PyroGenesis Inc T.PYR

FROM THE HORSE'S MOUTH...

[raphaelle2]

Directly from this morning, AMF statements about PYR:


The AMF issued an order on Thursday suspending the private placement of units worth several million dollars announced by PyroGense on February 14, for a period of 15 days.
The AMF maintains that PyroGense does not meet all the requirements necessary to complete the financing, namely to have the funds necessary to achieve its business objectives and meet its liquidity needs for a period of 12 months.
PyroGense's financial statements raise "reasonable doubts" at the AMF regarding the solidity of the company's financial foundations.
The regulator points to “numerous weaknesses” in internal control over financial reporting.
"Some of these weaknesses are reflected in the financial information obtained, in particular by the significant variations in the items presented in the different versions of the summary of forecast cash flows",
can be read in the decision sent to the company at the end of the Wednesday by the AMF.

AMF staff noted, for example, that cash flow from operating activities is negative
"significantly, which demonstrates short-term cash flow problems",
and that the provision for expected credit losses recognized in the interim financial statements is
"understated".


Tks to Google translation from La Presse article :

https://www.lapresse.ca/affaires/entreprises/2023-02-23/l-amf-force-pyrogenese-a-interrompre-une-operation-de-financement.php

QUESTION:

Would you buy " disruptive" technologies"  like  Ti powder for your flagship plane, from a company under investigation by the AMF, since 2019, according to La Presse ?

Do your DD. Talk to independant technical and financial experts.
GLTA

[paul03]

So they've been under investigation for what 4-5 years? How come it's taking this long to get something done? They're trying hard to find something that will stick in court or what? Just curious. Seems like a lengthy investigation, by now they should have a good idea if guilty of something or not.

[paul03]

Also to add to that, Tesla and Musk have been investigated many times before for various reasons and Tesla is still doing business and Musk is still doing his thing.  If one really wants to spend the money and time you'll be able to find a weakness to attack on every company that exists. A perfect company simply does not exists. We have many people around that work overtime trying to

[Thinkbigsti69]

Very good point paul03. The bashers would not be out in force if PYR was worthless, they would just ignore it. Point proven! It just shows how important PYR is and threatens several industries with it's game changing tech.

[raphaelle2]

Never argue with idiots. They drag you down to their level, and then beat you with experience!  lol GLTA.

[paul03]

You got that right. I'm an idiot and I'm not afraid to admit it. Atleast I'm real. A lot of fakes on these boards if you know what I mean? 

[raphaelle2]

Never argue with idiots. They drag you down to their level, and then beat you with experience!@ lol GLTA.

[Gordinno]

Looks like they do not have sufficient funds and have been fixing the numbers

[Computerblue]

Bottom line this directly contradicts comments yesterday that speculated the PR indicated the issue was PYR had too much cash flow vs not enough to qualify for the financing. Okay, still, why did the stock jump? Spoke to a couple people in the financial industry who also hold the stock and their take was the company looks insolvent. Naturally I do not want this to be the case but these comments

[Thinkbigsti69]

New poster bashing? Really? You think us longs do not know what you are up to? If PYR was such a bad investment it would not be attacked so virulently on several boards. It would be ignored.

[Computerblue]

I am asking a legitimate question as a concerned investor. Do you consider pointing out the following as bashing? I am long PYR and HPQ if this board has any credibility this should be discussed honestly.  "Specifically, the authority determined that PyroGenesis does not have sufficient funds to meet its business objectives and liquidity requirements over the next 12 months."

[Thinkbigsti69]

Soft bashing is what you are doing. Stop thinking we are fools here. 

[paul03]

Just wait until he gets his emoji game going lol 

[Thinkbigsti69]

@M139 @Lucw309 ... I agree, but the crapola these fudsters are spewing has nothing to do with an informed opinion or point of view. It is all bashing and soft bashing mean't to cast doubt on the company's credibility. I for one prefer to block and ignore their gibberish. The fact that you choose to consider it, is of course where we disagree, but that is OK, since u r the one that has

[tamaracktop]

Hahahaha ! "I agree, but the crapola these fudsters are spewing has nothing to do with an informed opinion or point of view." That's really really rich coming from you! You've never once posted anything that even gives the slightest hint that you're informed about anything at all ! If you have, I must have missed it,which wouldn't defy the odds. Feel free to quote

[paul03]

That's fair enough. Those people in the financial industry holding this stock, have they sold having an opinion like that? Or do they plan to keep holding? 

[Computerblue]

They (and I) don't hold a large position and understood at the onset that it was a high risk play. Will ride it out even if it goes to zero as it won't really effect  overall portfolio too much. Still, I have high hopes for this company and don't like what I am seeing right now. Sure the stock jumped but at this SP, honestly that could be manipulation to keep things from heading

[raphaelle2]

Yesterday's PYR PR was ambiguous at best.  Now that the AMF is getting closer the next Q4 report, hopefully will have to be more transparent.  GLTA

[filoux004]

It's called an audited report . Glta and dd