A close approximation of what he essentially saidOn some occasions we will be buyers of HPQ, and on others we will be sellers, but we aren't the ones who have been selling through Scotia.
At no point does he categorically deny that Pyrogenesis has been selling HPQ shares.
Rather, the news reads that "HPQ contacted PyroGenesis about the sales, and they confirmed that they were not the seller of the said HPQ shares."
The "said shares" are the shares being sold by Scotia "the brokerage house from which a bulk of the unusual trading activity was made."
You better hope that someone with a large position isn't frontrunning Pyrogenesis on the sell side, trying to unload knowing that unless they do a financing, Pyrogenesis is going to have a lot of shares to sell.
That would be very ugly.