RE:Obviously, No Torch Order Imminent...Right on time!
This is 100% wrong lol. Seem my previous post to FDFD.
The investment bank wants to do the raise way down here so they can maximize their profits. It's not up to PYR. The IBs hold the cards for this. They likely helped suppress it to this point, but that's just me speculating.
The amount of shares is moot. The share buyback of a few months ago counteracts these new stocks
Olderguy1 wrote: Obviously there is no imminent torch order in the works or Peter would want to announce it before doing the bought deal. A torch order would likely raise the price of the stock by a couple of bucks so the bought deal could be at a higher price with fewer shares issued.