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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.


TSX:PYR - Post by User

Post by tamaracktopon Sep 20, 2023 4:45am
214 Views
Post# 35644710

So what happens if..

So what happens if..What if the eleven something million in payables greater than 90 days in arrears is made up largely of debt that Drosrite owes Pyrogenesis.

Then you have an opaque private company owned by Peter's son making up possibly a huge percentage of the $11.6 or so million in receivables, which are in turn by far pyrogenesis's largest currently asset.

Total current assets are $19.5 million. 

A complete default by Drosrite would doom PyroGenesis. 

Their working capital shown on the books would get slaughtered. 

Shaky shaky ground.
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