as all material events have been disclosed,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis.
“The board believes the company is in the strongest position it has ever been with (i) a backlog at historical levels, (ii) a pipeline that is growing exponentially, and (iii) a clean balance sheet which, as of today, posts cash-on-hand in excess of $27.5M.”
Thankfully the pipeline is growing exponentially.
I suggest it would behoove the company to comment on the trading today.