RE:To be clear on the terms of the arrangement ...to be clear: you said BULLISH -- not bullshit!.... thanks for your opinion FullMonty...
FullMonty22 wrote: This is a bullish little bought deal. If I read that correctly - Peter is betting on PYR with this deal because:<br /> 1) 1.6 million shares at 3.60 is a tidy sum to sell into the market but will have little overall longterm effect on the moving average (it's going to be blip about 12 months from now). Even less of an effect if the firm is long (which for 5.76 million it definitely is).<br /> <br /> 2) the .8 million whole warrants average up those share prices by a factor of 1/3rd if excericed to 3.86. Effectively ensuring a price floor to this holding via the company. Not to say the short term price won't fluctuation because of people that don't understand.<br /> <br /> 3) Peter has also built in a nice little timer on further dilution were he can makes those shares expire unilaterally if the 20 day moving average sustains $6.75 (which we are going to see in November if further, consecutive news releases are dropped in coming weeks regarding torch orders, drosrite, uplisting, purvap or anything else being cooked up in the kitchen!)<br /> <br /> STAY LONG