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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 > Some great posts from ceo
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Post by BCONTVentures on Dec 23, 2023 7:36am

Some great posts from ceo

Some great posts from @Dodgetown from ceo:

@Dodgetown The guy is CEO of the company and basically owns half of the share float - he is allowed to sell shares, they are his, it happens all the time….you were entitled to sell your shares as well, and still are, only difference is his have to be publicly disclosed and within insider trading guidelines. He’s sold shares high and he’s sold them low. He’s also injected cash into the company on multiple occasions - thank you for that Peter, as a shareholder myself I appreciate a CEO who continues to support my investment with his own money. And a 3% interest loan? I’d take that all day if I could get it at the bank right now, he’s not exactly loan shirking at that rate - he could get a higher rate of return on his money in a nice secure GIC. For weeks the chatter has been they need to do a raise - well, he single handedly propped things up at a very favourable rate to shareholders - would you have preferred going out to the open market and taken a debenture at 15% interest? Or diluted the shares more with a 1 for 1 warrant? Peter’s ongoing support of the business is a huge positive IMO and a big part of the reason I’m still invested here. I feel more secure knowing he’s backing it up with his commitment and deep pockets, many pre-profit companies wish to be so lucky.

@Dodgetown @FuturePredictor Funny? What doesn’t happen all the time is a CEO who owns half the float - he isn’t dumping shares, it’s a tiny miniscule percentage of his overall holdings. If you think it’s uncommon for insiders to sell some of their shares on occasion you aren’t paying attention, many don’t hold half the float though.

@Dodgetown Well here’s the thing @FuturePredictor, maybe I do end up screwed in the end, but my take right now is I still believe that the tech is real, that AM powders are the future of manufacturing, silicon is going to be in demand for batteries, the governments around the world are going to continue to put more and more pressure on industries to reduce their carbon emissions, and that clients like Rio Tinto, Ma’aden, the US Navy, an unnamed aerospace company, and likely many others are real and are all working with or in discussions with Pyro to solve their issues. A giant deal 6 months ago would have been fantastic but if just one comes to fruition in the future, the current stock price just doesn’t matter. Merry Christmas.

@Dodgetown and here’s another perspective, yes I’m sure his selling has impacted the price, but as I mentioned before, he’s also propped the company up by investing into it and shareholders benefit from that. When he sells on the open market it doesn’t really affect the company directly, it’s in the market; but when he lends the company money, or exercises options, that money goes directly into the company coffers and boosts their operating budget. If he needs to sell a fraction of his multi million shares to exercise options etc. I’m good with that.

@Dodgetown Look I’m just trying to be real and honest here, I’m not an insider, I have no access to special info that isn’t available to anyone else. But the stock price isn’t the company. As I said before I do believe in the tech and believe it’s just a matter of time. Am I frustrated about the length of time when it was previously described as imminent? Sure I am as anyone is. I hoped to be retired by now, who likes to work? I believe Peter believed it would have happened sooner. There can be lots of reasons for the delays, Covid, companies waiting on government subsidies, things not going according to plan with infrastructure upgrades, logistical issues, inflation costs on materials, whatever doesn’t matter, we are where we are. Bottom line is I still believe things are happening and moving forward but slower than expected. Whale? Well, that maybe would have been nice in hindsight but maybe back when Peter didn’t anticipate the price still being this low at this juncture or things not having yet happened…who knows. In the post Covid market there may not be as many willing whales around investing in small caps when interest rates are over 5%, and, by doing a cross sell doesn’t put money into the company so not sure it would be much better. I take confidence that our own CEO is a bit of a whale himself and continues to invest his money into the company. The delays are frustrating, but less concerning knowing the CEO is committed so strongly and he backs it with his personal money. That is something most small caps don’t have. I could always be wrong but I’d sell if I thought otherwise.

@Dodgetown That’s only true to a certain extent @FuturePredictor. While you are absolutely correct that a $1m raise at .40 is more dilutive than at $4, that’s the extent of it. You can’t tell me that when we were over $10 that that was an accurate valuation of the company at that time. I’d also argue that .40 isn’t an accurate valuation of the company today - the stock price is wildly subjective to market sentiment. And we don’t know what we don’t know - it all changes tomorrow if there is a $40m contract announced.
Comment by Mostlyserious on Dec 23, 2023 9:02am
Thanks for re-posting views of a diehard believer. Are there any contrary views that you are not re-posting?
Comment by tamaracktop on Dec 23, 2023 11:48am
Here's one Mostly: The guy is CEO of the company "~"and basically he owns half the company..."~" The guy is CEO of the Company and basically he's being investigated for fraud...
Comment by COGT on Dec 24, 2023 12:10pm
Thx Bcon I'm with Dodgetown ( wherever that is ). People can say whatever they want about Peter but he is not the company.   IMHO harnessing the fourth state of matter is the company and that's why I remain long.What elscould be more interesting in this day and age?  A poster Justwow posted a few months ago about the value of NexGen . Now with the patent I think finally ...more  
Comment by tamaracktop on Dec 24, 2023 1:49pm
"People can say whatever they want about Peter but he is not the company." Maybe you should back up on that a little bit. Whenever you invest in a company, you're essentially turning your money over to the company's management.  You're saying to management, "Here. Make my money work for me." "Peter may not be the company, but he's the company's ...more  
Comment by LongoGlueStick on Dec 24, 2023 1:53pm
What did your messiah, Kurt Sorschak, do once he ceased being CEO of Xebec?  How many shares did he dump on the open market, destroying Xebec's stock price?
Comment by sorrenson on Dec 24, 2023 8:20pm
What else could be more interesting in this day and age? Hydrogen 
Comment by tamaracktop on Dec 24, 2023 10:22pm
Hydrogen??? Have you been following PLUG?? The biggest player of them all in Hydrogen, and suddenly teetering on bankruptcy. I think it was about $120 billion only 3 years ago, going from memory only. Suddenly it's not even a shoe-in to make it more than a couple more quarters. Have a look. PLUG
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