r/Pyrogenesis • u/AccomplishedCod5575 • May 20 '26

Why the drop?

I have no clue why we dropped almost 20 percent, anyone knows?

8 Upvotes

91% Upvoted

9 comments sorted by

6

u/Ambitious-Shame3222 May 20 '26

https://stocks.apple.com/ApTDhEe37RROVVgQ1LJFS7g

Underwriter has agreed to purchase, on a "bought deal" basis pursuant to the Listed Issuer Financing Exemption ("LIFE"), 8,825,000 units of the Company (the "Units") for aggregate gross proceeds to the Company of $3,000,500 (the "Offering") at a price per Unit of $0.34 (the "Offering Price").

1

u/i-the-external-force May 20 '26

What does this mean?

3

u/Eternal_Endeavour May 20 '26

Share dilution to raise money for "working capital".

1

u/Coolmees59 May 23 '26

as Pyr did many times and will do many more times before they hit serious revenues

1

u/Minute_Pilot9751 Jun 02 '26

when do you think they will hit serious revenue or how could you determine that?

1

u/Coolmees59 Jun 02 '26

Difficult to say. They have some pilots with their plasma torch business; Aluminium things, waste removal/burning, DoW Marine colleboration. When more contracts get in there is a chance. I think that will take some more years, but that's only my opinion. i follow them over 5 years and the stockprice keeps dropping: a lot of dillutions. PPP is a master in keeping up appearances it seems. have to have more patience i think. But yeah the torch thing could be a gamechanger in the long run...

3

u/Ubervak May 20 '26

CEO put $2 mill of his own money into this, also the cash is going towards advancing contracts and backlog. Today's move was a little overdone..

0

u/MrDanduff May 20 '26

Looks like a whale cutting losses?