I think this guy has backed himself into a corner Everybody knows that there's only one reason insiders buy shares and there are several reasons why insiders might sell.
They might sell for tax reasons, or to diversify, or for estate planning purposes, of to make a major purchase, or for any other of a myriad of possibilities.
The way I see it, your CEO's selling has been too consistent and too aggressive.
After all, he sold last Tuesday, Wednesday, Thursday, and Friday, the last sale going through
at $1.42.
There's no doubt this company needs money.
How is the company going to sell any significant number of shares without offering them at a steep discount?
I'm not a basher. This board needs a counterweight to provide a more objective perspective of what's going on here as opposed to being occupied solely by nothing but pumpers.
I'm not even sure what they're pumping.
By the way, "Peter's" comment about Pyrogenesis being "the Tesla of high-temperature heating" while selling stock all along was a doozy.
Try not to forget these two excerpts from the article in La Presse:
" It was not possible to speak to the CEO of PyroGense to provide an update on the situation. Our messages went unanswered."
and the article's conclusion:
"PyroGenesis stock went from being worth less than $1 in 2020 to over $12 in Toronto last year, before falling back to its current price below $2. PyroGenesis has suffered losses for the “majority” of exercises since its incorporation. The loss amounted to 38.4 million in 2021. Income of 31 million was declared in the last financial year. The Financial Markets Authority declined to comment on the case "
I don't think we've heard the end of this.
And if you think this stock couldn't possibly go much lower you're wrong.