Aarman4 wrote: FullMonty22, I'm not sure if this is helpful or not....
From Agoracom
On Sep 1, 2020 Poetech2 asked:
Hi Peter,
I welcome the new vote of confidence in HPQ (if such was needed, after the previous investments and the JV).
My question is: what is the long term strategy for a return on this significant investment in HPQ?
How exactly do you think that PYR will benefit: just from HPQ share price growth (assuming that PYR will sell its shares either on market, or if HPQ is acquired by a 3rd party), or from a revenue generated by HPQ, that will be distributed to shareholders (dividends)?
As always, thank you in advance, I would greatly appreciate your feedback on this.
To which Peter Pascali responded:
Dear Poetech2,
Thank-you for your question.
The truth is that the long-term strategy is open and fluid; either strategy works for us (dividends or sell in market).
For those that question the purchase announced today (it was not made as a vote of confidence BTW; it was made 100% with the idea of making money…it is an investment) I would like to remind them that about two 2 years ago we invested approx. $2MM at 12 cents when the stock was trading at 8 cents (another investment at a 50% premium)…I was questioned back then as well…who is laughing now?
Hope that helps
Peter
Cheers!
FullMonty22 wrote: Hey gang,
I was just thinking about some relative figures to put something on everyone's minds. PYR purchased 4 million HPQ shares with the express intent to make money. The actual price of said purchase 2.4 million dollars. As the title to this post suggests, what is that number relative to? Well according to several quotes by PP the sale price of one torch is approx 3 million amd. Of course, the profit margin is the most significant figure to account for relative to any profit the company wishes to spend. However, the scale of these torch contracts according to rumour seems to be on the scale of billions. My opinion is that PP is tossing premium nickels at the future prospects of this battery company with the intention of making billions, for cents on the dollar. Can someone else explain what I suspect further or better. These two companies are going to be big players in future industries with massive growth on the horizon.