Pyro need to build Trust with InvestorMost important things in life is trust. Once, the trust is broke, it's had to repair.
Peter as the CEO, promised many things but it seems many things are falling apart.
First, the share price is below $1, but we can say all blame market meltdown. However, we were over $12 last year. Peter stop selling your shares, we can build some trust going forward. Your selling shares causing furhter down side of the share prices and shorter knows that you are selling and they are jumping on the bandwagon toward lower share price.
PFAS contract discontinued because of dispute of IP. I am not a Lawyer, but when I sell a product or bid on projects, I may have multiple clauses to protect my IP on the bidding documents. I find it strange in the last minutes that we walk way from $9.2 million contract. I just do not understand?
Supplying Torch to Iron Ore Industires. On this board, all kind of rumors or negative comments on Torch not going to be used by Vale. Vale did buy a torch (we assume) and going to install by this month. This rumor also causing share price decline and causing retail investor to sell share of Pyro. What I think Pyro need to issue news release and counter these rumors. This will give compart to the investors and possible share price going up again.
Peter need to issue news release on these issue ASAP. Just my comments for today on Pyro. I am holding for long term but for how long?
Have a good friday all!