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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 Thinkbigsti69on Oct 31, 2023 4:12pm
48 Views
Post# 35709937

RE:RE:RE:RE:RE:RE:RE:RE:PYR

RE:RE:RE:RE:RE:RE:RE:RE:PYRHow much are they paying you? Maybe you should read a book or go out for a stroll. LOL
GrahamB wrote:
GrahamB wrote:
Holdrrrr wrote:
Holdrrrr wrote:
Holdrrrr wrote:
GrahamB wrote:
Holdrrrr wrote:
fdfd12 wrote:
Just a question.

Can PYR go bankrupt with investors shares at then start again as a new company like Air Canada did about 10 years ago?


Air Canada had $13 billion of debt. 

Can you please tell us how much debt PYR has? 

i REPORTED THIS BEFORE BUT IT GOT LOST BETWEEN 100S OF POSTS that were mindless banter
Its not another companies debt-its PYRs debt and the ability to service the debt and have enough OCF to run. Its not looking good in the compnaies own words:

Looking at sedar MRQ, at first glance, you might think that things are all Rosy  because the company reports on the balance sheet

 

19,545,636

 

But notice, what are the current liabilities? 22,714,002

So your current liabilities exceed your current assets.

 

What does the company say? As  at  June  30,  2023,  the  Company  has  working  capital  deficiency  of  $3,168,366  ($1,650,709  as  at December  31,  2022) including  cash  of  $829,583  ($3,445,649  as  at  December  31,  2022).  The  working  capital  is  net  of  an  allowance  for  credit losses  amounting  to  $6,303,840  ($5,023,283  as  at  December  31,  2022)  as  further  described  in  Notes  6  and  7” 

 

Well, you have to remember the cash that was  stated back in July, and remember that since then they have been spending money.

 

Their math of business is that cash flow is the oxygen of a business.
 

You create it, borrow it, or finance it and dilute

The financing last time got halted by our friends at AMF, borrowing now at prime is 7%Plus and you know they ain’t getting that rate IMO, and creating money…..
 

Well, come on, what about the revenue that’s going to come in, what about the future?

Thats the carrot promoters keep putting on here-again and again thanks to BCONs reposting..

 

OK, so what about the revenue? Everybody keeps talking about the revenue that’s coming in. The problem is that they are spending money as mentioned above, and they are getting less than what they’re spending, and they’re also not collecting. So look at this:

IMO!

 

As at June 30, 2023, the Company had sixteen contracts with total billings of $15,770,481 which were less than total costs incurred and had recognized cumulative revenue of $17,306,095 since those projects began. “

 

So the revenue is less than the costs of production.

Get that.

 

Now what about accounts receivable?

 

As at June 30, 2023 the allowance for expected credit loss on trade accounts receivable is $5,967,840 ($4,693,283 as at December 31, 2022)”

 

 

Dont believe my math-what does the company say?

 

“The Company has incurred, in the last years, operating losses and negative cash flows from operations, and as a result, the Company has an accumulated deficit of $105,872,203 as at June 30, 2023”

 

 

So basically, they have to start performing they have to produce, distribute  and critically be collecting, or what’s going to happen?? 

 

“ In  the  absence  of  this,  the  Company  is  dependent  upon  raising  additional  funds  to  finance operations within and beyond the next twelve months. The Company has been successful in securing financing in the past and has relied upon external financing to fund its operations, primarily through the issuance of equity, debt and convertible debentures. The Company completed a private placement in October 2022 for an amount of $1,318,980 and also completed another private placement in March 2023 for net proceeds $4,960,483 (Note  13). In addition, in July 2023, the Company also completed a  brokered private placement  of convertible  debenture units for gross proceeds of $3,030,000 (Note  23). While the Company has been successful in securing financing, raising additional funds is dependent on a number of factors, some of which are  outside  the Company’s control, and therefore there is no assurance that it will be  able to do so in the future or that these sources will be available to the Company or that they will be available on terms which are acceptable to the Company. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue operating as a going concern. The  condensed  consolidated  financial  statements  have  been  prepared  on  a  going  concern  basis  and  do  not  include  any adjustments to the amounts and to classifications of the assets and liabilities that might be necessary should the Company be unable to achieve its plan and continue in business. If the going concern assumption were not appropriate, adjustments, which could be material, would be necessary to the carrying value of assets and liabilities, the reported expenses, and the classification of items on the condensed consolidated statement of financial position. “

 


All I asked for was the exact amount of debt pyr is carrying.

Can you please provide it, tyvm

Debt=?


It's a simple question that I can never get an answer to.  So how much is pyr in debt?


Well I guess highlighting and showing off *accumulated defecit* is an intentional mislead, to not answer my question about how much "debt" pyr is carrying is your best answer.

Debt and "accumulated defecit are in no way the same thing btw, in case you didn't know.

But the slick mislead is kinda cool

OK, I haven't been on the board all day I'm getting caught up what would you like to do. Do you want to go through the debt including accounts, payable, current, long-term, etc. do you want to go through liquidity ratios 

But I am pleased to do a deep dive on the financials of this company with you. As long as you are sincerely, interested in doing it, and not just having this to be a make work project, and dismissing everything without accepting and discussing the facts. By the way, don't take a lack of response to mean that somebody is trying to pull something over on you. I posted this morning, and I was out all day and come back and there are hundreds of posts by you guys. It's all repetitive stuff saying the same thing. I am delighted to have a substantial conversation about the financials and about the prospects of this company. The problem is I don't see your old messages because they're buried between 100s of you and the other guys going back-and-forth trying to promote the company. good thing that you reposted because I might've missed that. 


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