RE:RE:RE:PYR on Fire You're observant and correct Misbrandt. With over 50 years of investing experience is should know better... and I do.
After months of due diligence a contract was signed and should have contained a payment schedule. When the agreed $6.4mm didn't arrive, presumably contrary to the contract, an alternate plan was agreed to. No new payment schedule was announced, no benchmarks... no idea when a new down payment might be received. Do the units need to be built and delivered? Who knows.
Anyway, my ongoing due diligence failed the smell test. If I didn't own the stock would I buy it at this level? If yes, but more, and if no, sell.
When New Year's Day arrived with no payment and no further information available I began liquidating my position at market open. Over the next few days I disposed of all my shares. I currently hold none. I sincerely hope PyroGenesis and all of its stakeholders do well.. I've been wrong before and will be again; I'm not always wrong either... I allocated the funds to another holding that fortunately received analyst upgrades and is up 18% in the last week and also pays a hefty dividend.
I will continue to follow PYR and may get back in if results materialize. I don't mind missing the first bump. Cheers...