PyroGenesis Inc T.PYR

How do I know the company has no money????

[tamaracktop]

It's not rocket science

If you know how to read financial statements, and you've looked at this company's financials, you'd know it too.

I have a very strong feeling that some of the loudest posters here have never even looked at this company's financials.

At June 30th, the company had $1,291,508 in cash and equivalents, with $646,751 in cash and $644,757 in a cashable GIC.

Are you reading this? I'll spell it out for you.

SIX HUNDRED AND FORTY SIX THOUSAND SEVEN HUNDRED AND FIFTY ONE IN CASH.

That was over two months ago.

Three months earlier the company had cash and equivalents of $6,612,624, split equally between cash and a GIC.

They went through $5,321,116 during the second quarter.

$1,773,705 per month.

Do some math.

Where are they going to get the money for all these grandiose plans, are they
going to print it ?

Has it occurred to you that the CEO may have cancelled his sales precisely BECAUSE the company is going to announce a secondary offering.

The optics wouldn't look too good if he was selling right before a discounted stock offering would they.

In fact he'd be in it pretty deep.