Poor shareholder managementNearly all juniors have been hammered in past couple of years for all the various reasons that can be applied in general. However continued share sales by CEO through Mellon during this period has exaggerated this downward spiral. No one begruges someone tryiny to resolve a taxation problem and the scheme is fairly worked out, however, it is clear the daily volumes being sold through the scheme are too high. Indeed the share disposition should have been put on hold until markets are more stable or a large single disposition to an interested party who would hold them.
I see no reason why this scheme would not be postponing sale of the trust shares, if done this would be a vote of confidence by the CEO and would help support the price. If one indulged in conspiracies, one could speculate that PYR will be taken private by the CEO considering the cheap valuation, selling stock ensuring a low buy-out.