PyroGenesis Inc T.PYR

SG&A EXPENSES AND A FEW OTHER ISSUES

[Melida]

Certain posters are trying to make a big negative deal about the increase in SG&amp;A expenses for 2023.&nbsp; In doing so, they are misrepresenting the matter.&nbsp; For a better understanding of Pyro&#39;s SG&amp;A expenses for 2023, people should review the GlobeNewswire posting of April 1, 2023 that outlines Pyro&#39;s financial statements for 2023.&nbsp; This posting goes into detail on what is included in the SG&amp;A expenses.&nbsp; You can&#39;t discuss these expenses and give them a negative gloss and only review employee compensation.&nbsp; SG&amp;A expenses include many expenses over and above compensation.&nbsp;&nbsp;<br /> <br /> It is important to note that Pyro&#39;s SG&amp;A expenses were bound to increase in 2023.&nbsp; Here&#39;s just one reason, the S in SG&amp;A&nbsp; expenses stands for selling expenses.&nbsp; This would include all the expenses associated with Pyro engaging the many big potential buyers of Pyro&#39;s technology.&nbsp; They are significant and are necessary to incur.&nbsp;&nbsp;<br /> <br /> Enough about SG&amp;A expenses.&nbsp;&nbsp;<br /> <br /> Graham Somebody seems to have taken exception to my post regarding the AMF hearing.&nbsp; I&#39;ll repeat the essential part: Pascali owns a majority of the shares of Pyro. That&#39;s a fact.&nbsp; Accordingly, Pascali stands to make a killing when Pyro&#39;s business takes off and the value of the company increases.&nbsp; He&#39;ll do everything in his power to make Pyro successful.&nbsp; That&#39;s how he will make his big money.&nbsp; Nowhere else.&nbsp;&nbsp;<br /> <br /> Graham also doesn&#39;t appear to understand the interaction between directors, officers and shareholders of a corporation.&nbsp; Technically speaking, shareholders have no direct say in the management/operation of the corporation they own.&nbsp; That seems like a strange statement.&nbsp; You would think the shareholders (owners) of a company would have the right to manage/operate the corporation they own.&nbsp; The key to understanding this issue is to understand that only shareholders can elect the directors of the corporation.&nbsp; The directors (who don&#39;t have to be shareholders) basically direct the corporation and establish the strategy of the corporation.&nbsp; The PRACTICAL result is that indirectly the shareholders really do have the ultimate/final say in how their corporation is managed and operated (to make $$$).&nbsp;<br /> <br /> Applying this basic understanding, it&#39;s obvious and clear that Pascali will continue to control Pyro even if the AMF rules that Pascali can&#39;t be a director or officer of a public corporation.&nbsp; The AMF cannot and has not indicated any desire to force Pascali to sell his shares in Pyro.  Accordingly, because Pascali owns a majority of the outstanding shares of Pyro he will dictate how the corporation continues to operate because effectively he'll control the composition of the board of directors.  

Bottom line, although the AMF hearing is very serious, the management and operations of Pyro will not be adversely affected.

[Mostlyserious]

Melida, can you explain the observation of Note 23 not fully explaining the items referenced in the statements?  Investors that want to understand the full financial picture go beyond a news release.  But I do recognize that there are a number of posters here that have probably never even looked at financial statements, likely because they don't know how to interpret them, yet they

[Melida]

Mostlyserious, I hope you're the first person to ask questions on the conference call.  Get all the detail on the SG&A expenses.  As you should know, my comments were addressed to the many posters who focus on compensation alone when discussing these expenses.  They're trying to promote a conspiracy theory that questionable employee compensation was the only cause of

[Mostlyserious]

Melida, the funny part is that note 23 detailing some SG&As has "employee benefits"  and "share-based payments" but does not have "employee salaries". It may be under "benefits" but that is not usual terminology as there is a big difference between benefits and salaries. From my perspective, there can be no conspiracies about size of salaries and

[Melida]

Well then, until the details come out (conference call) why are so many people raising the issues in what is clearly a negative manner.  Wait for the facts otherwise these people are indeed spreading BS

[GrahamB]

  This is a long winded, and indirect way of deflecting attention away from your earlier post Melida, Or in logical debate  parlance, the” strawman hypothesis”.   Nice try.   What I took issue with, was you suggesting that if the current CEO is deemed to have conducted fraud and removed from his post, that he could somehow continue to direct the company from the

[Melida]

So I won't be "long winded"  Your post is garbage. You can only read so much into a statement. After that you're just showing your bias.  AND, Earl Weaver was one of the finest managers in major league baseball.  He's in the Hall of Fame.  Inappropriate my butt.  Who appointed you the last word on what's appropriate or not?  You're just a