HPQ Silicon Inc V.HPQ

Pyrogenesis your nemesis

[tamaracktop]

Pyrogenesis is very very short of cash.

Their short-term liabilities exceed short-term assets.

Next week they'll report a working capital deficit close to negative $10 million.

I believe as of the last report the company announced it still had around 18 million shares of HPQ .

They specifically mentioned it in their discussion of the company's liquidity. 

They refer to it as their "strategic investment".

That was very likely Pyrogenesis who took out 260,000 at $.19.

It came from "Anonymous".

Pyrogenesis us in trouble. 

By extension, so is this.

[lscfa]

A fumed silica deal with a strategic investor will provide financing that HPQ can use to make $3.2M payment (due June 30) to Pyrogenesis 

[Mostlyserious]

Will or could? Within 3 months.

[lscfa]

28 million shares of HPQ traded over the last 3 months. How much of this is PYR offloading it's 17.4 million shares?

[tamaracktop]

The fact is that in the Q3 report pyrogenesis reported current assets of $19,652,937 and current liabilities of $26,086,512.  

[lscfa]

Sept 30 is ancient history. PYR has done financing since then and receive down payments.   https://www.stockwatch.com/News/Item/Z-C!PYR-3481929/C/PYR https://www.stockwatch.com/News/Item/Z-C!PYR-3502583/C/PYR https://www.stockwatch.com/News/Item/Z-C!PYR-3495675/C/PYR

[tamaracktop]

Yes, the "financing" and the payments you point out total $2.4 million. Pyrogenesis lost $6 million in the 3rd quarter. 

[lscfa]

PYR fins on sedar. Owns 11.4M shares of HPQ at Dec 31, down from 17.4M at sept 30

[dalesio_98]

TheoJones post at Agoracom: "Rough financials Not good. At first glance:   Client B site acceptance test not even done yet, let alone actual trials.   16,265,500 HPQ common shares were disposed for cash amounts totalling $3,938,452 resulting in a realized loss of $1,590,114.     Just $2.55M remaining of "strategic investments" to sell as of Dec