PyroGenesis Inc T.PYR

Remarkably curious transactions. Perhaps without legitimacy.

[tamaracktop]

While some poster here have a cavalier attitude towards financials, and blow them off as being "inconsequential", I don't share that mindset.

On December 31, 2021, Pyrogenesis owned 26,752,600 shares of HPQ, worth $12,306,196 at the time.

On April 20th, 2022, the company acquired an additional 6.8 million units of shares and warrants of HPQ by way of a non-brokered private placement for $0.53 for total consideration of $3,604,000.

As of September 30th, the company owned 22,928,100 shares of HPQ, worth $5,044182, as of this past Friday's close.

These are the company's "strategic investments"

They comprise the better part of the "Cash, cash equivalents and publicly traded shares at September 30, 2022 of $8.3 M" referred to in the Q3 earnings release.

The actual cash component of that number is $2,364,861.

Pyrogenesis sold 7,942,000 shares of HPQ in the first 6 months of this year.

In the ensuing 3 months, the third quarter, Pyrogenesis has sold an additional  2,682,500 shares of HPQ for net proceeds of $750,390.

The company bought 6.8 million units of HPQ for $0.53 in April, and then sold 2.68 million shares of HPQ only months later, during the third quarter, at an average price of $0.02797.

The questions become "What is this "strategy",  and "Who's "strategy" is it?"

Somebody is trading with your money.

Somebody is speculating with it.

It's in the millions.

 

 

 

 

 

 

[Holdrrrr]

Maybe you should stick to dividend blue chips, then you wouldn't have to speculate so much. Contrary to your belief, you, sorrenson, and northernman do not know everything.  Alot goes on behind the scenes, yet you all assume you know everything.

[filoux004]

They dont assume anything, they are simply stating FACTS. Whether it's financial facts or Technology facts glta