While you're on the subject..Yesterday I posted this: tamaracktop wrote: I looked at Pyrogenesis hard quite some time ago, but decided that their public releases were a little too rosy, almost to the point of causing unrealistic expectations.
Those unrealistic expectations seemed to me to be reflected in the stock price.
That's why I never suggested it to my "friends".
My post on September 8th was just one of several examples of exactly what I was talking about: Sept o8, 2022
This is unbelievably misleading
Read the highlighted portion of yesterday's press release, and then read the headline in The Market Herald;
"the Company has been selected by a an international producer of magnesium metal (the “Client”), to test PyroGenesis’ zero-emission plasma torches as part of their process for transforming mining waste and recycled minerals into high-value metal. At this time, the name of the Client remains anonymous for confidentiality reason"
And then....
PyroGenesis (TSX:PYR) secures metal recycling projects
Just how factual is that headline?
Why do you think PyroGenesis has made 3 press releases in 8 days?
Because they're trying to get the stock price up to do an offering.
The stock hasn't moved.
It traded as high as $1.94 8 days ago, and closed today at $1.88.
The company had $650,000 in cash on June 30th, but you wouldn't know that if you just read their press release.
The company lost $1 million a week in the 2nd quarter.
Where are they going to get the money?
Don't close your eyes to reality because you're blinded by bias because you own the stock.
Wake up people."