Dear ExpatAce,

I see you have only recently joined us on October 7th, but you seem to have enough information to erroneously conclude that Pyro has seen “…little to no conversion into revenue…” over the past two years.  In fact you conclusion leads you to ask “… In your opinion, what is the problem here and what initiatives has PyroGenesis taken, as a firm, to improve sales and marketing?...”

An uninformed reader would be misguided into thinking that conversion was an issue and that there was a problem…

But if you had so much info to draw such conclusions from then you surely knew the following

Revenues:

2019  $ 4.8MM

2020  $17.8 MM

2021   $31MM

So, what is the conversion issue exactly, and why are you trying to mislead investors?

Oh, and by the way, PyroGenesis did not “…burst on the scene 2 years ago…” as you would have a naïve investor believe.  We have been around for over 20 years proving ourselves with multi-billion-dollar clients…like the USA Navy who we have as a client.

Like a previous poster on this forum, I would suggest that when you don’t understand something about Pyro it probably has more to do with your lack of knowledge then anything nefarious happening… or maybe you are just a predatory short seller trying to confuse investors with misinformation?

Hope that Helps,

Peter