PyroGenesis Inc T.PYR

Lots of talk on CEO discounting amf investigation

[HARJAY]

@BCONTVentures The whole “forging” of a signature is laughable. Try proving that beyond a reasonable doubt. That's why it is an easy allegation to make. The person's whose signature it is, PPP Senior (Peter’s Father), has passed away. Very convenient. I find it interesting that these matters were not followed up upon when PPP Senior was still alive. He could have cleared this all up. No, instead wait until someone who can exonerate Peter has passed on until going forward with these allegations is appalling.

 

@deedeemgee @Helloween the patents were bought from the fathers company over a decade ago. All well disclosed and agreed upon. They exchanged outstanding debt for shares. As a shareholder, I consider it a fair and good deal. What exactly is the “conflict of interest” that could have been avoided? There was no harm to shareholders or self dealing, just arguing over paperwork while Peter had power of attorney. Then the dad died. Where is the harm? Where is the wrongdoing, outside some paperwork potentially being filed wrong? Fiduciary duties were upheld. Peter continues to buy shares and also sell shares via the family trust for personal reasons. That’s fine, it’s legal, and all the delivery boys in the world don’t convince me this is anything but a farce from the AMF.

 

 

@deedeemgee @RustyNut his father was likely in his 80’s and as a seemingly cranky old dude, threatened to sue for the remainder of his payments when he saw an NPV of his payment stream in the financials, instead of the undiscounted sum total of outstanding payments. If it were your own elderly father, how do you think he would react to you sending a coworker to negotiate? If Peter was the best man for the job, let him do it. Last I checked shares were easier to come by than cash for a company like PYR in 2018. I say well done PPP and thanks.

 

 

@BCONTVentures But who was “harmed” here? The company issued shares to reduce debt. Pretty good deal if you look at the amounts payable (at the time), and PyroGenesis didn’t have to settle via cash payment. Then Peter allegedly bought the shares from his Dad, which is fine, and later sold them (as Peter has done). Peter buys and sells shares pretty regularly. Nothing illegal. The fact that this AMF investigation occurred after 2 accounting firms went over PYR’s books is odd. Also, PYR disclosed this item/event in its Annual Information Form (AIF).

 

@deedeemgee I see a lot of poster throwing Peter under the bus but no one can point to a spot on the doll where he hurt you. Father was about to sue for $5.5MM of (rightfully) outstanding payments, settled for 3.6MM in shares. In other words, PYR shareholders got a 35% debt reduction. The Father took the settlement. If anyone should be upset, it’s the father. PYR seems to have got the better deal here. So where is the harm? How was the fiduciary duty to shareholders broken?

 

 

 

@deedeemgee Check my numbers. 5.5 MM of debt paid off for 3.6 MM in shares. As a shareholder I’ll take that deal every day of the week. If you disagree, I will sell you this $100 bill. Any takers? Bidding starts at $135.

 

@deedeemgee Check my numbers. 5.5 MM of debt paid off for 3.6 MM in shares. As a shareholder I’ll take that deal every day of the week. If you disagree, I will sell you this $100 bill. Any takers? Bidding starts at $135.