RE:RE:Lets Talk FactsMostlyserious wrote: First, the pumpers here probably have never gone to the actual financial statement filings beyond NRs. And likely dont know how to read them. Holdrrrr brought up by himself receivables and completely embarrassed himself by not knowing what they are and did not even read the note about them in the FS that bring forward a lot more questions. The Drosrite big contract was for 7 systems. 3 have been delivered, 4 have been manufactured but not delivered at the time of last statement. As if a joint venture between Alcoa and a Saudi Arabian company does not have several million dollars to pay for something that is cost efficient and product effective. I dont blame 3P either. In the investment world, we call that being accountable. He is ultimately accountable for where the company and share price is. Even more so than in other publicly traded companies because he has majority controlling interest and the board is just optics. I dont know how those board members continue serving. But I can guess why$. I hold him accountable for over promising and under delivering. I understand that under delivering is not fully within his control because the client makes the decision and he is not inside the fence when clients hold internal discussions. But he is fully responsible for over promising. He cost a lot of people a lot of money, he and his family trust and family have done well considering the actual results of everything PYR had done up to this point. Commercial stuff not selling well, tons of stuff not commercialized yet and wont be without additional financial resources. Thats the reality. No bashing, no pumping. Hard, cold reasonable deduction of facts.
And furthermore, I never embarrassed myself in your infinite wisdom. If your reading comprehension was a little better, you would know I never stated what the "definition of accounts receivables" was. I made a general statement that is severe market conditions receivables may be extended, and that pyr has to be lenient in timing for torches if clients are still willing to buy, but need increased timelines for payment. Because a late payment on an order, is better than no order at all.
So stop embarrassing yourself, next time walk in the bank and buy a mutual fund and next time there's a market downturn you can pitch a tent at the banks front door, to whine to the manager like you do in here.