FormerXBC Inc XEBEQ

Where is that guy?

[tamaracktop]

Where is that guy who laughed at me and told me I didn't know what I was talking about when I said Pyrogenesis would have to do a financing? Pyrogenesis has been delayed all morning after announcing a financing at $3.60. That's quite a bit lower than its recent high at $6.43. I'd say their timing is a little off.

[marketwatch9]

TT, what do you think of the potentiel for PYR ?

[tamaracktop]

Honestly don't know enough about it to proffer an opinion. All I know is I looked at their balance sheet a few months ago, and it was clear they would have to do a financing. Im surprised it took them this long to do it. What was management thinking? It traded well above $5 from July 23rd to September 10th! I knew they would have to do a financing back in June. Obviously management was greedy

[MidtownGuy]

If you knew anything, you'd know they did not have to do a financing for cash flow reasons, they did it because it's a requirement for uplisting to the TSX, which they have announced. All firms uplisting have to do a $5MM+ issuance to meet the "$10miilion in the treasury, the majority of which is to be raised through the issuance of securities." Every venture firm does this right

[tamaracktop]

Why didn't they do it at $5.50. Im quite sure that would have been better for the shareholders don't you think?

[MidtownGuy]

He didn't do this at $5.50 because the uplist process wasn't ready and the large contract deals weren't ready to announce yet. The investment bank holds the cards in this round and wants to maximize profits as much as possible. The stock would have drifted lower during the wait for the conctract news, as we have seen happen, and the investment bankers and their clients would have

[tamaracktop]

Maybe its going to the moon. I don't know,and I hope it does for your sake. I just question why management didn't do it sooner, instead of at a 3 month low.

[ZouZS3]

I'm not done here! Some lost lots of money lately and they're just bringing it out on this board and on TT's expertise because they know we're the best board out there:) Why in the world would someone ask TT for his opinion on a stock to then try to convince him he's wrong? This is such a desperate move and TT is always right! PS: if you think TT is out of date you wrong

[ferret_ca]

what a bunch of effin bs

[Magicmike67]

Got out of that over a month ago.... Bought XBC. I personally don't trust the hype and think torch sales will be much less then the 50/plant the CEO has indicated. Also don't think they will get $3M/torch, more likely 1.5M in my opinion. The problem is NOx emmissions are to high with plasma torches and unless they can find a way to reduce that they cannot put 50 torches in a plant. They

[MidtownGuy]

The sp took a big hit at the start of COVID and needed capital as the contract negotiatons for the US NAVY among others were slowed initially. SP dropped to $0.20 in March (it's now hovering around $4 for weeks awaiting news, after rising to $6). The CEO did the loan for support, took shares in return, as he is utterly invested. The shares were likely to continue to allow him over 50

[Magicmike67]

So the CEO "gifted" himself 3.25M shares @$0.28 rather then go to a bank for a $903k loan against secured assets? Maybe against the over $25M in backlog they had at the time? TIME LINE: March 18 loan announced but no details on who provided loan. (turns out its the CEO) March 24 recieved $1.44M Drosrite payment April 1 received $550k exclusive tunneling payment April 16 received $1.4M

[MidtownGuy]

It's okay to be disgruntled. I'm not, and am still in for the long ride. To each their own. I had no problems with the loan.

[Resilience19]

I've personally read more than I care about PYR for today. I'd propose those interested continue the discussion on the PYR thread so we can revert to XBC exchanges unhampered. Pleasant weekend to all.

[Arbourmark]

Agreed Resilience!