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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

Post by tamaracktopon Dec 02, 2023 2:56pm
241 Views
Post# 35765321

The funny thing

The funny thingThe funny thing about the announcement was that they went so far as to disclose that "The board of directors" had decided that it wouldn't be in the "best interests of the shareholders" for the CEO to sell such a large quantity of stock in such a short period of time.

Brilliance!

Here's the exact wording of an extract from the "press release":

"The decision was taken in order to avoid the possible situation wherein, in accordance with the trading parameters set out in the ASDP, the sale of a large number of Common Shares would be made in a short period of time.   The Board of Directors of the Company approved the termination of the ASDP, as it is believed to be in the best interest of the shareholders of PyroGenesis". 

Note also that the ADSP was to be in effect from August 25th to September 16th.

It had given notice that the trust could sell up to 800,000 shares over a period of just three weeks.

It was cancelled one week prior to expiring.

Wow.

It must be very reassuring to know that such a gifted board is operating in the background with the shareholders' best interests always a top priority.

Sell this pig immediately.
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