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Bullboard - Stock Discussion Forum Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its... see more

TSX:PYR - Post Discussion

Pyrogenesis Canada Inc > Chinese water torture
View:
Post by triken on Jun 07, 2023 1:20pm

Chinese water torture

Based on share dispositions to date there will be approx 3 more months before clearing the declared 850,000 CEO share sale announced on May 19.
CEO may exercise options from cash raised. This feels like a grindingly slow privatization plan with little respect for shareholders who are deep under water, perhaps just to spite shorts...you have to be a real believer in this stock...but it would be more respectful if CEO stopped the trust sales and took the same gamble as the ordinary Joe with respect to share price instead of suppressing it. 

Currently 6$ figures in the red.

Comment by tamaracktop on Jun 07, 2023 2:12pm
Speaking of which, he still hasn't reported any sales this week.  Going by the volume, it do
Comment by tamaracktop on Jun 07, 2023 2:18pm
Going by the volume, it doesn't appear that the trust has sold any yet today. If you look at the reported sales prices and the dates, it would appear that the trust usually sells later in the day for whatever reason.  Most of the reported sales prices are near the day's low, which has tended to come later in the session. 
Comment by tamaracktop on Jun 07, 2023 2:50pm
Personally, I think that the trust backs off every morning in the hope that the bids will build, and when that doesn't happen, they just go ahead and sell it anyway.  We'll see if that happens today.  $1.01 right now on 42,000 shares. 
Comment by tamaracktop on Jun 07, 2023 2:51pm
45000 bid for at a buck. 
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