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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

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

Comment by GrahamBon Oct 12, 2023 10:00am
151 Views
Post# 35680365

RE:RE:RE:RE:For example

RE:RE:RE:RE:For example

FWIW

I also see serious challenges with this stock, and since I’ve been here, it’s really done nothing, but go down. that, and down over 95%, and plunging to three-year Lows

 

So far, and I’m sure I will be wrong at some point, but the only four stocks that I post on, three of them, I have also had reservations about including VPT down over 50%, and huge down over 97%.Another I am positive on up 50% yoy

 

For me, it’s about the facts
If you look at the company, published financials, mda, and press releases, it bec
comes clear that this company has serious challenges, is high-risk, and that is why I am avoiding it.

 

In summary:

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 last month, according to my math.This continues in October 

 

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

 

All in my opinion, and, of course, no one should buy or sell based on what they read on this billboard, especially by me, and by the promoters. Do your own due diligence, and recognize that this is extremely high risk

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