What a fantastic Post !!Not because Dalesio did what I couldn't, and posted the insider trades that prove what I had said about the reported trades back then, but because of a further detail I'd never noticed. I'd never noticed the exact times those electronic filings were made. Look at the details. The reports for the preceding week were all entered only minutes after trading closed that Friday, starting at exactly 4:13 pm. That Friday being the beginning of the Thanksgiving long weeked.
The next three filings are all exactly 2 minutes apart, at 4:16pm, 4:18pm, and 4:20 pm. "The trust" electronically disclosed all of its trades for the preceding Tuesday Wednesday Thursday and Friday, all after the market had just closed.
It took exactly 7 minutes from start to finish to electronically disclose that the trust had sold 164,300 shares in the four preceding days, starting at $1.60 down on the Tuesday, down to $1.40 on the Friday.
Maybe they just didn't have a few minutes to spare to report any trades sooner than that, until they finally found the seven minutes to do it right after the market finally closed on Friday.
They were too busy with the daily running of the operations.??
After 10pm, that same Friday night, the company announced this contract cancellation:
Negotiation for the Land-Based System to Destroy PFAS Contract has been Suspended and Discontinued
"MONTREAL, Oct. 07, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHG) and address environmental pollutants, announces today that, further to its press release dated October 28, 2021, the negotiation for the land-based system to destroy Perfluoroalkyl and Polyfluoroalkyl Substances (“PFAS”) contract has been suspended and discontinued.
On October 28, 2021, it was announced that PyroGenesis, after a competitive bidding process, had been selected to provide its plasma based thermal process equipment in a two-phase project geared to providing a land-based system to destroy PFAS. The first phase was to provide pilot testing. The second phase was geared to a full fabrication, furbishing and commissioning of a fully commercial land-based system....."
When trading resumed the following Tuesday, the Trust sold an additional 45,200 shares, @$1.28. Many other shareholders also sold that Tuesday, after hearing the news over the weekend as well.
The stock traded 471,000 shares that day.
The trust was lucky to have sold 164,000 shares the week before.
It was doubly lucky when one considers the fact that the stock ended that abbreviated week at the week's low trade at $1.15. Does this actually smell clean to anyone here?
This is far worse than unethical.
It's criminal.
That's the way I see it, even if you don't.