RE:RE:WHY $5M bought deal is good and definitely be oversubscribedFantastic work Peter and Team at PyroGenesis! Uplisting to the Toronto Stock Exchange Senior Exchange is absolutely going to happen!
Exciting times!
Long and Strong in PyroGenesis!
developbc wrote: Tsx senior uplisting is seriously going to absolutely happen. As Peter stated today on Agoracom it this pp is correlated to uplist requirement.
Torch contract going well as also stated.
Onwards and upwards!
developbc wrote: Only few trading days ago PYR announced application to TSX senior board as technology company and as stated required $5M in the treasury raised via issuance.
You think smarter CEO like Pete is going to do this for no good reason?
Few thoughts: - As guessed and predicted previously, Pete already had this lined up as a bought deal as in it is already done. DONE!
- Mackie Research Capital Corporation (as the sole underwriter and sole bookrunner, the “Underwriter”) did this in 1 swoop and bought deals almost always require discount to market as they will resell to vip clients.
- What usually comes along w someone like Mackie is analyst coverage which will give great exposure
- There is just NO way Pete is going to uplist to TSX Senior Board for failure...significant pending contracts are in play and huge upside in ALL divisions.
- Brilliant move by Peter to get this done in lightning speed
- 1.6M shares is nothing...around 1% dilution but remember Pyrogenesis bought back 1.2M shares thru companies NCIB program earlier this year
- This deal ONLY comes with 1/2 warrant with a 30 day acceleration clause @$6.75.
- You just know this deal will be oversubscribed...defintely. is my firm bet
- Q3 Financials should be out soon and definitely should be good
LONG and STRONG PYR!!!!!!!!!!