Post by
tamaracktop on Dec 08, 2022 1:38pm
Is it possible? ... Don't know, but maybe???
Correct me if I'm wrong, but I believe the recent very small non-brokered private placement was prospectus exempt.
So why hasn't Pyrogenesis done an offering when they're obviously running on fumes?
The fact that they just did an issue for a little more than $1 million alone provides good evidence of that.
Is it maybe because they'd have a hard time writing a prospectus?
A prospectus that would show in detail an accurate picture of the current state of the company, warts and all?
I have absolutely zero evidence to suggest this is the case, but solely as a matter of speculation, it's not outside the realm of possibility.
I can't imagine that this company can keep burning cash at the rate they have for much longer without a significant infusion.
It's not possible.
They'll have to address it sooner than later.
Comment by
sorrenson on Dec 08, 2022 1:41pm
Gee they cant need money, they "sold" ip for 3.6 million on terms and told the drosrite customers to pay the 15 million or so whenever they feel like it...They clearly cant be short of funds.....