RE:Only $550k max exposure to PYRYou think the damage to PYR would only be financially, for $550k. What about the perception by potential clients to see that the AMF is investigating the CEO, who has 40%+ in the company, for fraudulent activities.
I have my thoughts on this, some others might take this with a grain of salt, thinking that a POA gives you the right to sign someone else’s name, it doesn’t, it allows you to sign on behalf of that someone else. We all learned that at a young age. Anyway, I think the lack of sales, contracts and revenues is indicative of that perception.
Purpledriller wrote: Reposting as the team FUD constantly repeat posts that we longs are sick of.
“The Company will welcome its day in court where we are confident the truth will prevail and the motives behind those who supported this outcome will be exposed.” The CEO had POA for his father that AMF is alleging he signed his name. without any authority. Fact is he had authority w POA. How far is that going to get? Regardless even IF AMF is successful..the absolute worse case is only $550k exposure max fine for PYR and stepping down as director or officer. Easy succession with his son other other trusted person as the CEO still owns well over 40% of all shares. The rest of any fines are for the CEO personally which seems he could easily afford.
Bashers never ever talk about the verticals and technollogy that have serious potential to large industry carbon issues.
I am a shareholder true long and fully believe PYR and HPQ will be something great. and rarely post but yet this fudsters post 24/7 nonstop and call anyone who posts positive about Pyrogenesis a paid promoter - how convenient.