PyroGenesis Inc T.PYR

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[StairwayTo]

What happened to that Statement of Work news release from 4 months ago, the one that had the potential of $10M if agreed, if financed and if successful.
The SP went up to 75 cents that week. There was a 30 day window for confirmation. Never heard from it again.
Similar to the 110 torches that client A would require, 4 years ago. Never heard from it again.
Same thing going on for years, except the numbers are much smaller, but always with no results.

[paul03]

Client A asked for a cost estimate for 36 torches not 110. Cost estimates don't guarantee contracts.

[Holdrrrr]

Yes that's just it Paul, an estimate.  And I explained earlier today, if these businesses already have legacy equipment doing the job, it has to be considered they don't just want to throw everything out and bring in a load of plasma torches. I feel, as pressure builds on these companies to switch over, and their legacy equipment ages etc..  we will see the BIG contracts coming

[dalesio_98]

Holdrrrr, Will Pyro have the financial resources to wait it out? They are at the mercy of clients / potential clients awarding potential contracts. Good luck to Al! 

[dalesio_98]

Clearly, not.

[StairwayTo]

Which ever A or B, one was 36 torches (worth $216,000,000) the other one 110 torches (worth $660,000,000), these announcements were made weeks/months apart with the” imminent “, and “$65M within 6 months”, back in 2021. The share price went from $1 to $12,  then the CEO decided it was time for “Mellon” to sell or dump some shares

[Holdrrrr]

And that Mellon trust seems flush with cash to keep pyr safe.  Not a bad strategy.  

[paul03]

Well it's not whichever. If you're going to make a comment like that atleast get the numbers and or clients right. 

[StairwayTo]

Yes it is which ever, pick one of the potential announced client that placed an order, (and paid for it)

[Holdrrrr]

Do you understand what "potential" means?  You seem confused 

[StairwayTo]

Not confused, potentials exist everywhere, it’s just potential.

[dalesio_98]

Don't mind Holdrrrr. :) ;)

[sumpineh]

We only have the CEO's word thar that Client A actually asked for the estimate since the Client's name was not given. It's possible that PYR went to "Client A" and asked if they could give them a quote much like any commissioned salesman might do. Client A had nothing to lose. No charge estimate and no commitment. Not sure why if Client A would need to keep their name secret