Pyrogenesis Canada Inc T.PYR

RE:RE:RE:Nothing greener than PYR buy buy buy

[GrahamB]

BCONTVentures wrote: Some great posts regarding Peter and Mellon Trust:

From paul03:

https://stockhouse.com/companies/bullboard/t.pyr/pyrogenesis-canada-inc?postid=35625575&fbclid=IwAR086U7mCv51eOGUzrGWVY2gYK1QLHkB76rL-AeIGcUvjpBMIMP4q5IVbY4

Graham that one's been discussed so many times I don't believe it's something that can make sense to you or anyone else on stockhouse. We simply don't have the details of this trust to understand what and why. Such as where does the money go? how much to who? Speaking of who, who else receives money from that trust, unless you are to assume it all goes to Peter. Is there someone else in need of money? Is there an ex wife/partner involved? Family? Is Peter just a puppet forced to sell certain amount or is he in charge of full decisions behind the scenes there could be so many details unknown to everyone here and that's why it makes no sense to anyone. If anyone has any other details on it then what's been known/talked about over the years let us know. 

And from sizzlingbeef from Agoracom:

https://agoracom.com/ir/PyroGenesisCanada/forums/discussion/topics/793902-any-chance-of-suspending-temporarily-the-insider-trades/messages/2392836?fbclid=IwAR3UwXCv46B0gbsrLAPHck8Cfimnvfz3lKaFOSbRZ7IETrvTdc3mmhcPu9Y#message

Its strange to call it insider trades when in fact it is part of a previously discloused Automatic Share Disposition Plan. Mellon sells high people complain mellon sells low people complain. The point of the ASDP is to avoid complaining or the appearance of a bias, but thats asking too much.

 

And for balance my response -and additions 

All good points
I wasn't a part of those discussions, so that is interesting and helpful.
having said that, some colour on these transactions would seem important from the company. After all, there are some days were over 50% of the sales are coming from a trust, notwithstanding all the comments you made, that have the CEOs name on it. 

 

You would think even if this money needs to be dispersed, it's selling at a three-year low, and likely depressing the share price, given the low liquidity of the shares. Also if you believe the positive narrative promoted here  and its so many of the shares are being sold from the trust, that one would try to defer such sales even if planned as noted, until a time the shares  were priced  higher. If you believe the narrative .

I see you have added a comment that it's strange to be called insider sales

It is by definition insider sales when an insider sells stock and it is very much intended to be public knowledge. While we may not know why they sell, tou insider purchases, maybe bullish  whereas Sales Maybe neither bullish or bearish.

Still, I stand by my point that selling stock at a three-year low with low liquidity, which can cause further downward pressure on. The stock.

It is this which  seems strange to me not that this is insider sales