PyroGenesis Inc T.PYR

So what happens if..

[tamaracktop]

What if the eleven something million in payables greater than 90 days in arrears is made up largely of debt that Drosrite owes Pyrogenesis.

Then you have an opaque private company owned by Peter's son making up possibly a huge percentage of the $11.6 or so million in receivables, which are in turn by far pyrogenesis's largest currently asset.

Total current assets are $19.5 million. 

A complete default by Drosrite would doom PyroGenesis. 

Their working capital shown on the books would get slaughtered. 

Shaky shaky ground.

[StairwayTo]

I wonder if Drosrite Int’l has been audited by the IRS. Are they showing $10M in their payables, owed to Pyrogenesis Canada? Who knows, maybe they got paid by this Saudi multibillion$ company, while PYR is W/O Drosrite debt.

[paul03]

It clearly says in the Q2 report that they are in talks with Radian about the amount owing. I went through this before with actual quotes from the release. If Radian had paid that amount to Drosrite and Drosrite is not flowing it through to Pyr chances are they wouldn't of named Radian in an ofificial release. There's stupid and then there's stupid. Radian is a much bigger fish then