RE:GOOD INFORMATION FROM THE CONFERENCE CALLGreat points Melida, thanks for this. I also enjoy having Peter go "off-script" during the conference call. Definitely lots going on at PyroGenesis.
From the Q1 NR: "The company's flagship technologies are now being assessed, tested, or in use across a much wider array of major heavy industry categories, in more primary jurisdictions globally, than even we once thought possible.
In so many ways, we are just getting started."
A great visual of PyroGenesis' solutions. A number of these solutions have been commercialized during the past couple of years:
Melida wrote: Pascali went off script in relation to past due receivables. He indicated that initial contract with Radian was amended to reflect a delayed payment on balance due. He further indicated that Radian was thereby allowed to reallocate funds in a fashion that will benefit Pyro. GAAP requires financial statements to deal with this issue on the basis of the original due date for the Radian payments to Pyro, which means the outstanding balance due has to show up as a past due receivable. Pascali indicated that this receivable is collectible. Plain and simple.
I'm very comforted by this information. In fact, I'm of the opinion that this whole issue is going to result in a bigger win for Pyro and not just the collection of the past due receivable.