PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > Remarkably curious transactions. Perhaps without legitimacy.

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Post by tamaracktopon Dec 25, 2022 2:25pm

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Post# 35191590

Remarkably curious transactions. Perhaps without legitimacy.

While some poster here have a cavalier attitude towards financials, and blow them off as being "inconsequential", I don't share that mindset.

On December 31, 2021, Pyrogenesis owned 26,752,600 shares of HPQ, worth $12,306,196 at the time.

On April 20th, 2022, the company acquired an additional 6.8 million units of shares and warrants of HPQ by way of a non-brokered private placement for $0.53 for total consideration of $3,604,000.

As of September 30th, the company owned 22,928,100 shares of HPQ, worth $5,044182, as of this past Friday's close.

These are the company's "strategic investments"

They comprise the better part of the "Cash, cash equivalents and publicly traded shares at September 30, 2022 of $8.3 M" referred to in the Q3 earnings release.

The actual cash component of that number is $2,364,861.

Pyrogenesis sold 7,942,000 shares of HPQ in the first 6 months of this year.

In the ensuing 3 months, the third quarter, Pyrogenesis has sold an additional 2,682,500 shares of HPQ for net proceeds of $750,390.

The company bought 6.8 million units of HPQ for $0.53 in April, and then sold 2.68 million shares of HPQ only months later, during the third quarter, at an average price of $0.02797.

The questions become "What is this "strategy", and "Who's "strategy" is it?"

Somebody is trading with your money.

Somebody is speculating with it.

It's in the millions.