Pyrogenesis Canada Inc T.PYR

Financing comming soon...

[MatJack]

I think some sort of financing will be needed very soon. This sentence was in the Q1, and not in the Q2 : The Company expects that its cash position will be able to finance its operations for the foreseeable future.

Cash and cash equivalents are now $1,291,508.

[beachbuminMexic]

I don't think there will be any financing soon unless it is for the JV to build powder towers in Europe. Don't forget there is around 10 million in receivables. They are probably counting on that to be paid this quarter? If they do run a little short on cash I'm sure there is a line of operating credit to tide them over...jmho...Beachbum

[BIGMOE]

In Q1 report shows over $14 million in customer deposit.  They can use these cash if required.  Q2 shows just over $1.2 million in cash is just accounting. I would not worry about cash, plus we have $17 million in completed project in Q1.

[Dividends]

Q1 was productive in terms of completing projects :) hopefully clients pay up.   We need big contracts and ongoing. I would like double digits quarters at least (10m per quarter) while we wait for whales to make a decision). 

[BCONTVentures]

Not at all there MatJack, Peter has said a number of times that financing is not required.  Further, take a look at the financial statements and compare PyroGenesis' Accounts Receivable (A/R) vs. Accounts Payable (A/P): Accounts Receivable (A/R) more than covers Accounts Payable (A/P): A/R of $19,205,762 vs A/P of $7,003,200. The accounts receivable are constantly turned into cash/cash

[tamaracktop]

"accounts receivable are constantly turned into cash/cash equivalents on a daily basis." ? ?

[sorrenson]

Should we mention that 14 million iin receivables  is over 90 days , 7 million is over 270. Oh sorry .. 14 million of the receivables are stale and 7 million are at least 9 months.   But you knew that....

[ScienceFirst]

Sorrenson is trying to save ourselves!  Wow! You wonder why he spends time here if he's so convinced that the company is in deep trouble!   He keeps playing FUD because he wants more shares on the cheap side, knowing damn well this is a growth stock in the making.

[sumpineh]

 Instead of attacking the poster, why not explain the receivables issue ?

[ScienceFirst]

Why do you see this has something that won't resolve? 

[sumpineh]

Because I was in business for over 45 years and debt that was not collected for over 120 days more often than not was eventually written off. It might seem that this is a relatively small amount but it is more than the total revenue of Q1 and Q2 combined. Do we know who owes this money and why they are not paying ? 

[StairwayTo]

Most of it is due from DI, with special terms. DI is controlled by Alex Pascali, son of PPP .

[blackriver1]

Is this true ??

[tamaracktop]

Hard to tell what's what with this company. All I know for sure is that in its March 13 report, HPQ lists $626,000 of "marketable securities in a quoted company" amongst its current assets, down from $666,000 as of December 31st. All of that is shares in Pyrogenesis. In return, in its latest financials Pyrogenesis disclosed that it owns 11,890,000 shares in HPQ, as well as 2,678

[therealmccoy]

what do you know tamaracktop/the Titanic/"due didiot"..... you are a bald headed clown and claim to be a broker for RBC there Kenny/TT..... one of your previous posts you asked about how many patents PyroGenesis has (along with other "dumb" questions that you ask), if you did any due diligence (you "due didiot") you would find this stuff out..... any real "

[Trader001]

Yes this clown is a paid troll only to pump xebec. 

[beachbuminMexic]

Sumpineh, do you know how to read??? What buisness was that a hotdog stand. And yes we know who owes this money and we know why they are not paying....CLOWN...Beachbum

[sumpineh]

 About what I would expect from you. Ridicule and name calling like in the schoolyard. Not quite grown up yet.. If the debt is not going to be paid then why is it on the books.  Oh so it can be claimed as receivable. in order to dupe the people who don't realize that you can't run a business from sales that don't get paid. (even a hotdog stand ).

[beachbuminMexic]

Nope i'm 70 years young and never growing up....Sumpineh nobody is getting duped... the more you say the Dummer you sound...