Pyrogenesis Canada Inc T.PYR

UPLISTING PYR is huge...finally going to the big board!

[developbc]

NOT a NEED for financing...securities issuance for TSX uplist:

Without limitation, the original listing requirements of the TSX provide that a company must have a minimum of $10,000,000 in the treasury, the majority of which has been raised by the issuance of securities qualified for distribution by a prospectus, which requirement is not currently satisfied by the company.

Majority is defined as at least $5M+ $1 which I am sure Peter has lined up already with banks and lawyers.

The balance is zero concern as yesterdday NR: $4.8M from US Military +  $2.65M  coming in from Drosite = $7.45M  plus cash they have been receiving from Drosite and HPQ already easilly is over $5M on hand plus the securites issuance required to satisfiy TSX uplist. 

Contract for torch news seems strategically delayed as we uplist knowing Peter. Imho torch news is very very soon. 

LONG and STRONG PYR!!! 

[Stubbyinsider]

We always had to uplist before the Torch news... makes sense....all falling into line.

[developbc]

For few that are confused....PYR does NOT need to raise cash for working capital...only to satisfy requisite funds raised by prospectus mandated by TSX to be listed as tech company.  Seniour board here we come!! “We are proud to announce today that the Board of Directors of PyroGenesis, believing  that the Company is at a stage where investors could benefit from an up-listing to a more

[BCONTVentures]

This is fantastic news!  Great work by Peter and Team at PyroGenesis!  Senior board here we come! Exciting times! Long and Strong in PyroGenesis!

[canyousayiii]

Let's be honest....we will apply and then we will see if we are going to meet the condition to be accepted. OK, thanks for letting us know. Let us know when you are conditionally approved and then how you are going to meet the condition. That will be the next news. And after that it will be final news of uplisting. By that time, we should have some serious sales news so I am not sure I care

[MidtownGuy]

It brings up an interesting notion. Most companies only post when they have conditional approval, then they follow up (usually two weeks or less later) with final approval and the listing announcement, then begin trading the very next day on the new exchange. As canyousayiii suggests, there was no real reason to announce they have filed the paperwork, especially considering it's been

[Stubbyinsider]

Quick question, how long do you estimate until we are approved and trading on the TSX ?

[MidtownGuy]

It's entirely up to the company. The criteria for acceptance are well established; you either have it or you don't. Usually companies file the paperwork quietly, do the work behind the scenes, then announce preliminary or conditional acceptance by the TSX, then two weeks later or less announce final acceptance, then are literally trading on the new exchange the next day. I highly expect

[Stubbyinsider]

Thank you for thr detailed response! Much appreciated!

[Olderguy1]

I don't think a bond issue will do. Peter will have to issue equity. One way of doing this would be to sell his own equity in a bought deal. Maybe that is why he created so much equity for himself a week or so ago by converting his loan to equity. That sort of deal would help meet the TSX requirements with a minimum of new equity dilution and provide a nice payout for himself. A great way to

[dcowan]

Sure. but it's not going to be at today's market price. Mark my words. 

[MidtownGuy]

This makes a lot of sense. Peter recently added to his holdings. Without all the mumbo jumbo, Peter owns just over 50% of the shares currently, but with warrants that he has a right to exercise, ownership increases to 53.67%. So assuming the exercise of all warrants he owns, he would own 89,236,998 shares out of 166,265,568. Remarkable. Lucky guy. Now, even if he sells that extra 3.67%, he'd

[Casavantsghost]

You are batting 1000% tonight my friend. Very articulate posts from you. Your last sentence cracked me up. I'd love to see him do that with HPQ so as to give the ole bird to these theives in the market. They are no better than the mafia these pr*cks.

[Casavantsghost]

Excellent well thought out post.

[BCONTVentures]

This is fantastic news!  Great work by Peter and Team at PyroGenesis!  Senior board here we come! Exciting times! Long and Strong in PyroGenesis!

[Macer]

Exciting indeed. I believe we can expect things get pretty real, real soon. Enough screwing around on the venture, on to greener pastures. Congrats PYR and all the longs! Macer

[developbc]

Keep in mind everyone as only half of the $10M is required via new issuance. $5M @$4.11 sp is about 1.2M shares which is way less than 1% dilution but remember Pyrogenesis bought back 1.2M shares thru companies NCIB program earlier this year As stated..Pyrogenesis majority means...anything over $5M is defined as majority. Thus only touch under $5M needs to satisfy the issuance of securities

[BCONTVentures]

This is huge news about PyroGenesis heading to the Toronto Stock Exchange Senior Board.  Great work Peter and Team at PyroGenesis!   And great point that you brought up in your post below developbc (I highlighted it in yellow). Also remember that prior to joining PyroGenesis in 1992 Peter Pascali was an Investment Banker, specializing in mergers and acquisitions and then public

[developbc]

Yes indeed.  Since Peter is ex Wall Street Banker..he knows exactly what he is doing. I'm betting in very near horizon we'll get update on moving to the senior board as tech company.   Seems very strategic planning on timing with torch news release...very exciting times.

[sandysouci]

PERFECT CALL on this (see below from about 10 days ago)... thanks Developbc!...

[sandysouci]

very interesting point: we just sold 1.6M -- but bought back 1.2M recently -- so the net difference is only 0.4M -- that's NOTHING!

[MidtownGuy]

Yup, it's a wash. With the recent buyback form PYR, it's virtually zero dilution. Quite amazing, actually, and clearly that was the reason for the buyback at the time, we just didn't know it.

[canyousayiii]

You explained well how it works. But the previous buyback had nothing to do with this. PYR had no idea what the shares would be worth months after the buyback just like they have no clue what it will be months from now. But just a word of caution, don't expect the price to move up just because it is on the big board. Some companies get much bigger valuation on the venture because of

[MidtownGuy]

Neither of us know for sure, but it sure worked out well didn't it ;) And absolutely, stocks don't always move once they hit the big board.. on NO NEWS. But, once news hits, it sure will. Nevermind the advantage of tighter controls on stock manipulation. Can't imagine you're suggesting this is bad news and you'd prefer they stay on the venture.  It's all good baby.

[BCONTVentures]

Yes, great point that the net difference is only 0.4 million shares being issued.  This is great!  (Plus we don't know if the NCIB has been utilized recently, will find out in the Q3 results). It's great to have a President and CEO like Peter looking out for us retail shareholders.  Uplisting on the Toronto Stock Exchange Senior Listing will allow for mutual funds and other

[developbc]

In the meantime of all the incredible revelations that are happening.   Really look forward to the uplisting to senior board..I'm betting very soon  :)