Pyrogenesis Canada Inc T.PYR

I'VE BEEN AWAY FOR AWHILE ...

[Melida]

... and I come back to this board flooded with posters who are trying to show how the AMF hearing and eventual decision will be a knife to the heart of Pyro's business.  Months ago I posted on the effects that the AMF hearing will have on Pyro.  As a brief refresher here are a few important points:

-minimal possible fine for Pyro and it has already been capped
-even if the AMF orders Pascali to step down as CEO, he will still control the board of directors due to his majority share interest.  Note that only the shareholders vote on who becomes a director.  In essence, Pascali, no matter what happens with the AMF, will continue to control the board of directors.  As well, in the last few years the board has been strengthened by solid independent directors,
-Form a practical point of view, Pascali will have the ear of all major officers and executives of Pyro.  Think of it like this:  Many years ago the Baltimore Orioles baseball team was managed (coached) by a bombastic manager by the name of Earl Weaver.  Earl was always getting kicked out of games for yelling at the umpires.  Earl didn't care.  He just lit a cigarette, walked down the stairs from the dugout to the clubhouse and managed the game from there by relaying instructions to his assistant who was standing at the top of the stairs.  Earl couldn't sit in the dugout, but he effectively continued to manage the game.  If Pascali is forced to resign as CEO, he can simply pull an Earl Weaver and because he will continue to be the majority shareholder you can bet everybody will follow his instructions.  

One final and important comment.  You can bet that after a decision has been rendered by the AMF, the share price will go UP.  The uncertainty of the case will no longer exist.  The markets hate uncertainty.  Since the possible sanctions against Pyro have already been capped, I think it's a given that Pyro's share price will go up.  Furthermore, Pyro will have no legal impediments to raising funds by way of an equity offering.  

Stay long and strong!

[BCONTVentures]

Well said Melida, great post and completely agree. This is pulled directly from the findings on the initial proceedings of the AMF trial. Here is the conclusion ruling: FOR THESE REASONS, the Administrative Tribunal for Financial Markets, under Articles 93, 97 al. 1.97 al. 2 (2° and 7°) and 115.6 of the Financial Sector Regulation Act [39] and article 11 of the Administrative

[BCONTVentures]

Worth a repost, Melida has some great posts worth reading.

[Thinkbigsti69]

Yes Indeed a huge blow to the AMF!

[GrahamB]

Thank you    BCONT so much for reposting Melisa’s post , I would’ve missed this one. Let me repost it here as well, just so we can get the full glory of it   Bullboard Posts Next >> (1207)  ••• Post by Melidaon May 12, 2024 2:31pm 161 Views Post# 36035979 I'VE BEEN AWAY FOR AWHILE ... “... and I come back to this board flooded with

[Holdrrrr]

Great post as always, Ty Melida  You are a cut above the noise :D