RE:RE:RE:Another pathetic rebuttal "PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing."
"that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets"????
Vetted and adopoted?
I don't think so.
Remember this headline in "The Market Herald" on May 17th?
PyroGenesis sees slow start to fiscal year but secures $41.2M in contracts
The facts are that the company reported $11.51million in revenues in the third and fourth quarter, while at the same time, the backlog dropped $million.15.2
Pyrogenesis' technology isn't being "adopted by multiple multibillion dollar industry leaders in four massive markets", orders are actually being cancelled.
There is no other possible explanation.
The company lacks the financial resources necessary for potential customers to be confident it can deliver.
Note #12 to the Q3 financials:
"1 Sale commissions payable relate to the costs to obtain long-term contracts with clients".
The company owes $876,000 in sales commissions.
This is noteworthy.... That particular entry in the notes is the smallest font in the Q3 release..
How can you be s blind?
Thisn company is leading you down the garden path.