GREY:XEBEQ - Post by User
Comment by
Magicmike67on Oct 16, 2020 2:11pm
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Post# 31729440
RE:RE:Where is that guy?
RE:RE:Where is that guy?marketwatch9 wrote: TT, what do you think of the potentiel for PYR ?
Got out of that over a month ago.... Bought XBC. I personally don't trust the hype and think torch sales will be much less then the 50/plant the CEO has indicated. Also don't think they will get $3M/torch, more likely 1.5M in my opinion. The problem is NOx emmissions are to high with plasma torches and unless they can find a way to reduce that they cannot put 50 torches in a plant. They would violate operating licences in terms of NOx emmissions. Another thing that put me off was CEO "loaning" the company 903K fully secured by company assets at 12% and convertable into shares at $0.28. I do not understand what they needed the money for, as they had more revenue coming in over the next 3 months then they had ever had in there history. Was there not a better deal for investors then diluting the company by over 2% for a loan that was cashed in 6 months later? Seems to me there must have been better options?? jmho