Post by
DoDiligents on Jul 23, 2024 9:43pm
Deja Vu?
It seems...
PyroGenesis Canada Inc. has received CAD$4.1 million payment of an outstanding CAD$25+ million Drosrite™ contract on a payment schedule that -- as the President and CEO of PyroGenesis says -- has been revised over time.
Hmmm, revised...
But the terms of the revision(s)?
Some years ago, didn't Pyrogenisis (of P. Peter Pascali fame) have a deal with Phoenix Haute Technology (of Peter P. Pascali fame) that also reportedly got revised and sparked a fraud investigation by the Quebec securities regulator? ...some kind of dealings between father and son and the 2 companies wasn't it?
Oh yeah, back to current business... isn't Drosrite International LLC owned and operated by Alex Pascali, the son of P. Peter Pascali, CEO and President of PyroGenesis? ...another father and son thingy?
And as for the overall situation in play now...
Pyrogenesis has a deal with Drosrite International LLC (one and the same?)...
which has a deal with Radian Oil and Gas Services Company (private concern)...
which has a deal with mining company Ma'aden (Saudi gov't and investors?)...
which is in a joint venture with Alcoa (which is being name dropped a lot in all of this).
But who exactly is paying whom, how much, for what; and how firm, rubbery is this transaction and what is on the down low... who knows?
Comment by
beachbuminMexic on Jul 23, 2024 10:23pm
Hmmm.... joined today to Bash Pyr and you just showed up on Ceo as well today to Bash Pyr. By the way I think you should do a little more Do a little more Diligents on the Drosite deal and the amount that was outstanding...Northernman and Delesio all wrapped up as one...HaHAahahaHa. And what is your agenda? Have a nice day EH!
Comment by
pjecan on Jul 24, 2024 12:10am
Deja Vu is right. Feels like you have been here before under a different guise?