Pyrogenesis Canada Inc T.PYR

What this means??

[AverageJoe]

So, If I am reading this correctly and reading between the lines.  

PYR issues financing, has investors lined up in no time to the tune of 10 Million waiting to invest including the CEO but the security commission looks into this and decides you guys have cash and lots of business in the pipeline so we are denying this application.  The quesiton then becomes why did they ask for financing in the first place,  possible answer so much growth coming they will need an infusion of cash to grow at an exponential rate.  So rather than argue with the Security commision we will find any need cash elsewhere.  Sound about right?

[Zebec2021]

IT MEANS 

[Stitches]

That is basically what I am reading into this. They will need to expand manufacturing and will now have to look at other options, or perhaps re-word the application to more accurately reflect their requirements. Stitches

[raphaelle2]

Not at all how you interpret it! On the contrary. The AMF refuses this financing for a reason ( not given in detail). And by the way...said that you can survive for another 12 months... Dig into the AMF rules...you will understand. GLTA

[Yajne]

Bingo!! That's exactly how I interpret this as well AverageJoe. Thanks for posting that

[HARJAY]

Question If  your thesis is correct  am wondering what buisiness is it  of the AMF , if a co. wants to raise money or not  I have never heard of this before. Do you think  if a Bell , or Rogers or Tech wanted to do this the AMF would say you have enough money so we are not allowing you to do this..?

[Yajne]

Harjay, keep in mind this anomoly is in Quebec where things are sometimes impossible to explain...

[Thinkbigsti69]

Yes more stringent rules than the american wild west.

[Yajne]

whatever..... The market certainly seems to like today's NR.