RE:RE:RE:RE:FINAL COMMENT ON FINANCIAL STATEMENTS It's an interesting discussion, about the valuation of any company, including PYR.
Book value, is no longer used by most investors, even Warren Buffett, one of the greatest investors of all time-even though that was the approach that started value analysis with Benjamin Graham
(see below)
Similarly, talking about potential revenue, based on technology, is relying on speculation.(and one should be cautious of who is speculating and any vested interest that may color that opinion)
In fact, it's actual cash flows,growing cash flows, that many of the most successful investors worlwide propose that we should be looking at, and the ability to actualize revenue that is claimed on an accounting basis. In this regard, PR has failed miserably in my opinion. That is, it has accounts receivable, it's unable to collect what it sold, and the revenue itself is declining. It has never been profitable, so for all the speculation about future promise, I will go back to what the company has said themselves about this being a concern, and about the declining revenue, absent, profitability, and operating metrics which speak for themselves.
“For nearly three decades, the initial paragraph featured the
percentage change in Berkshire’s per-share book value. It’s now
time to abandon that practice. The fact is that the annual
change in Berkshire’s book value… is a metric that has lost the
relevance it once had.
”Warren Buffett Annual Shareholder letter
all imo
do your own DD
trust your own research
G