RE:RE:RE:RE:RE:RE:RE:RE:RE:From the CEO site - FYIThis sure sounds like slander....lot's of implying going-on here...For instance Peter would know that a company intends to switch to plasma torches as soon as their old style dirty electric torches have come to the end of their life, and money from a gov't has been pledged / contracted to help pay for the transition to plasma torches ASAP....Big gov't and big businesses need time to organize deals like this...much like the deal just announced in the UK with Tata steel to turn the Talbot steel plant from being the #1 polluter in the UK into a vastly cleaner greener cheaper plant...a plant that would otherwise have gone out of business....at the loss of 8,000 jobs...cleaner plasma torches will require 3,000 less workers at this plant....I'm sure the 5,000 workers with this new long term job are quite happy with this deal....I'm sure the environmental savings are more than greatly appreciated by Tata steel & the environment.....This would be a massive NR for Pyrogenesis .....uncleron is always right !..cheers
throwaway11 wrote: I am an admitted non-shareholder, but I have been watching this company since before the meteoric rise of its stock in 2021 (which was driven by market conditions, not the company itself) when I was alerted to it on another social media site.
Too often, I see management pay themselves and then proceed to live large as though they have succeeded long before the company over which they govern has shown any sign of real business success.
The circumstances under which the CEO is being investigated for conflict of interest warrant completely valid concern. Many shareholders - most who have substantial losses - all too willing to defend or dismiss the reality that a large number of Canadian microcaps are seen as quick vehicles to wealth (Or, in many cases, scams) be damned actual success or value provided.
What does it say when a CEO lives large on the backs of shareholders and employees? It shows they do not view the companies success as imperative to their personal success, and possibly, it could also show that they do this because they believe or even know the company will not succeed.
The discovery, alone, that he lived in literally the most expensive mansion in his area of residence is enough for me to stay watching and not investing.