RE:Wake Up Call.... Peter did not buy an shares "at the market"So what's your point? that was the share price when he made the loan. The point here is he loaned the company his own personal money at a really rough time during Covid - actually I know of a couple private lenders that did the same thing in exchange for warrants in the company. This is not an unusual practice (actually maybe it is unusual, as few CEO's would be this committed). Peter owns over 50% of the shares in this company, has put in years to build it to what it is today and what it is BECOMING. No one is more committed to the well being of this company than Peter.
humbleguy13 wrote:
Peter did not buy shares at the market... does anyone read the news releases?\
As per the news release, first he loaned money to pyr at 12% interest and now he has converted the loan into shares at 0.28 cents a share....
Reading all the news releases tells a very interesting story .....
here is an excerpt from the news released referred to by Pete;
The Loans bears interest at the rate of 12% per annum, with interest payable in cash on a quarterly basis in arrears and matures September 17th, 2021. The Loan is convertible into common shares of the Company (each, a "Common Share") at a conversion price of $0.28 per Common Share (the "Conversion Price"). The Common Shares issuable on conversion of the Loan will be subject to a statutory hold period of four months and one day from the closing date.