Post by
TheCleos on Dec 15, 2020 5:59pm
Peter - Overpromising and Underdelivering
As a stock holder for several years, it is my opinion that Peter has consistently and repeatedly overpromised and underdelivered. If iron ore was the first time then that would be one thing. However, he has repeatedly over promised (certainly in terms of time frame). Unfortunately he has not benefitted from past mistakes in this regard.
Powder (flows like water, low cost producer) - Peter definately wanted to create the impression with investors that the powders would sell itself based on quality and cost. NOT. Not seen anthing in terms of sales. Can only imagine that the competition has been getting better these last couple years.
Drosite. Had a big sale, but that was it. Again Peter was suprised that prospects did not want to buy his tech that they would rather lease. Well now that Pyro has figured that out after many months ...where are the other leases. Peter said the first to customers that purchased drosite would need more systems. Heard anything?
Peter clearly tried to create the impression that huge things would happen this year with respect to iron ore. He succeeded. Unfortunately a lot of investors have to date lost a lot of money as the stock has dropped. Yes I know. You don't loose money until you sell. Well guess what many retail investors don't have the stomach to hold when stocks tank. Peter should know this.
Would not be surprised if prospects are using Peter's PR and rising stock price against Pyro ..knowing that Peter needs to sell something soon or it will be big disapointment for investors.
Peter has not learned to keep opportunities in his back pocket so if Plan A does not work out he as a Plan B so that the stock does not tank. He has not learned this. I think investors should take note of the disconnect between what is Peter promotes vs. what actually happens. I believe it is a big problem for him.
Finally, I do not believe that Peter has ill intentions. I do believe that he gets caught up in the hype and wants to look good with investors. He has alluded to his in so many words in the past. I have to believe that if Peter was not 51% owner, the PYRO Board would have told him to put a lid on it and only make announcements when deals were in the bank. In short, The way other CEOs do it.
For the investors who don't like to hear bad things about Peter, I suggest you get over it. If you can't see or appreciate the differences between Pyro' press releases and the actual results that have been delivered to date .. then..well I don't know what to say. Ask yourself, when does Peter acknowlege that things take time and don'ty move quickly. It is before delays happen or after. Seems to me he never says this upfront early on in the journey .. only after there are delays and investor disapointment. I never heard Peter say early on that it was actually better for Pyro to sell just one torch to client A rather than selling hundreds for millions of dollars. He is saying now.
Comment by
BIGMOE on Dec 15, 2020 6:10pm
Peter should stop appearing on TV to hype the company. You should be running the company and make sales/revenue. Do not waist your time on TV. It seems you have too much time on hand to appear on TV. We only want profits for the company. I am in bad mood, the share price is tanking. Not sure why? Get the NASDQ listing ASAP.
Comment by
Casavantsghost on Dec 15, 2020 6:56pm
Do you not know how to change the channel sparky?
Comment by
Mike405 on Dec 15, 2020 6:23pm
I agree with what you are saying. Your post is similar to a post a few weeks ago by a user by the handle "greyswan" (I think). He had attached a link that talked about how the run in PYR was news driven. I don't have the link, but it was an interesting read.
Comment by
Mike405 on Dec 15, 2020 10:45pm
this is the link to the article. https://grey-swan.com/2020/11/09/recognizing-small-cap-opportunities-updated/
Comment by
patrickp on Dec 15, 2020 6:34pm
FINALLY THE PURE TRUTH. A BIT OF HONESTY IS VERY WELCOMED.
Comment by
Edgetown1invest on Dec 15, 2020 7:11pm
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Comment by
Olderguy1 on Dec 15, 2020 7:49pm
Excellent post. Right on the money. Could not agree more. Peter and his motor mouth has let the company and stockholders down.
Comment by
SigmundsID on Dec 15, 2020 7:53pm
Seems hard to ignore the fact that this stock has lost half it's value since September... yet somehow that is framed as 'over delivering'... Words a paid shill might utter and a true believer would believe
Comment by
therealmccoy on Dec 15, 2020 9:19pm
This coming from the clown that posts dribble on Stockhouse and Agoracom. OlderGuy1, the poster guy for male flatulence/male incontinence. “Going old and bald with Olderguy1”. Olderguy1’s best motto: “I’m not happy till you’re unhappy”
Comment by
Edgetown1invest on Dec 15, 2020 8:06pm
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Comment by
Edgetown1invest on Dec 16, 2020 1:41pm
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