Pyrogenesis Canada Inc T.PYR

Sanity Check

[Rc0gburn]

New to this board. Looking at price performance and market cap and shaking my head, $600million market cap on maybe $5million in revenues? Why  is this stock worth $4.00/share???

Last few years the company is muddling along - as of End 2018 (last audited financials) it has an accumulated equity deficit of $50million.

Fast forward to early 2020
- CEO loans company a million in the midst of Covid at 12% with a 28c conversion price. Private transaction, not offered to shareholders....Converts and gets 3million shares (now worth 12million - nice trade)
-March 24 material news on an order - stock starts rallying
-March 31, extends maturity of other debenture ....stock continues to rally

And then in July 2020 from the companies MD&A/Financials:

The Company has incurred, in the last several years, operating losses and negative cash flows from operations, resulting in an accumulated deficit of $61,994,683 and a negative working capital of $11,157,110as at Q1 2020, (December 31, 2019 -$60,237,656 and $10,492,102 respectively). Furthermore, as at Q1 2020, the Company’s current liabilities and expected level of expenses for the next twelve months exceed cash on hand of $1,139,416 (December 31, 2019 -$34,431).

Really breathtaking to see the stock rally 10x while losing money, admitting they are running out of cash and that their expenses are likely exceeding their cash. And they bought HPQ in a private placement ! How How?

Appreciate any insights/comments. Forgive my naive comments if they are totally off the mark or I have missed material info

RC

[kjs4381]

Pyr has been basically an R@D company for the last 15 years. Stock piling patents, and have recently brought to market technology worth hundreds of millions of dollars if not billions. Do some real DD and you'll have your answers. Jmo

[MidtownGuy]

So you had the time to pick through old financials but not bother to read through any of the news releases of the past 8 months that show signed contracts worth millions of dollars and pending contracts worth tens to hundreds of millions more? Lol. Riiiiiightt. gtfo of here.

[sandysouci]

ABSOLUTELY CORRECT: your comments are totally off the mark... imho, your approach to DD for a company like this is simply not applicable... the suggestion someone made for you to read all recent NRs is a good place to start... the last 12 months or so should be decent... also, watch some or all of the interview videos... then just buy your PYR shares.........

[Aarman4]

This company shouldn't be valued based upon quarterly statements(nor should any, really). You have found a reason to wonder why the share price doesn't relate to the balance sheet, I was in the same place in the springtime. Read the News Releases starting with the RISE torch agreement from december/january 2019/2020. Read the MD&A's since early 2019. Check out the insider

[Yakushev]

Where the hell is develop? Did he pull a McWhirley?

[developbc]

I've been for 5 years and have NEVER waivered in my very bullish sediments on Pyrogenesis and team.    Long and strong PYROGENESIS