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HPQ Silicon Inc V.HPQ

Alternate Symbol(s):  HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.


TSXV:HPQ - Post by User

Comment by dalesio_98on Apr 02, 2024 1:32am
274 Views
Post# 35964283

RE:RE:RE:Pyrogenesis your nemesis

RE:RE:RE:Pyrogenesis your nemesis TheoJones post at Agoracom:

"Rough financials

Not good. At first glance:
 
Client B site acceptance test not even done yet, let alone actual trials.
 
16,265,500 HPQ common shares were disposed for cash amounts totalling $3,938,452 resulting in a realized loss of $1,590,114.  
 
Just $2.55M remaining of "strategic investments" to sell as of Dec 31. Almost certainly far less than that now.
 
$8.6M expected credit loss. $9.265M in receivables. Of that $9.265M only $444k is current. $9.345M in accounts payable.
 
Accounts payable is higher than accounts receivable.
 
No powder revenues listed.
 
$10M pyro green gas contract a no go.
 
"Period of exclusivity" customer from January not able to arrange financing yet."

lscfa wrote: PYR fins on sedar. Owns 11.4M shares of HPQ at Dec 31, down from 17.4M at sept 30

 
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