PyroGenesis Inc T.PYR

Remember this from the Q1 report?

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 Contingent liabilities
 

"The Company is currently a party to various legal proceedings.
If management believes that a loss arising from these proceedings is probable and can reasonably be estimated, that amount of the loss is recorded.
As additional information becomes available, any potential liability related to these proceedings is assessed and the estimates are revised, if necessary.
Based on currently available information, management believes that the ultimate outcome of these proceedings, individually and in aggregate, will not have a material adverse effect on the Company’s financial position or overall trends in results of operations."

Various?

I remember everything.

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Contingent liabilities   "The Company is currently a party to various legal proceedings. If management believes that a loss arising from these proceedings is probable and can reasonably be estimated, that amount of the loss is recorded. As additional information becomes available, any potential liability related to these proceedings is assessed and the estimates are revised, if

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How could you possibly dismiss this? Less than 3 months later... The AMF is seeking administrative penalties totaling $4.20 million against Mr. Pascali, and a disgorgement order of $9.57 million to the AMF also from Mr. Pascali. The AMF is also seeking administrative penalties totaling $550,000 against the Company. Separately, the AMF is also seeking orders prohibiting Mr. Pascali and Mr