PyroGenesis Inc T.PYR

Reality setting in????

[Duke101]

PYR is potentially a great investment but why are we giving Quotes with no expiry date ,why are we accepting LOI with no end date? The reality is a quote expires after 30 days and a LOI is wishfull thinking.When a company asks for bids a resonable date of when that bid is awarded is usually included, but I don't see any information on these and that concerns me.JMO

[canyousayiii]

I would not expect PYR to be in the driver's seat to put a firm deadline infront of the client to accept a quote or PYR walks away. And I am not sure I saw it somewhere that there was a 30-day quote expiration timeline. What concerns me more is not just one particular thing but the fact that so many things consistently slip in terms of timelines. Perhaps 3P needs to start building in a lot

[Duke101]

I sold machinery for several companies and all quotes were valid for 30 days to protect the company from unforeseen circumstances such as inflation or increased costs from third party suppliers.Potential customers could ask for an update on expired quotes or would we honour the existing quote when they are ready to buy. 

[Breizh1]

You have a good point Duke. Normally the 30 day clause is written on the quote. However, if you are the manufacturer as PYR is, you can make the price clause 3 months without a problem. And remember that it takes PYR at least another 3 months to manufacture and deliver. So, the 30 day clause is mute.