PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

TSX:PYR - Post by User

PyroGenesis Inc > The AMF will nix this

<< Previous

Bullboard Posts

Next >>

Comment by dalesio_98on Apr 11, 2024 9:53pm

91 Views

Post# 35984698

RE:RE:RE:RE:RE:RE:RE:RE:RE:The AMF will nix this

HARJAY/HARJAY9,

Doesn't cut it!!
Refer to my last 2 posts quoting your comments and kindly provide proof of the same.

"The Company expects that with its cash, liquidity position, the proceeds available from the strategic investment and access to capital markets it will be able to finance its operations for the foreseeable future."

What do I call that - stupid!! Why?

Strategic investment!!
Pyro acquired HPQ shares at 62ish cents and disposing of more than the majority down to 17.5 cents. PPP acquired 3,779,700 HPQ shares yesterday from Pyro at 17.5 cents. Very strategic!!

The icing on the cake from the Pyro CFO ... “This sale will bring PyroGenesis an influx of cash on favourable terms,” said Andre Mainella, Chief Financial Officer of PyroGenesis. “It also underscores the continued support of Mr. Pascali of PyroGenesis and HPQ.”

"The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval."

https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-announces-block-sale-hpq-silicon-inc-shares-its/

Desperate for the influx, were you Pyro.
The board ought to have provided Pyro shares and warrants for the $661,447.50 funding. Pyro runs the risk with the TSX and/or the AMF not allowing the transaction. Just what Pyro and PPP don't need with the TMF administrative hearings continuing in person on May 8, 9, 10th with PPP and Me Paterson testifying.

Desperation calls for desperate measures.

Time Will Tell All

Good luck to all!

HARJAY wrote: I think this covers it , what do you call that but signaling their intent to sell.

Liquidity and Capital Resources

As at December 31, 2023, the Company had cash of $1.8 million, included in the net working capital deficiency of $7.0 million. Certain working capital items such as billings in excess of costs and profits on uncompleted contracts do not represent a direct outflow of cash. The Company expects that with its cash, liquidity position, the proceeds available from the strategic investment and access to capital markets it will be able to finance its operations for the foreseeable future.