This mudslinging is tiresome I'm as guilty of it as anyone, but I end my involvement here.
The fact is that this time, Pascali took the high road.
Injecting cash into pyrogenesis by buying HPQ shares from PyroGenesis is far safer for him than buying shares of PyroGenesis directly, as he has in the past.
He's trying to divest himself of PyroGenesis, not accumulate more.
By buying these shares from PyroGenesis, He's buying stock in a company who's trades he doesn't have to report, and he's buying PyroGenesis a quick fix for relatively nothing.
He's buying the same 3.779 million shares for $661,447, only 2 years after his own board approved buying those HPQ shares on behalf of PyroGenesis' shareholders and with their money as a "Strategic investment " for $2,003,241.
Pyrogenesis bought an issue at 53 cents.
The company paid two million for the shares he's buying from the company for six hundred sixty grand .
This exactly what's happening here boiled down to the very basic facts.