PyroGenesis Inc T.PYR

Imagine Burning $50,000 Of Cash Each Day!

[MrForthright]

Every day the office door opens, it's $50,000 out the window. It blows my mind that the board of directors does not take action to reduce the cash burn. I have said it before, PYR likely has great technologies. What it needs to do IMO is to license it to some big boys, get a big upfront cash payment and then rake in the royalties. Simple.

[developbc]

In the history of PyroGenesis...they have never had issue dealing with their cash flow.     Now why would they cease parts of their operations when they are commercializing they tech and engineering...they have been expanding!!!!   The CEO obviously knows more than you constant FUD basher.   FUDsters hard at work posting misleading posts.  Over and over Melon

[MrForthright]

You're missing my point. My point is that it seems, as indicated by the recent debt deal, that people are not actually lining at the door up to invest in PYR. The saving grace for the rest of the year might be the unexplained rise in HPQ.

[developbc]

No you are missing the point.  IF you are a financial expert like you claim you should know or ought to know small and micro caps are all having challenging times raising funds especially in an higher interest rate environment.  They still successfully raised $3M which the CEO did $2M..now why would he do that based on your false claims that Pyrogenesis sky is falling. He's bullish

[MrForthright]

Based on the last quarterly results, $3 million should last 60 days. Comforting, isn't it?

[tamaracktop]

Agreed, and you doubtless meant 60 days from the closing date, which was July 21st.  During Q1 the company closed a $5 million placement and received a $2 million payment from Drosrite, and ended the quarter with a $3.2 million deficit. So far this quarter they've closed a $3 million financing and brought in an $800,000 deposit for an order. This company is running on fumes.  I

[Sidewindergo]

I dont think anyone is missing your point, but I think your grandiose statements are premature. If Pyro hits 01Jan2025 and the finances look the same then you'll have been correct. It's too early to say folks aren't lining up, as a steady backlog of $30 mil at least partially indicates.  Drosrite and PAWDS/SPARC are great technologies but not able to support massive growth

[MrForthright]

1- The financial statements clearly indicate the backlog is not $30 million. 2 - Based on Q2-2023 cash burn, in order to survive until 01 jan 2025, PYR will need to generate $26,565,372. I think they need to lower that cash burn. 3- I am not saying this company does not have a way forward. What I am saying is that the status quo is, how should I say, risky.