RE:Obviously, No Torch Order Imminent...The soap opera never ends with you Olderguy1. You and fdfd12 seem to be enjoying clogging up the board tonight with this back and forth dribble.
Now, 2 things regarding the uplisting (which other posters have highlighted as well):
1 - this bought deal is being done quickly to meet the requirements to uplist to the Toronto Stock Exchange Senior Board. Obliously everyone wants it to be at a higher price, but this is how underwriters make their money (happens all the time). Also, PYR has bought back approximately 1.2 million shares, they are issuing 1.6 million shares through this bought deal, thus a net issuance of 0.4 million shares. This is not dilution, it is being done to satisfy the uplisting requirements.
2 - Peter is a former Investment Banker. He specialized in public offerings. Not only does he know what he is doing, but he owns over 50% of the outstanding shares. He has a vested interest for doing what is best for PyroGenesis.
Let's end the borderline dribble here and focus on the positives people. This is huge news today, let's be thankful.
therealmccoy
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.