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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Incredibly hard to get delisted, not gonna happen.
View:
Post by MidtownGuy on Dec 14, 2021 11:11am

Incredibly hard to get delisted, not gonna happen.

It's actually very hard to get delisted. It essentially requires a year under $1.

The rules are: The share price first has to fall below $1 ($1... not $2, not $4, but $1) for 30 consecutive days.

If that happens, the company receives a warning.

Then, the company has 180 calendar days (6 months) to get their stock back up to a closing price of $1 or more for 10 consecutive trading days during this period.

Companies may then be eligible for a SECOND 180 calendar-day period to regain compliance if they meet certain requirements, which could result in a total compliance period of up to 360 calendar days.

Source: https://finance.zacks.com/nasdaq-delisting-rules-7450.html
Comment by Dividends on Dec 14, 2021 11:13am
Should be OK a bit longer but pyro staff gonna have to work harder. I suspect there will be salary cuts given that shareholders got hit hard this year.  I can supply black ink pens for signing if that's what's missing due to covid supply chain issues. 
Comment by poyolo on Dec 14, 2021 11:15am
He is just a basher. Not interested at all about delisting, because, as you explained, it is difficult and takes time. He knows that. He just wants to scaremonger people.
Comment by Dividends on Dec 14, 2021 11:16am
No was a legit question, I thought it was $2 based on bombardier 
Comment by ScienceFirst on Dec 14, 2021 11:57am
Thanks Midtownguy for your post and source provided. It just shows that shorts are playing FUD and don't even know what they're talking about.  They will get burn soon, or will have to cover.  The stock price will recover on news, end of tax loss season, attractive risk/reward ratio, etc  ... Let the shorts hang themselves.  After all, they borrowed those shares ...more  
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