Post by
FanDuCh on Sep 27, 2023 12:17am
The real question is longterm
Yes, they're a lot of different reasons why we are living the actual situation with Pyrogenesis. The force of the market are really strong and can be exponentially very positive or negative. For a lot of long, we had the feeling that we where just a few win away for a long Stanley Cup playoffs run. The reality is that an artificial bubble was created by differents circumstances. People are disappointed and it's comprehensible with the SP down so much. If we put aside the actual share drop and the AMF going after PPP, will the company survive the storm? Pyrogenesis doesn't need much money while waiting for receivables to cash in and other contracts to be signed. Pyrogenesis is going through some hard time but after 30 years, this company is not dying, it is just transforming and growing in an unstable market and post covid economy. The actual situation is a perfect gift for market Vautour that can bring a good company stock to the ground to accumulate for the future. While is a hard growing pain in the present, but a great investment for the future of patience is one of your virtue. Will Pyrogenesis survive the financial storm? Fan
Comment by
MrForthright on Sep 27, 2023 12:39am
This company has a very high cash burn ($50,000 a day based on Q2 financials) and has negative working capital. The market knows it and the crashing stick price demonstrates it.