RE:RE:CEO Peter Pascali commentary regarding spin-out and uplistYep, I think the idea would result in 3 companies. The value of core PYR would drop because some of the cash and vaule would be associated with the divisions that are being separated into their own stock/ticker.
Why I personally think this is awesome is that we should expect cash from the DI deal such that that division is fully profitable and would not ever need to do dilutive financing.
Likewise if we get a furnace deal that is spread over years, we will know that it is self sustaining with cash flow.
Waste disposal is a great idea but has been really slow to get where it needs to be so having that not weighing down the normal day to day of everything else would be good. If money is needed to keep it going, they could do financing via stock sale and it wouldn't impact any of the other verticals.
Additive manufacturing is kind of in the same boat, we seem to have a couple big partners who would sell our powders, they just haven't done so in any notable way so far. Again, could be supported with financing if necessary and not impact the other verticals.
I assume there would be people currently on the board of directors who would take control of these companies and they would probably each bring in additional board members for each independent company. This frees Peter to focus on Furnace and Drosrite while the other areas are managed separately. I assume Peter would still be majority ower of each company but he wouldn't have to be juggling so much and worrying about missing opportunites with the less immediately lucrative operations.
All this is my speculation so take it with a major grain of salt.