PyroGenesis Canada Inc (PYRGF)

[Tom Joad]

Pyrogenesis, markers for under or over valuation.

Look for good management.

Reuters company profile Pyrogenesis people

Governement of Canada company profile Pyrogenesis

Look for patents that provide a natural monopoly for a product that is or will be in growing demand. This is why Arcam has been such a good investment. Haven't looked through the Canadian patent office yet, but I will sometime soon. I'm betting that Pierre Carabin's name will be on a few of them.

Canadian intellectual property office

Some things look very promising with this company so I do have some money in them, but I do have some concerns. There will be growing demand for their product, their technology is promising, members of the board of directors look quite decent, and they have a history of researching and developing specialized plasma devices for customers. Flanker100, that video of McWhirter speaking about Pyrogenesis is reassuring. On the other hand they do not have a history of generating industrial product on a regular basis. The latter is their stated goal so I'm asking, can they manage this? So they're in an industrial area in Montreal, Griffintown, but has anyone seen a street view of their address?

Griffintown Montreal

Pyrogenesis on Google Maps

Maybe that's not the building where the titanium and its alloys will be generated, but those aren't the most reassuring photos from the street view. Why no Pyrogenesis sign?

I raise these points due to what I hope is not a similar experience in the past. I once had money in UQM after they recruited a manager from Chrysler and they seemed to be doing some meaningful research that lead to several patents leading to greater efficiency for electric motors for transportation. They had some bragging rights too. I had growing concerns after finding out that the manager was fired from Chrysler although, to be fair, it was a house cleaning. Then I looked at them on the street view and wasn't impressed. Then I asked what really differentiated their motors. Answer, not much, then I sold after a loss. Never went back and after looking at their stock just now, I certainly don't regret it.

Anyway, I did as much digging on Pyrogenesis as I have time to do for now. I believe they're worth investing in but I wish I had more confidence in their success.