PyroGenesis Inc T.PYR

What's going on here? Does anybody know?

[tamaracktop]

From management's comments on Q4 2023:

Payments for Outstanding Major Receivables:

"The Company has remained in continuous discussions with Radian Oil and Gas Services Company regarding the outstanding receivable of approximately US$8.0 million under the Company’s existing $25 million+ Drosrite™ contract.......

These discussions have been positive,......

The Company now expects payment of this receivable to be received in full within Q2 2024."



From management's comments on Q1:
 

"These discussions have been positive, both in regard to the ongoing payment plan, and in regard to a potential new order of additional Drosrite™ systems....

As noted in the 2023 year-end Outlook, the Company now expects payment of the balance of this receivable to commence in Q2 2024."


What?? "As noted in the 2023 year-end Outlook" ??

That wasn't noted in the year-end outook at all!

In the year-end outlook, management said the balance would be paid in full during the second quarter.

Now management expects payments to begin in Q2.

It's May 20th.

Still nothing.

This receivable has been outstanding for three years.

Management must think you're all stupid.

[kjs4381]

They are giving clues in this nr. Unfortunately a lot of people are not connecting the dots. I wonder what could possibly be so beneficial to pyrogenesis,  that Peter would be willing to postpone the payment of 10 million dollars.  Why would a company be silent about one of their lines of business for a couple years or more?  Sometimes you have to actually read news releases from

[wasitreallyok]

Could it involve coffee and donuts inside the fence.

[tamaracktop]

"a couple years or more"? June 7th, 2021

[tamaracktop]

"They are giving clues in this nr. Unfortunately a lot of people are not connecting the dots." ?? What dots exactly? "I wonder what could possibly be so beneficial to pyrogenesis, that Peter would be willing to postpone the payment of 10 million dollars." Why wonder?  The answer is nothing.

[HARJAY]

Lack of imagination , and doesn't comprehend the bigger picture . Think of the possibilties in that industry and if you can't , it explains your post.

[tamaracktop]

? It wouldn't make a difference if the possibilities in the industry were limitless, what is it you people don't understand about the fact that this company has no money. They just borrowed a million from Pascali, at very favorable rates for him.

[HARJAY]

I believe  the saying that describes your reply is  " you can take a Camel to water, but you can't make him drink." !!!

[tamaracktop]

Not too sure what that's supposed to mean Harjay.  Why did the company borrow a million in a short-term loan at 10%? Because no bank would lend them a million for less. Have a look at short-term corporates in Canada today. 0-5 year corporate bonds in Canada today range from 3.3% to 5.07%. 10% is worse than junk status.