Disclosure of party in private placement
It is my understanding that they must disclose in 5 days if an insider purchased the shares
Do they need to disclose if not insider as it is substantial ownership?
Additionally if a related party does that require disclosure. For example HPQ has 6 million in cash
Would they have to disclose immediately if HPQ is the buyer or can it wait until year end in March?
From a business point of view "investing " in pyr makes sense as HPQ is a brick if PYR fails and HPQ also has long term royalties due. I presume this would all be legal .