RE:RE:RE:RE:PYR Going Private in 2023!ARE YOU SERIOUS? 7 YEARS AGO. LOL
You realize Peter is 7 years older now and lots has changed in the past 7 years. When you supposedly asked him the question regarding privatization, PYR was truely an R&D company with only one or two business lines under deveopment. The company has evolved a lot since then and the market is valuing the company marginally higher than it did in 2007. No where near where the potential sits today. Insiders historically look at privatization when there is a huge disconnect between current market value and the valuation the company should be trading at. Based on where PYR is at in the case of product development, potential major contract signings etc PYR shares are highly undervalued. Peter would recognize this especially as a result of his background in finance related matters. He would see the opportunity and would not let the interest of shareholders hold him back especially at this age. This is a golden opportunity for him to truely show the investment community he has the goods. Institutions don't support PYR at this time and neither does the investing public at large. Take the company private and prove them wrong.
BCONTVentures wrote: PyroGenesis will not be privatized. Why would Peter/PYR take the time (and funds) to uplist to the Toronto Stock Exchange (TSE) from the Venture exchange? And then to further uplist to the NASDAQ just to go private makes no sense. The privatization question/issue is one I asked Peter in 2017 when I met him and he said he had no plans to take PyroGenesis private. He truly cares for his shareholders (he is also the largest shareholder) and employees. He is genuine and the real deal. Peter has mentioned that his Son (Alex) will become President of PyroGenesis in the future. Note that Alex was instrumental in bringing both DROSRITE and HPQ Silicon (the Quartz Reduction Reactor, QRR) to fruition at PyroGenesis. PyroGenesis will not be privatized. Long and Strong in PyroGenesis! LivingTheDream1 wrote: developbc wrote: Pete stated in an interview that going private is NOT something he will consider. He emphatically said he understands the loyalty of long term shareholders especially the ones that help fund during pre revenue days. He is said also his dream is to build a children's hospital one day which demonstrates his intergrity/heart. He wants to grow this company with his loyal shareholders.
IF he was to take things private ...why would he uplist and continue to expand and work so hard tiredlessly only to make things more expensive for him?
Long and strong PYR!
LivingTheDream1 wrote: Makes perfect sense. It really is only a matter of time. Peter retains majority control and continues to call the shots. Those fortunate to participate in the privatization will make off like bandits when PYR's business lines truely take off. Wait for a $3 per share offer for those shares Peter does not own - almost a double from today's close! For all the naysayers, you are clearly missing the point. Peter will benefit big time from such a move. Lots has changed over the past number of years. It is coming......
The thought of going private, many months ago, probably made no sense to Peter. At the time PYR was still in the midst of proving their technology and the stock price was appropriately priced on the basis of being a R&D company. Since that time, it appears that various PYR technologies are getting closer and closer to being proven. Major contracts may not be that far off. The anomaly is that the current share price does not reflect the fact that major contracts may be close to being realized. PYR's shares are priced more in line with early stage R&D companies as opposed to a company on the verge of major transformational financial advancement. This is a perfect time for Peter to take the company private. Why not buy out the remaining shareholders at a $3 or $4 per share valuation if you feel relatively comfortable the company could be valued at 5x or 10x plus current valuations a year or two into the future......