DI Contract, Initial $6.4 Mil. Deposit?

A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

Reply New Message

Prev Message Back To Forum Threaded View Next Message

zzthnx

Rank: President [?]

Points: 1848 [?]

Votes: 82 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

DI Contract, Initial $6.4 Mil. Deposit?

posted on Dec 21, 2019 10:09PM

Hi Peter,

According to the news release of Oct. 9, Pyrogenesis expected to receive the initial deposit of $6.4 million within 2-4 weeks. It's now been approximately 10 weeks and no funds have been received. With the Letter of Credit agreement now being formulated, my biggest question/concern in all of this is will PYR receive the $6.4 Mil. deposit initially, or will they need to supply product prior to receiving any money from this deal? With the way the SP has tumbled recently, the last thing I would want to see would be a private placement for the purpose of supplying product before any money is received.

Thanks and best regards,

John

2 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply