Post by
tamaracktop on Dec 27, 2022 2:37pm
How can you not see what's right under your noses?
Remember pyrogenesis closed that small financing on October 19th?
1,014,600 Units at $1.30 for net proceeds of $1,318,980 to the company.
Didn't you find that an odd number?
It wasn't a bought deal, it was "best efforts".
That's all they could sell.
And what followed?
Mr. Pascali has sold 920,200 shares since then, some for as little as $0.97.
How would you feel if you invested in a company at $1.30, only to learn that the CEO would turn around and sell almost a million shares in the open market between $1.17 and $0.97 over the following 2 months?
Really. Think about that.
I don't think you'd be very happy.
Do you actually think that this company will ever be able to do an equity offering again?
Personally, I don't.
Personally, I think this company is in real trouble.
Comment by
fdfd12 on Dec 27, 2022 9:14pm
If the CEO is selling so many shares, why doesn't the PP or bought deal buy those shares from him!
Comment by
beachbuminMexic on Dec 28, 2022 11:04am
Because Mr. fdfd12 the deal with mellon is structured that the shares have to be sold in the open market! No brokered deals. Do some more DD before posting your FUD there Buddy....Beachbum
Comment by
filoux004 on Dec 28, 2022 11:11am
Thanks, so that means that Mellon will continue selling into the open market. How many are lefted? Over 2 M?. Thanks for yr input and happy new Year.
Comment by
HARJAY on Dec 28, 2022 12:07pm
Doesn't that trust structure for tax purposes change in Jan. also.?
Comment by
tamaracktop on Dec 28, 2022 12:58pm
In other words, selling 800,000 shares in the market around $1.95 would be bad for Shareholders but selling them at a buck is?.. He's been selling as much as he can as fast as he can Period.
Comment by
tamaracktop on Dec 28, 2022 1:15pm
There is literally one conclusion that is inferred by this that is absolutely undeniable . Mr Pascali cares less about his shareholders' interests today at 90 cents than he did in September at nearly two dollars. How can you conclude otherwise? It's every man for himself now.
Comment by
fdfd12 on Dec 28, 2022 1:22pm
Why doesn't he sell all ot those shares to the brokers at once and let the brokers sell it to whoever.
Comment by
sorrenson on Dec 28, 2022 5:10pm
hahahahaha The CEO printing and selling shares by the millions at multiyear lows doesnt hurt the share price. .hahahaha stop the peyote
Comment by
beachbuminMexic on Dec 28, 2022 6:30pm
Only the perception of Peter selling and the bashers Like YOU bringing it up every day trying to affect the share price. In reality no I don't believe that it affects the share price overall. JMHO....Just like your opinion...Haven't tried Peyote yet, but you may be onto something. Margaritas are still excellent...Beachbum
Comment by
sorrenson on Dec 28, 2022 10:26pm
So why is the stock down 75% on the year ? Do you actuallybelieve anything posted on here has any effect on price?
Comment by
Casavantsghost on Dec 29, 2022 7:31am
Trying to affect the share price??? And you do not think it affects the share price??? Ohh that's rich. You keep feeding that cirrhosis in that 3rd world ####-hole.