RE:RE:RE:RE:RE:RE:RE:peter answer on agoracom regarding hpq nano powder ?Think of the poison pill being there to prevent
premature action. An attempted takeover after the first big contract signing, for instance. Doesn't mean they won't execute eventually.
However, lots of other things can, and likely will, happen down the road. Likely a complete spin-out into its own publicly traded entity, hence its current subsidiary status.
MakeItRain1 wrote: There is nothing that I could see that this was simply a poison pill. Are people suggesting pyr won't convert the royalty to the 50% ? what everyone is saying is that hpq starts making insane money, pyr won't convert even though it has every right to because it was just a buisness tactic between friends ? That would make terrible buisness sense and terrible value for pyr investors if the 50% exceeds the value of the 10% royalty which appears to be only for a specified number of years. Investors would lose their minds with anger !! Of course pyr will convert by 2024 royalty expiry Unless of course the plan was to acquire hpq all along !
A gradual approach was deemed more efficient, therefore HPQ Silicon created a fully own subsidiary, HPQ NANO Silicon Powders Inc, to be the stand-alone Corporation that would finance the Research and Development programs and manage the future commercialisation of Nanoscale Silicon (Si) materials made with the PUREVAPTMNSiR with PyroGenesis being granted the right to convert, at any time and at its sole discretion, it Royalty into a 50% equity stake in HPQ NANO.
As a result of this, HPQ NANO agrees to pay PyroGenesis, on an annual basis, and until conversion, the following minimum royalty (Nano-Royalty) on the gross sales of nano materials produced with the PUREVAPTM NSiR Process and Systems:
COGT wrote: Do some DD go to August 18 news release as Peter said this is simply a poison pill