RE:RE:RE:RE:RE:RE:RE:RE:Announces Intention to Purchase Up to 4.1% of Common Shares
Where will they get the cash to go private!
From Sedar - MD&A for 6 months ended June 30'18
Additional financing and dilution
PyroGenesis will require additional financing to support ongoing operations and to undertake capital expenditures. There can be no assurance that additional financing will be available to the Company when needed, or on terms acceptable to the Company. PyroGenesis’ inability to raise financing to support ongoing operations or to fund capital expenditures could limit the Company’s growth and may have a material adverse effect upon the Company.
The Company does not exclude raising additional funds by equity financing. In addition, at August 21, 2018, 10,046,000 stock options are currently issued and outstanding, together with 8,141,762 warrants and 3,750,000 convertible debentures. The exercise of stock options and/or warrants, together with the conversion of debentures, as well as any new equity financings, represents dilution factors for present and future shareholders.