Pyrogenesis Canada Inc T.PYR

From the CEO site - FYI

[HARJAY]

Interesting commentary that might provide perspective on past events and why they unfolded the way they did,

@JetsFanYEG @stonks_r_us awesome! Peter mentioned they delayed receiving the payables for a Drossrite contract for the purpose of greater opportunity in the future. After reading this deal with Maaden and Alcoa it makes sense what he was talking about, before it was a joint venture which can be limiting in how capital expenditure is allocated, after this deal there should be better autonomy to make deals. I like that they also mentioned a JV with Vale which we are all familiar with as well, this should all be good for PYR imo

 

 

about 2 hours ago

 

@JetsFanYEG Maaden probably approached PYR and said listen we have a deal to buy out the JV with Alcoa that will allow us to wholly control our aluminum business and we foresee a future with many more Drossrite systems but until the deal is completed can you hold off on shipping the systems and allow the invoices to go past due because getting Alcoa to approve additional expenditure in the middle of this massive deal is not easy. If you work with us now on this issue the future for both of our companies can be much brighter! All speculation of course but makes sense to me

 

[BCONTVentures]

And a great post from @pennytodollar: @pennytodollar Very interesting - I've always been of the mind that PYR just hit a ridiculous series of delays with clients due to completely external factors like 1) Merges and Acquisitions behind the scenes 2) Absolute mechanical failure of a test furnace that was used for a test furnace because it was at end of life and prone to failures 3) Weird

[Mostlyserious]

Yes, and in so many instances PYR failed to properly orient expectations. Measure twice, cut once. But when you are inside the fence and know things better than anyone else, maybe measuring is not needed. At this point who cares why things have not met expectations.  Just tell us when solid contracts are signed.  That'll save a lot of their time writing and reviewing news releases