RE:RE:RE:RE:PyroGenesis collects $2.8M under Saudi aluminum contractMy guess is, they now have the money to ship the remaining 4 systems,workout the logistic of it,get that going.Once on route at sea, getting another payment or a final one.
In any case it's moving along.
TOCKY8008
dalesio_98 wrote: PyroGenesis has manufactured the remaining four systems
and is awaiting instructions for delivery. That basically indicates full payment has been issued/received or secured, which is not the case!
We all know the remaining four Drosrite systems have been manufactured and held in storage.
Good luck to All!
Mostlyserious wrote: Dalesio, this was mentioned in the June 26 NR and I believe has been part of its quarterly updates for a long time in terms of the number of systems delivered and manufactured:
"Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped."
Looking back at June 26th reminded me that they issued two press releases that day. In the second one, "...is pleased to provide additional information in response to investor questions regarding receipt of the CAD$4.1 million payment announced earlier today" They prep a comprehensive news release and hours later they have another one. Interesting. I keep waiting for 3P to address troglodytes in his news releases. He is getting close by including comments on his critics, I assume from social media. Good on him to be one of probably very few that makes such comments while countless companies are constantly criticized for their lack of performance.