RE:honest questionhhthem, I will give you and honest answer that others don't understand.
1) Yesterday's news was that PYR received a payment of $2.5M which was already in the bag and nothing new.
Also they got a new contract for $267,000.
PYR has about 169MM shares outstanding with a price around $5 which makes it a $850MM market cap company.
A new order of $267,000 does absolutely nothing to a company worth $850MM.
You need orders of $20MM or more to have any signifance.
2) Also a previous poster said short selling is the reason why the stock is down.
If PYR is really a GOLD MINE, why would short sellers attack it? They would be too afraid that one order and the stock would go up over $10 right away.
After all, all the posters here say that an order is coming any day now so why would the shorts
attack a stock where an order is immenent?
3) Previous post said that the shares are tightly held. Well there are 169MM shares out there and the CEO has about 50% which is around 80MM.
The other shares which account around 85MM are tradeable and this is a lot. If you look at other stocks, 85MM shares is above average for this kind of stock so PYR, even though tightly held by some owners, can trade at a high volume.
Hope this helps
hhthemm wrote: I'm long with pyro (have more than 300,000 shares - bought in spring 2020). I'm looking for facts or genuine, levelheaded opinions, not fights. This is an honest question: does anyone know how or why the stock price would have fallen yesterday and today, after good news? I actually don't get it.