Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.


TSX:PYR - Post by User

Bullboard Posts
Comment by MidtownGuyon Oct 20, 2020 10:21am
326 Views
Post# 31747647

RE:5 signs of good financing of a company

RE:5 signs of good financing of a company
Tcheck wrote: 5 signs of good financing of a company

the selling of shares under the going value is not necessary .



Indeed it was necessary. Investment banks demand a discount on currently traded price, and they call the shots. PYR was trading around $4, and the deal went for $3.60, so only an 11% discount which is considered a fantastic win for PYR. No discount, no deal. That's how investment banks make money. The article also did not say it shouldn't be priced under the going value, he was comparing a financing round to a previous financing round, not the current share price. That's a misrepresentation.

Tcheck wrote:

shares issued are not going to be traded so it doesnt help support the shareprice .


Makes no sense.

Tcheck wrote:
why did they have to increase the deal size if it was only for TSX listing 


Why not? The money was offered, and it was a very small deal. 3 million shares? Laughably small. When someone offers you money, you take it. Better to do it now in one go, than do it later and have people cry up a storm. Kililng two birds with one stone this way.

Tcheck wrote:

old article but makes you think.
according to that article the financing we underwent was not so astute .



Totally disagree, and so would the writer of the article based just on what he wrote. Also the article is for a strict financing, not a small mandatory one to meet an uplisting criteria.


Bullboard Posts