RE:What a horrible deal... Billion $ deal sold for nothing..Gave away half of the new subsidiary cie HPQ Nano, not HPQ. They both get a great new asset that will pour in tons of $$ into both mother cies PYR and HPQ. Glad because I'm in both.
pennymaker69 wrote: PYR just ate HQP lunch. They just gave away half the fing company for nothing. And they had tons of money already. This deal sucks. PRY is just going to take over HPQ for next to nothing down the line when they make deals like this. Thinking of bailing.
As a result of this, HPQ Nano agrees to pay PyroGenesis, on an annual basis, and until conversion, the following minimum royalty on the gross sales of nanomaterials produced with the Purevap NSiR process and systems:
- For 2021, the greater of 10 per cent of HPQ Nano gross sales or $50,000;
- For 2022, the greater of 10 per cent of HPQ Nano gross sales or $100,000;
- For 2023, the greater of 10 per cent of HPQ Nano gross sales or $150,000;
- For 2024 and beyond, the greater of 10 per cent of HPQ Nano gross sales or $200,000.