RE:LINE OF CREDIT...I will take your StockHouse posts name calling, like shorters, fudsters any day.
Will any potential clients looking at PYR, asking the CEO about financial strength be called a fudster?
You think your Peter will tell them they are a bunch of doubters and shorters for asking?
They are asking, and probably about the fraud accusation as well,
that’s why not too many sales came in the last 3 months, $365,000 for some little system in the past 3 months.
Mind blowing numbers when their backlog stretched over 30 months for production, FAT, SAT and delivery.
Ilocanuck wrote: Hi, Please don’t even waste your time rebutting any comment from these Fudsters, Penishes, shorters.
- Tamaracktop aka Maxipad.
- StairwaytoHell aka Yeoman
- Filloux004 aka Doughbouy
- GrahamB
- Dalesio_98
- Others, not worth mentioning
AGAIN, THANKS FOR YOUR ENLIGHTENING POSTS..
IPost by Melidaon Jan 15, 2024 4:38pm
36 Views Post# 35827771
Line of Credit Question - Take 2
This board can so easily be sidetracked by some not so relevant tangents. The line of credit stuff is one such tangent. Who said Pyro was looking for a line of credit? Pyro didn't.
In a previous post I gave a few examples of how the Mellon convertible charge could be dealt with to ensure any line of credit was secured as a first charge against Pyro property. The negative responses then suggested Pyro's security would be worthless. I disagree. If I were the lender on a secured line of credit I would do what Mellon did for its 1.25M loan. In other words, I would make damn sure the security included all of Pyro's patents on cutting edge plasma technology. These patents have significant value.
Pyro is not just some pie in the sky research and development start-up. It has proven technologies with multiple applications. At this moment in time cash and cash flow are important issues ... welcome to small cap growing pains. When you get anxious and flustered, read all the good NRs in the last 6 months. They're impressive.