PYR Update FWIW New to this stick, but thought I would summarize where we are, as I see it
1. AMF makes serious allegations of misrepresentations of sections 196 and 197 of securities act, seeking orders prohibiting Mr Pascali and Curleigh to act as directors
2. Continued insider sales, and indications of further sales requested
486,400
This is amount of shares, sold by Mellon trust in one month, according to my math.
Over 1 million in the last year
3.Financials reveal decrease in revenues by 2.8 million and by 4.4 million on 6 months, with a comprehensive loss on Q2 of 6 million
4. Torch contracts announced, must be contexualized with delays reported in accounts receivables
The delays in AR are concerning for liquidity. “ Going concern” on recent financials
5. Technicals have been negative, with price continuing to slip to 3 year lows
(While insiders sell-perplexing to me as wouldn’t you expect them to hold off in a fire sale ?-although what do I Know
Not sure why Science First disappeared but he promoted this on another board, and would be good to hear his/her thoughts on how this was justified, based on what we discussed back then, and my concerns.
And where is think big
Who is selling?
Did the promoters pump and dump?
I don’t know but hearing from them would be of interest-they were the top posters on stock house and now radio silent
What gives?
Sci Fi got me on this board and now so quiet
Do you own DD, dont buy or sell based on what others say, including me
Hey, I did my own DD after Sci Fi prol,opted this and passed. Glad I did!