PyroGenesis Inc T.PYR

RE:RE:RE:Unlikely PYR CEO will see a pay raise

[Purpledriller]

dalesio_98 wrote: I indicated a raise and a retroactive adjustment. Or was I mistaken?

Excerpt from Globe and Mail article:

At PyroGenesis, a family transaction runs into allegations of fraud
DAVID MILSTEAD

PUBLISHED SEPTEMBER 12, 2023

UPDATED SEPTEMBER 13, 2023

https://www.theglobeandmail.com/business/commentary/article-pyrogenesis-quebec-regulator-fraud-allegations/

PyroGenesis also says “the operations of the company continue as usual.” Perhaps shareholders should neither take comfort nor be reassured by that. The company has never made an operating profit in a dozen years as a public company, and the shares are down 93 per cent from the February, 2021, highs.

[...]

The big winner at PyroGenesis, instead, seems to be the Pascali family. At least, for now.

 

With reports from Nicolas Van Praet

Good luck to All!

Mostlyserious wrote:

I believe his salary this year is $520k since his previous salary was adjusted for inflation.  Raise your hand if your salary was adjusted for inflation.

The description of how the salary was determined includes share price in the past, financial results etc and they benchmarked companies between $400 million and $1.2 billion in market cap.

The CEO also got $19k for attending board meetings as a director.  That's sweet.

And then there are options and other benefits including pension which is supposed to be based on profit the way I understand it is described....when was the last time PYR turned a profit?

It is not the shareholders that determine his compensation package, it is the board.  He is the CEO, he is a director, he is pretty well majority shareholder.  For all of those worried about him as a result of articles like that, don't. Plenty millions shares sold at above $4 years ago, he's good no matter what happens to the rest of his holdings.  He's done well, good for him.

 

Not legal advice:

Since this poster like to post over and over negative slant. I will do in kind likewise.

These are all allegations by hack reporter trying to be judge and jury not even giving light to any possibility of reasonable doubt.

It is not impossible that Peter signed the POA incorrectly with his dad's signature instead of his own w notations of POA on behalf of donor. 

Let's say he didn't have POA. Maybe then there could be   potential fraud if his dad had no knowledge of or not granted permission in any manner but having an effective POA gives Peter legal right to sign and bind the donar(dad) - a court order would be required to make POA null and void.  

The max financial exposure to PYR is $500,000 if AMF is successful which I highly doubt.   

 

PYR is really hitting it's stride as of late and things look very bright.