PyroGenesis Inc T.PYR

DROSITE INT. and PYROGENESIS

[Duke101]

PYR owns the Drosite technology and could not sell directly in a middle eastern country because of Canadian sanctions .
PYR sold the Drosite systems to DROSITE INT. in the U.S.A. to avoid the sanctions . DROSITE INTERNATIONAL is a private company owned by the son of PYR  CEO Peter.  People should read the posts on SH and do some Due diligence to  answer their own questions.

[raphaelle2]

Canadian sanctions against the Middle East ??? NO such things! Indeed you should do yr own research!!!

[Duke101]

Raphaelle2 could you explain why PYR did not sell the Drosite systems directly and why they used a middle company to sell the systems.

[Investwellness]

According to an SEC filing (Material Change Report Form 51-102F3), Drosrite International is, on an accounting basis, a subsidiary of Pyrogenesis and not a client, as under applicable accounting standards the Company (Pyrogenesis) is consdidered to effectively control Drosrite International. The sole director, officer and shareholder of Drosrite International is Alex Pascali, an employee of the

[Duke101]

Thanks for the information, but why was this set up as a subsidairy and the systems not  sold directley?