PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > How do I know the company has no money????

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Comment by sumpinehon Sep 12, 2022 11:19am

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Post# 34956652

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

Given the post that you quoted,that would appear to be a very dumb question.

Stubbyinsider wrote: Do you own any PYR shares?

tamaracktop wrote:

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.