RE:RE:Is this concerning for anyone??Also forgot to add...
Acceleration of the expiry date means move it forward and shorten the time window during which people can exercise those warrants. Again, a good thing, as:
1/ this means they don't want people buying stocks for super cheap 2 years later when the stock is $50 etc.
2/ it's better to sell warrants sooner rather than later, as a later date can keep a stock price artificially low when people remember there's a whack of shares available at some point for a certain price
And as Develop mentioned, it's a 2 for 1 (half share for every share owned).
All of it says to me they have great confidence the share price is going waaayyyyy higher than that warrant price.
MidtownGuy wrote: You're missing the point. It's specific to the Venture exchange, where time remaining is literally a few days. If anything, this is exciting, as it actually suggests even in the limited time left on the Venture exchange, that they think the share price might go to $6.75.
Danielthemanual wrote: the warrants issued through PyroGenesis’ offering is subject to potential acceleration of the expiry date within those 24 months. If the company’s common shares on the TSXV reach a volume weighted average trading price higher than $6.75 for 20 consecutive trading days, PyroGenesis may accelerate the expiry date.
does anyone feel like with this provision that come 2 years from
nowntje stock price might be only somewhere around $6.75??
Thanks