RE:RE:RE:Drosrite International LLC – Alex PascaliMidtownGuy wrote: Nah, it may seem that way without looking through the details, but it's a very smart business move. It's also a very basic one. Nothing shady, it's done regularly.
Shell company with a US name and address, simply to allow easier flow of business with a country or entity with which Canada was having some political difficulties at the time.
Resulted in a huge contract and a huge financial gain for PYR that could not have happened without it. Great move.
campst wrote: This is one of the main reasons I haven't invested in PYR - appearance/actual conflict of interest..... but what do I know? cheers
this news release also state :
"The Company’s disclosure also led to believe that the Company’s Drosrite technology was protected by patents. However, the Company’s Drosrite technology was only protected by patents until 2017 and new patent applications pertaining to the technology have been filed before 2017, which patent applications are pending."
temporary, but just to let you guys know.