RE:To those asking about DI, my two centsExactly, You hit the nail on the head! That were my thoughts too ... including that Peter will not elaborate in an interview on the real reason why they established a new company in the US, which would be very understandable and wise. Investors will have to use their common sense to figure it out themselves, without walking the path of anxiety, distrust and impatience.
regards
JLMMIA wrote: If we are to assume that, as one poster posited, there is some sort of embargo of Canadian goods by the Saudi Arabian government (which I have no knowledge of but seems plausible), then the sale of Drosrite systems through DI makes perfect sense. On paper, this Saudi smelter has contracted with an American company to buy goods manufactured in America and American services.
As to who owns DI, first of all, "private" simply means that the company is not publicly traded. A "private" company does not necessarily mean that it is owned by individuals. It could very well be owned by another company. My guess is that DI is a wholly-owned subsidiary of PYR. Thus, whether any of the revenue from this contract will remain with DI (and it appears to me from the joint PRs that all of it or virtually all of it is flowing to PYR) doesn't really matter.
I anticipate Peter will post an interview on Agoracom shortly as he usually does after a big press release. I'll be very interested in listening to it, but I won't be holding my breath for him to shed any light on the corporate structure of this deal or the relationship between DI and PYR. If there really is an embargo, I can't imagine Peter could come out and say PYR created this American subsidiary as a backdoor to get around it. That would seem to essentially defeat the purpose.
I'll admit I too was initially concerned about this new company (DI) serving as some type of middleman, but upon further thought, it makes sense. And if this weak stock price movement is somehow related to this issue, I think investors fears are misplaced. As I said earlier, PYR just sold SEVEN Drosrite systems and signed a TWENTY YEAR service contract. That is earth-shattering news for a company this small.
All my own opinion/speculation of course.