PyroGenesis Inc T.PYR

Posted by dork at another forum

[dalesio_98]

@dork This publicly traded company is on track to book less revenue for this entire fiscal year than the value of the CEO's house. That CEO is accused of fraud by the financial regulator and is facing the largest sanctions ever handed out by that regulator. The stock is about to be delisted off the NASDAQ. The company tried to raise 3 million dollars in a debenture financing and even after amending the terms halfway through were still only able to raise 1 million. The company earlier tried a LIFE financing and were rejected by the regulator because even with the financing they would not have enough money to survive a year. Lol there are your achievements. Congratulations! EVERYTHING IS AWESOME

[dalesio_98]

@dork @pennytodollar what is the company achieving? There's a lot you HOPE they are achieving, but what are they REALLY achieving? Some trials of 4 torches that may or may not lead to sales when the CEO was hyping a market needing thousands of torches 3 years ago? Declining revenues and negative working capital? Over $100M in accumulated losses? These are achievements? What credit are they due

[filoux004]

Seriously, do you think any major mining or steel player is going to grant a major contract to a company that is a financial precarious situation and whose top managemt just got hit with a major accusations 14M!!! and a potential 5 year ban from acting in any capacity to a publicly traded co. My hunch is next week we may see some from the present BOD. And to think just over a month they renamed

[Thinkbigsti69]

Posted by a Dork. LOL

[dalesio_98]

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