tamaracktop wrote:
FisherKat1 wrote:
..PYR running out of cash it appeas financing here gets a lot less money for a lot more shares........Peters inside selling appears that he is taking as much as he can as fast as he can at any cost..........
At least some people are realizing what's going on and being proactive.
The volume on Friday was the biggest volume in two months, going back to August 16th.
The market is voting with its feet and the polling stations haven't closed.
Remember these excerpts from fairly recent posts: tamaracktop wrote:
My biggest concern would be the volume
This stock is taking out old lows on above-average volume
Daily volume in the last 5 days has averaged 253,000 shares versus the 30-day average of 162,000
Given that it's been almost 2 1/2 years since the stock traded here, technically it's difficult to see support anywhere.
hope I'm wrong about this one for your sake, but a market cap of $270 million for a company with very little cash, a return on equity of negative ninety-five percent, and that's trading at 9 times book value seems a bit rich to me.
October 6th tamaracktop wrote:
How many times have you wished you'd sold a week ago?
More importantly, how many times will you wish that going in to Q3 numbers?
Or, maybe worse yet, after Q3 numbers?
It seems quite unlikely to me that the numbers will be pretty.
Remember this post from September 2nd: tamaracktop wrote:
Backlog declined from $41.2 million in the first quarter to $35.3 million in the second.
Backlog declined $5.9 million.
Second quarter revenues were $5.8 million.
Revenues consisted entirely of working off backlog.
There were no new orders.
3rd quarter numbers aren't much more than a month away, and you better start thinking about that.
The market will.
Have you seen any new contracts in the last few months that would add to backlog?
Have you seen anything that will have improved a seriously cash-strapped balance sheet?
I'm not an analyst, but I do rely a great deal on number crunching, and it seems to me that yoy comparisons are going to be downright ugly, considering that in Q3 2021 the company reported revenues of $9.3 million, a backlog of $44.9 million, and cash and equivalents of $15.8 million.
They aren't going to come anywhere close.
All I'm suggesting is that you be careful. October 8th tamaracktop wrote:
This is a mistake I learned from a very long time ago.
Retail investors often glorify their own stocks by thinking they're "the only game in town."
It's not a town, it's the world, and a Canadian company strapped for cash that has a market cap of
$230 million is unlikely to become a major player.
Much like Xebec did, to some degree, Pyrogenesis has become a pipsqueak in the greater scheme of things
A baby gazelle confronting a pride of lions.
October 9th tamaracktop wrote:
How is it even possible you can't see what's right in front of you?
Your CEO is the biggest pumper of all, and you're not only buying it, you're insulting the people here
who are pointing it out.
"Peter" was selling stock all of last week, right up to Friday, the day of the contract cancelation news.
They probably put out the news late Friday to put as much time as possible between the announcement and his last sale.
That was a joke. But not really.
Jesus! Can't you see it?
"Peter": sold 50,000 shares on Friday @ $1.40.
He sold 44,200 shares the day before @ $1.48.
He sold 27,200 shares the day before that, on Wednesday, @$1.52.
And he sold $42,900 shares the Tuesday before that @$1.60.
Your CEO has been selling stock into 2-year lows.
That's a fact.
All this after actually "announcing" the termination of his share disposition arrangement, claiming it was in the "best interests of his shareholders".
Are you kidding me?
I've said it here before.
He's the biggest pumper here.
Why wouldn't he be?
He's got the biggest microphone and he's got more motives than anyone.
Unfortunately, judging from the number of his supporters here, it seems to be working,
while he merrily sells shares into new lows right up to the same day the company announces negative news.
You're all nuts.
October 11th tamaracktop wrote:
This will be like a game of musical chairs
Where the chair is the sell button and there are hundreds still playing and only one chair left when the music stops October 11th tamaracktop wrote:
Attention all rookies
This is only going to get worse. You aren't locked in.
But you will be if it's halted tamaracktop wrote: \
Notice the difference in management's comments on liquidity from Q1 to Q2:
Q1:... Liquidity
"As at March 31,2022, the Company has cash and cash equivalents of $6,612,624. In addition, the accounts payable and accrued liabilities of $9,378,832 are payable within 12 months. The Company expects that its cash position will be able to finance its operations for the foreseeable future."
Q2...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."
You have some thinking to do.
I guess the company no longer "expects that its cash position will be able to finance its operations for the foreseeable future."
This stock is imploding.
Everyone's life is a book, and everyone is their own autobiographer.
This chapter in your life is drawing out too long, but only you can close it.
It's time to close it.
It's getting tiresome.
Sell this pig and move on while you still have some ink left.
Colour it history.
You'll feel better the moment you do.
The writing is on the wall.