Post by
tamaracktop on Jun 22, 2024 11:26pm
Why haven't you asked yourselves this?
Where are the proceeds from the trust's sales going?
We'll never know, obviously.
That particular account doesn't have to disclose anything other than sales.
And we don't have to speculate where the funds have been spent by The 2% Solution Foundation after it disposed of PP's charitable donation.
It hasn't sold ANY.
The PyroGenesis shares are the charity only asset.
They show up on the balance sheet under Long-term Investments.
The management's salaries are the charity biggest expense on the income statement .
The management are all family.
Comment by
tamaracktop on Jun 22, 2024 11:30pm
All of those shares were FULLY tax deductible as a charitable donation Buy shares at one dollar and shout it from the rooftops, and then donate it to my charity and write it off, and cut my breakeven to 60 cents. Then sell it. What a plan!
Comment by
sumpineh on Jun 23, 2024 12:20pm
No matter what people say about the CEO you have to give the guy credit. He has pulled the wool over the eyes of his shareholders while lining his pockets with bonuses and warrants for years..The guy seems to know all the tricks especially avoiding questions regarding his intentions.. It is no wonder that he is nicknamed PPP. (Pied Piper Peter)
Comment by
dalesio_98 on Jun 23, 2024 12:44pm
All without mentioning the allegations of fraud, etc and "The big winner at PyroGenesis, instead, seems to be the Pascali family. At least, for now." At PyroGenesis, a family transaction runs into allegations of fraud https://www.theglobeandmail.com/business/commentary/article-pyrogenesis-quebec-regulator-fraud-allegations/ Good luck to All!