Arcam AB fka AMAVF

[Tom Joad]

Pyrogenesis has about 102 million shares outstanding. After a million in revenue, how much goes out to salary, maintenance, research, and taxes? Here are some numbers for perspective. Interestingly, 20,000 CAD went to research last quarter. 50% more was spent on amortization and depreciation costs, 30,000 CAD last quarter. Administrative costs last quarter were 970,000 CAD, nearly a million. Administrative costs have been around a million per quarter in the last year. Over the last year 140,000 CAD went to research. That's a very little, maybe enough to pay for a lone wolf scientist and some equipment. Losses per quarter in the last year have been over a million CAD.

Pierre Carabin has a masters degree in chemical engineering and is the director of engineering. Maybe he's the wolf. He's paid 155,324 CAD per year. Personally I would like to see a team of scientists.

So, I'll definitely not claim this is the next Arcam. They have what looks to be a proven technology but there seems to be a problem with management when they don't push research or market their product more aggressively.

Pyrogenesis financials

Pyrogenesis president, etc.