Pyrogenesis Canada Inc T.PYR

How about this

[AcesFatsoTossn]

For Rummager who asked me to look into it.

14.5$m of their receivables are over 90 days. They lose a lot of money, and if you strip those bad receivables out of the working capital then they are broke. 70% of their receivables are generated from 1 client. Also, the building listed as their principal place of business has a big for rent sign on it, it also houses a Judo club and kickboxing club. The grafitti on all 4 wals isnt very well done. The ceo rents space to the company.

So expect a financing any day.

Theres your content for the day thanks to your friend Rummy.


8s:)

[sorrenson]

they are not over 90 days  They are WAY OVER 90 days ..7 million is over 270 and 7 is over a year..    4 drosrites on on the docks not being taken , one is in the US not commissioned and likely not paid .. 

[Casavantsghost]

Are we talking about a Pyro building with a for rent sign? Another note on the receivables sonny can't collect from the Arabs: We could probably quantify the interest they are losing by not having that cash in the till as well. When and IF it does come in, it's out the door stat so that interest will have never been realized. What an f'n joke of a chit show.  The company

[Breizh1]

How long ago did you go in front of the building where PYRO has its HO? For your information, there is hardly a building in Montreal that does not have a For  Rent sign. Unless you are just returning from a 3 year vacation, this is reality. All buildings have a FOR RENT sign because the best have at leat a 25% vacancy rate. BUT there is no FOR RENT nor FOR SALE sign in front of the production

[BCONTVentures]

Also note that where PyroGenesis' headquarters are in Montreal, in the suburb of Griffintown, is one of the fastest growing suburbs of Montreal.  I have visited Griffintown a number of times over the years and it is neat to see the growth/development.  PYR's offices are in an ideal location. And like Breizh1 points out, there is no "For Rent" or "For Sale"

[sorrenson]

Oh gee ..lets forget the stock is down the toilet, there is no contracts, over half of the revenue is a unknown IP sale tto unknown parties on unknown date and is as credible as a unicorn farm  but but biut the ofiice are in a area that was a shuthole but is now improving..but since the comapny rents you should be excited to know that the CEO is making more cake along with millions in

[CliffBoothes]

Its a dump. Cliff

[yureja22]

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