RE:Need financing now with only 1.2m cashNot at all there mingzhu, Peter has said a number of times that financing is not required. Further, take a look at the financial statements and compare PyroGenesis' Accounts Receivable (A/R) vs. Accounts Payable (A/P):
Accounts Receivable (A/R) more than covers Accounts Payable (A/P): A/R of $19,205,762 vs A/P of $7,003,200. The accounts receivable are constantly turned into cash/cash equivalents on a daily basis. From above, there are $19 million worth of accounts receivable that will be turned into cash vs. $7 million of accounts payable. This is a normal course of business for any company.
Long and Strong in PyroGenesis!
mingzhu wrote: Liquidity
As at June 30, 2022, the Company has cash and cash equivalents of $1,291,508. In addition, the accounts payable and accrued liabilities of $9,404,542 are payable within 12 months.