RE:RE:Status Quo?Trader155 wrote: GrahamB wrote: just checking in.
When I left this, it had deteriorating fundamentals, ongoing losses, revenue yet no profitability ever, allegations of fraud by regulators, and growing accounts receivable, and a cabal of pumpers that chant a sad narrative and cheer each other on to keep the house of cards from ramming down.
Any changes?
Yes alot of changes. A 27 million dollar contract a week ago to design and build the world's largest plasma torch for a hyperspace company, that has ties to the USA military. Cool eh?
Yeah cool
Cool that there is a history of announcements , yet failure to ever reach profitability, and the company's acknowledge ment in the financials that sprojects are expected to make profitabity
So as I see it...
The other part of this is what I posted earlier, which is that many of these projects are not expected to be profitable so even if the revenue is 100 or 200 million which it clearly is not, if you’re spending that amount or more you’re still not profitable.
Or As the Globe and Mail article says succinctly:
“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.”
https://www.theglobeandmail.com/business/commentary/article-pyrogenesis-quebec-regulator-fraud-allegations/?cmpid=rss