RE:Independent offerings , DERISKING the companyGreat post SerenityWW, thanks for this (worth re-posting)! Like you mention in your post, PyroGenesis has multiple business lines/divisions, all being executed upon, which has significantly de-risked the company. Also from Peter's current interviews PyroGenesis has approximately $30 million in the bank, no debt, and a backlog of approximately $30 million (which will be coverted in the upcoming 12 to 18 months). Plus with Peter owning approximately 50% of the outstanding shares we shareholders are in great hands. Peter is building a Dynasty and cares for both his shareholders and clients. Exciting times! Long and Strong in PyroGenesis! SerenityWW wrote: That’s what Peter explicitly said in an interview earlier this month and now for the second time in his latest presentation. His clear reason to repeat this once more is to reassure everyone Pyrogenesis does have many highly promising product lines, each of them with already proven technologies, their own (very high) chance becoming succesful, each of them with a completely different client base, each of them contributing to addressing environmental problems high on the agenda of most corporates and governments in every region of the world. My own personal portfolio consists for more than 99% of PYR and HPQ and despite that fact I consider my portfolio as highly diversified and fully derisked (..my highly sophisticated method for measuring that is simply how I sleep… and I can tell you .. that is extremely well, it could not be better , thank you !)
By also repeating he wants to build a dynasty,I believe Peter basically says he wants to build long lasting relationships with his clients. He is not interested in some quick, one-off sales , no, he wants to become a partner and watch from inside how to provide further maintenance services , how to further impove any other processes they’re confronted with. . Peter truly cares about his customers.
That is in the common interest of those clients, Pyrogenesis and its shareholders.
Exciting times, dear fellow longs. Enjoy spring time. We will see some beautiful flowers, I’m sure.