RE:Backlog $37 Million Pyro BIGMOE wrote: Pyro I estimate has about $37 million in backlog to date. Assuming they have $6 million in revenue for Q3, we still have a $31 million backlog.
The share price should recover with a new contract signed. A big contract for Pyro Green Gas for around $13 million should be announced and even a Torch contract from Client B.
The main issue that Pyro does not have any major "debt".
Maybe you didn't intend it, but your reasoning implies PyroGenesis didn't sign any new business during the quarter.
Not debatable, and not far from the facts.