PyroGenesis Inc T.PYR

Pyrogenesis buys more shares 2 days in a row..VERY BULLISH!!

[developbc]

Maximum allowed as per NCIB

 

2021-04-15 10:12 2021-04-14 $PYR PyroGenesis Canada Inc. 1 - Issuer Direct Ownership Common Shares 38 - Redemption, retraction, cancellation, repurchase $600,729 +83,342 vol $7.21 each 166,684

[HARJAY]

Filed 2021-04-15 13:12   Tx date 2021-04-14 $PYR PYROGENESIS CANADA INC. PyroGenesis Canada Inc. 1 - Issuer Direct Ownership Common Shares 38 - Redemption, retraction, cancellation, repurchase $600,729 +83,342 vol $7.21 each 166,684   Filed

[FlatBeachLife]

Bruh....it ain't bullish if they are buying and the stock is still going lower. This shake out has plenty more to go. See a 4 handle and start to buy.

[Aarman4]

Oh, you must be referring to share price alone and short term gains... Yeah, enjoy that! What the original poster is talking about is the bullish sentiment for the company. I will inform you what this means, because it seems to have missed you, but that's okay, we could all use a refresher occasionally ;) Share buy backs do 2 things. The first most important thing they do, is make every

[FlatBeachLife]

Growth companies should not be using their money to buy back stock.....the reason they can have a high multiple is becasue they are plowing all their cash back into the company. 

[Aarman4]

If you believe that, then you should opt out and sell, but we both know you are not doing that, we know that your boss is accumulating all of the shares they can to reduce their short position.... We both know intimately that the absolute best time to buy back shares is when they are relatively cheap. We also both know that Pyrogenesis is not McDonald's, and doesn;t need to keep building

[FlatBeachLife]

Growth companies should not be using their money to buy back stock.....the reason they can have a high multiple is becasue they are plowing all their cash back into the company.@

[Berzy]

You are making the point as to why this is such a positive sign. The Board and CEO have the most insight into their cash flows, and this exudes confidence that incoming cash/contracts is sufficient to fund anything in the pipeline or projected for the foreseeable future.

[yf4l8888]

looks like consistent action as well given the volume - 2nd day in a row i received a notification for exceeding the 10 day average

[BCONTVentures]

This is very bullish indeed!  By purchasing and retiring these shares, PyroGenesis reduces the number of shares off the float and makes the company more valuable to existing shareholders. Long and Strong in PyroGenesis!

[developbc]

Pyrogenesis who knows what is what is buying their own shares with cash and retiring/cancelling them 2 days in a row. They know how well things are and will become...that's very bullish on every angle regardless of impatient weak hands investors.

[BCONTVentures]

Also keep in mind PyroGenesis is doubling its production facility (they take possession of their new facility at the beginning of May), have approximately $27 million in the bank, no debt, a backlog of approximately $30 million (which will be converted over the next 12 to 18 months).  Very bullish indeed!  Plus multiple business lines/divisions, all being executed upon! Long and Strong

[FlatBeachLife]

The cash postion is great - and they will need if for the fullfilment of orders - but using the money to buy back shares is not something any growth investor wants to see. And its optically even worse when insders are selling their shares at the same time the company is buying stock. And they sold stock in the 4"s and now are paying 6 and 7? That's not smart either. 

[Casavantsghost]

You missed the leasing option announcement with regards to the torches to credit worthy customers didn’t you? Nahhhhh ya didn’t. You are mission oriented correct? The transparency of you and your cohorts is ffffrrrriggggin laughable. 

[Thinkbigsti69]

Very simple MR. Basher, because they(PYR) know something that we don't. It's worth a hell of a lot more than 6 or 7 $

[FlatBeachLife]

Bruh.... what they AIN'T doin' is siting on material information and buying back stock....while insiders are selling stock. 

[dougkimbrough]

Go back reddit BRUH!!! I'll NEVER take advice from ANYONE saying BRUH this and that!?!?

[Thinkbigsti69]

12 posts all bashing PYR. 12 likes probably from yourself under another name. BTW doing a shytty job bashing

[Aarman4]

Insider selling isn;t a big deal, but you know that..... AND, it's especially not a big deal because with their is HUGE insider ownership, and also net buying going on, as well as share buybacks for cancellation. You've really gotten yourself deep in this one, there are far better bashers on this board than you! Cheers, and best of luck in life to you. Hopefully your boss managed to

[Bajabeacher]

Another thing buying back shares does, it reduces the amount of share the shorters have to play with. In other words Pyr is playing their game by reducing their float of available shares to trade back a forth to control the share price. It is the same for the early call on warrants. Cleans up any share that could be used for shorting in the future.....Short beware somethng bad is coming your way..

[LastZaz]

Flatbeach, only 1 insider has sold shares of any significant amount. Looks like he wants some cash now on the shares he acquired for literally 50 cents on the same day. I don't blame him for making a few hundred grand instantly. It is well known by any seasoned investor that insider selling is not always bad. As I mentioned to others yesterday as an example, LPX which has nearly doubled while

[RealistDontalkm]

one person selling their shares that they got penny is not insiders selling! Lol  

[Aarman4]

I'm with Warren and Charlie on this one.....And Pyrogenesis fits the conditions being mentioned ;) "Charlie and I favor repurchases when two conditions are met: First, a company has ample funds to take care of the operational and liquidity needs of its business; second, its stock is selling at a material discount to the company's intrinsic business value, conservatively calculated

[politicat]

PRior to the Cathie Woods ( Ark fund ) hype the high water mark for PYR was 6 dollars or so. The run from 6 to 12 dollars was all Reddit etc. So buying back stock at $7+ is not a good move.    It could look dumb within weeks if stock keeps dropping.  The olny way it makes sense is if a big contract is annouced soon but given the fact that they can't even do 1 torch install in

[ottov77]

Thank you but you are what I like to call "wrong" I assume since I haven't seen you post here  you came to this stock late (post the Cathie hype as I think you state). As someone who was pretty early  to this stock I'll let you know that the run up on this sweet baby started long before Cathie and exponentially more even before Cathie bought in. While I have no doubt