PyroGenesis Inc T.PYR

PyroGenesis Announces the Implementation of a NCIB

[Betteryear2]

MONTREAL, Oct. 04, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce today that it has received acceptance from the Toronto Stock Exchange (“TSX”) of its Notice of Intention to implement a Normal Course Issuer Bid (“NCIB”).

PyroGenesis Announces the Implementation of a NCIB (globenewswire.com)

[sorrenson]

Go look up the historys of PYR NCIBs   " Under the previous NCIB, which had started on February 15, 2022, and ended on February 14, 2023, up to 7,500,000 common shares were approved for purchase. No purchases were made under the previous NCIB"

[paul03]

History says they have bought back shares before and other times haven't. It's open in case they can do it. 

[HARJAY]

Between the time frames for news that  we know is way overdue ,  this new buy back just  announced out of the blue  , the 450K options just recently granted to Peter at $0.53,   the well known need for some type of revenue needing to come in you should never discount what may or may not be in the works.

[Mostlyserious]

LOL!  Got that right, bunch of news way overdue! For some, years and counting.  So delayed that the market is leaning much more towards the "if" than "when". 

[Mostlyserious]

In fairness, that is correct.  February 11, 2022 NR on the similar announcement: "Of note, this NCIB is further to a previous NCIB that the Company had implemented. Under the previous NCIB, which started on January 14, 2021 and ended on January 13, 2022, 5,000,000 common shares were approved for purchase, of which 840,094 common shares were purchased. The weighted average price paid

[paul03]

I believe in 2020 they bought back roughly 1.3 million shares at an average of 0.75$ as well. Googled it this morning and found it as one of the results. But ya they've shown to use it or not use it in the past. 

[sorrenson]

I am not sure if this is all of them but thru all the buybacks of shares announced the share count keeps going up Dec 14 2016   Pursuant to the NCIB, PyroGenesis proposes to purchase, from time to time over a period of 12 months, up to 5,000,000 (approx. 5%) of its common shares issued and outstanding (the "Shares"). As of date hereof, there are 101,858,434 Shares  

[paul03]

I am aware of that. Not arguing with you. I just pointed out that they have used the NCIB in the past and other times they have not.