RE:RE:RE:RE:RE:RE:Ching Ching PPPOk, that was about the outstanding balance at the time in the Mellon Trust account, which is now down to about 400,000. The 2% solution is something new to me, but I'm sure it has some sort of tax implication in regards to the Quebec Gov. tax policies. There is a provision in tax policy in Quebec that companies have to invest I believe something like 2% of revenues into employee training. Perhaps this is a way around that tax policy for all companies operating in Quebec, which donates into charities in the province of Quebec.
What I'd like to see is that Mellon Trust account depleted, and stop these programed sells, which are basically causing a cap on the stock price. Until that happens, this SP is certainly range bound.
TOCKY8008 wrote: skier59,
From this NR :
PyroGenesis Canada CEO may sell up to 850,000 shares There this info :
"According to the TSX, Mr. Pascali currently holds 67,892,941 shares of the company. He also holds 5,636,000 shares through 8339856 Canada Inc., 922,457 shares through Fiducie de Credit Mellon Trust and four million shares through The 2% Solution Foundation.
© 2024 Canjex Publishing Ltd. All rights reserved."
Now on this webpage you can/might be able to figure out what is what. I did.
Pascali, Photis Peter By the way, it's a very useful tool for insider trading info.
Have fun.
TOCKY8008
skier59 wrote: So you are implying that once these remaining shares are sold off, Mellon Trust will have millions more shares reloaded to dump into the market? Mellon Trust participated in the last PP this summer for only 200,000 shares.
I am curious, what is this indirect ownership in the Mellon Trust account?
CaptainMo wrote: You obviously haven't been here long enough to see a Mellon reload. Most recent one was around 2022 iirc.
Almost guaranteed at this point with the last PP or two going through Mellon.
Even when the company doesn't make money, Peter always does...