RE:Do some mathPyroGenesis has not been selling their shares in HPQ Silicon, this was addressed in last week's news release (NR):
https://stockhouse.com/news/press-releases/2022/10/31/hpq-silicon-comments-on-recent-trading-activity-provides-update-on-hydrogen Specifically, from the NR:
b. Inform shareholders that PyroGenesis Canada Inc. was not the seller behind last week’s unusual trading activity, contrary to the allegations made on social media.
HPQ contacted PyroGenesis about the sales, and they confirmed that they were not the seller of the said HPQ shares, and that PyroGenesis does not have, and never had any brokerage accounts at Scotia, the brokerage house from which a bulk of the unusual trading activity was made.
PyroGenesis made the following statement regarding their strategic investment in HPQ:
“Let there be no doubt that PyroGenesis views its strategic investment in HPQ as one that we wish to build upon over time,” stated Mr. P. Peter Pascali, CEO of PyroGenesis Canada Inc. “Although we may from time to time be buyers or sellers in the marketplace of HPQ stock, our strategic position is to add to our position when appropriate. Having said that, we wish to confirm that we do not have any brokerage accounts at Scotia and, as such, could not have been behind the trading activity described above.”
Keep in mind that PyroGenesis has invested substantial amounts of time (and money) into HPQ Silicon. PyroGenesis knows where HPQ is headed, hence the investments. Long and Strong in PyroGenesis and HPQ Silicon!
tamaracktop wrote: Pyrogenesis owned 26 million HPQ shares on June 30th. The company's market cap was up $1.72 million today. 26 million shares of HPQ were up $2 2 million today. Why wasn't Pyrogenesis up at least that much?.. Because they've been selling HPQ.....And why have they been selling it? Because they need money.