PyroGenesis Inc T.PYR

Some great posts from ceo

[BCONTVentures]

Some great posts from @Dodgetown from ceo:

@Dodgetown The guy is CEO of the company and basically owns half of the share float - he is allowed to sell shares, they are his, it happens all the time….you were entitled to sell your shares as well, and still are, only difference is his have to be publicly disclosed and within insider trading guidelines. He’s sold shares high and he’s sold them low. He’s also injected cash into the company on multiple occasions - thank you for that Peter, as a shareholder myself I appreciate a CEO who continues to support my investment with his own money. And a 3% interest loan? I’d take that all day if I could get it at the bank right now, he’s not exactly loan shirking at that rate - he could get a higher rate of return on his money in a nice secure GIC. For weeks the chatter has been they need to do a raise - well, he single handedly propped things up at a very favourable rate to shareholders - would you have preferred going out to the open market and taken a debenture at 15% interest? Or diluted the shares more with a 1 for 1 warrant? Peter’s ongoing support of the business is a huge positive IMO and a big part of the reason I’m still invested here. I feel more secure knowing he’s backing it up with his commitment and deep pockets, many pre-profit companies wish to be so lucky.

@Dodgetown @FuturePredictor Funny? What doesn’t happen all the time is a CEO who owns half the float - he isn’t dumping shares, it’s a tiny miniscule percentage of his overall holdings. If you think it’s uncommon for insiders to sell some of their shares on occasion you aren’t paying attention, many don’t hold half the float though.

@Dodgetown Well here’s the thing @FuturePredictor, maybe I do end up screwed in the end, but my take right now is I still believe that the tech is real, that AM powders are the future of manufacturing, silicon is going to be in demand for batteries, the governments around the world are going to continue to put more and more pressure on industries to reduce their carbon emissions, and that clients like Rio Tinto, Ma’aden, the US Navy, an unnamed aerospace company, and likely many others are real and are all working with or in discussions with Pyro to solve their issues. A giant deal 6 months ago would have been fantastic but if just one comes to fruition in the future, the current stock price just doesn’t matter. Merry Christmas.

@Dodgetown and here’s another perspective, yes I’m sure his selling has impacted the price, but as I mentioned before, he’s also propped the company up by investing into it and shareholders benefit from that. When he sells on the open market it doesn’t really affect the company directly, it’s in the market; but when he lends the company money, or exercises options, that money goes directly into the company coffers and boosts their operating budget. If he needs to sell a fraction of his multi million shares to exercise options etc. I’m good with that.

@Dodgetown Look I’m just trying to be real and honest here, I’m not an insider, I have no access to special info that isn’t available to anyone else. But the stock price isn’t the company. As I said before I do believe in the tech and believe it’s just a matter of time. Am I frustrated about the length of time when it was previously described as imminent? Sure I am as anyone is. I hoped to be retired by now, who likes to work? I believe Peter believed it would have happened sooner. There can be lots of reasons for the delays, Covid, companies waiting on government subsidies, things not going according to plan with infrastructure upgrades, logistical issues, inflation costs on materials, whatever doesn’t matter, we are where we are. Bottom line is I still believe things are happening and moving forward but slower than expected. Whale? Well, that maybe would have been nice in hindsight but maybe back when Peter didn’t anticipate the price still being this low at this juncture or things not having yet happened…who knows. In the post Covid market there may not be as many willing whales around investing in small caps when interest rates are over 5%, and, by doing a cross sell doesn’t put money into the company so not sure it would be much better. I take confidence that our own CEO is a bit of a whale himself and continues to invest his money into the company. The delays are frustrating, but less concerning knowing the CEO is committed so strongly and he backs it with his personal money. That is something most small caps don’t have. I could always be wrong but I’d sell if I thought otherwise.

@Dodgetown That’s only true to a certain extent @FuturePredictor. While you are absolutely correct that a $1m raise at .40 is more dilutive than at $4, that’s the extent of it. You can’t tell me that when we were over $10 that that was an accurate valuation of the company at that time. I’d also argue that .40 isn’t an accurate valuation of the company today - the stock price is wildly subjective to market sentiment. And we don’t know what we don’t know - it all changes tomorrow if there is a $40m contract announced.