RE:Un F'n believable tamaracktop wrote: He's buying stock at a 4 year low, after pyrogenesis sold 16 million shares last year.
Shares I might add that PyroGenesis bought with shareholders money at 62 cents for a unit.
The strategic investment.
"Buy it with company money
Sell the stock I just bought with "company money"
"Subject to the approval of the Board.
Down to 4 year lows.
And then buy for 17.5 cents the very same shares that I authorized pyrogenesis to pay 62 cents for less than 2 years earlier.
Works for him.
Seriously questionable
from any angle
I find it very strange that CFO Anre Mainella could state that " we are excited about what the future holds for the projects in development with HPQ " and then agree to sell these shares at basement prices. If the future was so bright why would he OK the sale unless the boss (CEO Peter) was twisting his arm? A very odd statement, probably just reading what the boss told him to say.