RE:Peter is right: Slow is smooth, smooth is fast.I feel that many investors do not put enough "stock" into the importance of insider ownership when being impatient about results. CEO PETER PASCALI IS THE LARGEST SHAREHOLDER OF PYROGENISIS AND HIS GOALS AND DREAMS ARE IN ALIGNMENT WITH ALL LONG SHAREHOLDERS. He has the most to lose, and also has the most to gain, based on the success of Pyrogenesis. Cheers!
SerenityWW wrote: Or to put it differently: do things right the first time. Better to move deliberately a little bit more careful, slower in the beginning, thus ending up faster in the end, having better results.
The reason I put this down here now was some (in my eyes, superfluous) question by an impatient investor on Agoracom asking Peter why there were no more signatures yet. I had the feeling Peter felt a bit sorry for the lack of understanding and the poor, almost blunt way this question was raised by that investor. Plse look yourself for the full answer at Agoracom’s PYR discussion forum (don’t wanna copy here), but really cool how relaxed and polite Peter managed to respond last Friday and he ended up by saying : “I would definitely not be concerned”. Enough said, we, true longs, already knew, we don’t have to be worried with such a CEO adhering high standards in every aspect.
But what strikes me is why people fail to understand Peter wants to close the BEST deals, not necessarily the fastest deals. Yes, he easily could have done that with client C, just look at this excerpt from 2nd July PR:
A new potential client (“Client C”), who is not only a significant player in the iron ore pelletization industry but is also a major player in the steel industry, has entered into active equipment purchase discussions with the Company. There seems to be a high probability that Client C may bypass the modelling phase altogether, however it is PyroGenesis’ preference to incorporate a modeling phase if at all practical.
Clearly, Peter wants a fair price for his torches but he also wants his customers to be happy with any installation provided by Pyrogenesis, to build long lasting relationships with them, also for maintenance. So, he is trying to find the right balance between interests of all parties involved.
It took him decades to bring the company where it is right now : on the verge of great breakthroughs. Then, why impatiently asking for a signature, when Peter basically already set the expectations right in that same PR:
"Barring any unforeseen events, we believe that it is entirely reasonable that initial torch equipment purchases will be placed in Q3 2020.”
Not even to mention the big progress made in other business lines. And on various occasions (recent Agoracon video interview etc) he keeps on saying all is going well , nothing has fallen off . His positive excitement is telling, very telling. Why now bother this great, hard working man with more questions about signatures? He cares about all parties involved , Pyrogenesis employees, but also his clients, his investors , and the rest of the World.
True longs now this and constantly emphasize to be patient , but my opinion is it also has to do with respect now to let Peter properly finish those negotiations the way he believes it has to be done.
He wil come with news, he will , but let him set the agenda. And it could be pretty soon, unexpected as a surprise, so hold your shares tight, don’t miss out any big profit by daytrading.
GLTA.