RE:Invest in Pyro. Don't Just Trade Its StockAt the macro level it has not changed. Pyro is a company that for the most part has a bunch of plasma related technologies that sound prospective but are in the R&D stage. That is a story that many companies have but you certainly would not recommend investing in all of them on that basis.
The macro dream has not changed, but what has happened over time. First, from the day that I was attracted and invested, the great stories that were told did not materialize. "Trust us" effectively has cost me a ton of money. So, trusting the story is not a sound basis to invest into anything without kicking the tires. Two tires I am concerned about - no clear indication when one can expect commercialization of some of the major R&D initiatives or certainty that they will become commercial. The journey to commercialization requires resources. PYR cannot operate indefinitely while losing money and it does not seem that financial resources are easily fetched. At least management is not speaking to it to alay any concerns about the current balance sheet. We shall see what the next audited financial statements show and listen to what management has to say.
The story hasn't changed, but it is evolving. You can say for better, someone else can say that there are greater risks that have to be addressed. And there is a reason why this "better" story is trading in the 50s cents as opposed double digit dollars. The most obvious reason or answer is that your assessment that it is a better story is not supported by the market's perception.
GL.