RE:OrdersI was not asking a question, I was just pointing to some press releases that got me to buy more shares, after doing some DD and trusting the ceo that a lot of orders from various large clients
would purchase more than 1 or 2 torches each, in a relatively short period of time.
Just showing some dissatisfaction, to say the least, like I'm sure many of us feels.
On a good note, I like that he came out and talked about backlog and pipeline over the next 6 months and the realistic time frame that it will take to turn into revenue. Much appreciated, but a much less than what many investors were expecting or hoping for.
I'm still bulish on PYR but with lesser expectations.
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StairwayTo wrote: What we needed, months ago, was the orders that we were told were imminent.
It did not happened as we were led to believe.
Just read the full press release of 7/2/2020 and 9/11/2020
In summary;
7/2/2020 PR
Client A "Equipment purchase discussions are expected to be completed by the end of August 2020, and incorporate the ideal plasma torch configuration identified during the modelling process, with the ultimate goal being to eliminate GHG emissions from all their plants." (Referring to 100+ torches)
Client B "The first phase, as expected, is to be completed by mid-August 2020. During the first phase, which is progressing as expected, Client B has already entered into active equipment purchase discussions with PyroGenesis. with the goal of replacing existing fossil fuel burners" (Referring to 100+ torches)
Client C "we believe that it is entirely reasonable that initial torch equipment purchases will be placed in Q3 2020.”
9/11/2020 PR
"In fact, I can confirm that the current status of torch negotiations with various clients anticipate closing more than 1-2 torch deals in well under 3 months, let alone 3-6 months."
"Well under 3 months" would have brought us to well under December 11th, 2020