RE:RE:Sweet deal - for MellonTrust has been continually disposing of shares even at year low.
Trust could have provided this funding earlier on, not when Pyro had its back to the wall.
Trust went easy on the 3% interest rate compared to the previous debentures/interest rate.
Trust gets warrants, Pyro pledged all assets securing loan. NO risk to the Trust, Mr. Pascali. Mr. Pascali already owns 47% of the outstanding shares. Did the Trust, Mr. Pascali require the company to pledge the moveable property (assets)? Opportunistic?
Did Mr. Pascali as PYR principal (Trust principal) vote on the acceptance of the funding? Did he recuse himself?
IMO, Pyro was better off with a higher interest rate and no warrants, n'est-ce pas?
The fox guarding the hen house?
Wolf in sheep's clothing?
Good luck to all!