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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 > WHY would he sell shares at this price?
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Post by fdfd12 on Apr 11, 2022 11:22am

WHY would he sell shares at this price?

I thought PYR was coming out with big contracts. Why sell at $2.60?

It is obvious that a big deal isn't going to be announced tomorrow or else
he would not be selling today.
Comment by snizelthewizel1 on Apr 11, 2022 11:24am
He makes money either way so why would he care Bagholders hold the bag Pretty simple FUD is real bagholders keep your eyes and ears open
Comment by snizelthewizel1 on Apr 11, 2022 12:02pm
Thinksmall should be checked on he is having a panic attack does anyone know this clown ?? Better do a health and wellness check   Catch ya on the way down 
Comment by haratekid on Apr 11, 2022 2:08pm
Could it be that this year is even worse than 2021, which was an abdolute disaster compared to all those expectations that were piled on this "company".
Comment by haratekid on Apr 11, 2022 4:21pm
Another thing I don't understand: why does Pyro buy back shares for higher price than Peter is selling? So Pyrogenesis as a company (which is mostly owned by Peter) believes that stock price is too low. So why does Peter sell it for even lower price? Isn't he losing a lot of money, if these stocks are worth more than Pyro paid for them? As a company CEO, shouldn't Peter's vision be ...more  
Comment by bcsc on Apr 11, 2022 4:28pm
He has options and warrants that allow him to buy replacement shares at significantly less.
Comment by haratekid on Apr 11, 2022 4:39pm
But he is still selling undervalued stocks at a low price. Just because he has options and warrants, it doesn't mean he has to sell valuable stocks for dirt cheap. He could sell them later for a bigger profit.
Comment by bcsc on Apr 11, 2022 4:54pm
Selling the shares provides the capital to exercise the options and pay the taxes that are triggered by exercising the options as well as the capital gains tax on the sold shares. (He's in a different tax bracket than you and I) As the price of the stock goes up so do the taxes, his cost to excersize his options is fixed.
Comment by wasitreallyok on Apr 11, 2022 4:55pm
He is still making quite a profit, then gets to buy much lower than the market with options. It is what it is no use asking questions as it will happen no matter what you think. Hard to get value back when Peter is selling a lot of shares a few times per year, and then can't hit a deadline. Price sinks we lose, Peter still gains. 
Comment by bcsc on Apr 11, 2022 4:41pm
Peter is not the company and the company is not Peter.
Comment by haratekid on Apr 11, 2022 4:45pm
So company CEO values stock lower than his company? Is that what you're trying to say?
Comment by Zaphod on Apr 11, 2022 8:09pm
This post has been removed in accordance with Community Policy
Comment by Kpitreal on Apr 11, 2022 4:50pm
If you sell a few hundred thousand shares to exercise millions of options that means you believe in the company. The share price appears very undervalued yes but the conversion process to exercise shares is time limited. Long PYR
Comment by haratekid on Apr 11, 2022 4:57pm
So there is no other way to arrange it than sell stocks under their value? Also those options need to be exercised at the end of the year. Plenty of time left. Why sell now? Surely this has to be higher by then, there has to be contracts, right?
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