Pyrogenesis Canada Inc T.PYR

RE:RE:RE:RE:200k bid

[OnlyReality]

I got caught up answering the question about tax loss selling but forgot there was a bigger question about the selling in general. That is an easy one and you had better get used to it for a while. Pyr just issued options for over 6 million shares at 18 cents. A lot of people are more than happy to take the spread as quick and easy profit. So anything above 18 cents is pure profitable to them and did you notice it was a limit sell today down to 18.5 cents? Like I said there are over 6 million of them so don't be surprised if the bid gets well above 18.5 cents and there is a reasonable amount of shares to be purchased on the bid that it gets hit again and again for a while.

For those that do not understand options, it is an offer to buy new shares from the company at a fixed price. If the current market price is above that then all they do is buy the 18 cents shares from the company and then dump into anything above that on the open market and pocket the difference. In a lot of cases they can just give a direct order to sell their options directly into the market above 18 cents and pocket the difference without ever having to open their wallet to buy them in the first place. Easy money for those lucky enough to be on the options gravy train.

MONTREAL, QUEBEC--(Marketwired - Sept. 26, 2016) -PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX VENTURE:PYR)(OTCQB:PYRNF), a clean-tech company (the "Company" or "PyroGenesis") that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that pursuant to the Company's Stock Option plan, the Company has granted incentive stock options to its directors to purchase up to an aggregate of 6,350,000 common shares in the capital of the Company, at a price of $0.18 per share. The Options will be exercisable for a period of five (5) years, commencing on the date of the grant.