RE:RE:RE:NR - PyroGenesis Announces Warrant AmendmentExtending the expiry date by 1 year is one thing but once again lowering the strike price is something totally different. You don't lower the price of anything if you honestly believe it's value will be increasing.
So management is indirectly conceding that at this moment a sustained minimum 26 cent share price within the next year seems unreasonable. I don't believe any of the present underwater shareholders are overly excited by that inside opinion.
Just an added note. Warrants are not issued or repriced at less than what the current share price at the time. So 19.5 cents is not neccesarily based on any faith in that number. That number is quite simply the lowest that they could make the strike price at that time.
I think it is safe to say that this is one of those rare occasions where shareholders are hoping that management is wrong.