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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery, waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Comment by MidtownGuyon Oct 22, 2020 11:47am
284 Views
Post# 31764420

RE:RE:RE:Mackie Research Capital Corporation

RE:RE:RE:Mackie Research Capital Corporation

Well first it's a "bought deal", so Mackie actually bought all the shares outright. They can then either keep or sell (they will likely sell most of the shares, and keep some warrants).

Mackie has a wealth management division, so they would market shares to their own preferred private clients first.

They would also call buy-side people around town, at other investemnt banks, hedge funds (who really like warrants), institiutional investors (funds managers of any type), high net worth individuals, or any liquidity manager, etc.

Finally, they can keep some themsevles, sell to anyone they want (family, friends, etc.), and even sell back to anyone at PYR who wants some.

Regular investors could theoretically get their own broker to contact Mackie on their behalf to ask to buy some shares, but its likely there's none available, as this was a small offering and it's gonna sell out to their own connections first.


Tcheck wrote: Thanks midtownguy

So we don t know where the shares ended up ?
can be in the hands of any ( small ) investor ?

or is that not how it goes 
they must have preferential clients 


 

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