RE:RE:RE:RE:RE:Question to PYR IR re Mellon Trust "Peter" is a trustee, the executive officer, and the beneficiary of the trust.
He decides when the trust will sell, and when it won't.
Remember this?
"On August 18, 2022, Mr. Pascali filed a notice of intention to distribute securities (Form 45-102F1) under the SEDAR profile of PyroGenesis at www.sedar.com, through which he announced his intention of selling, on the Toronto Stock Exchange (the “TSX”), up to 800,000 of the 4,904,657 Common Shares (the “Proposed Disposition”) owned by Fiducie de Crdit Mellon Trust, a trust of which he is a trustee, executive officer and beneficiary (the “Trust”). On the same date, the Trust and PyroGenesis entered into an ASDP with an independent broker, who was appointed to effect the sales to be made under the Proposed Disposition between August 25, 2022 and September 16, 2022.
On September 8, 2022, Mr. Pascali and PyroGenesis notified the broker of their decision to terminate the ASDP. The decision was taken in order to avoid the possible situation wherein, in accordance with the trading parameters set out in the ASDP, the sale of a large number of Common Shares would be made in a short period of time. The Board of Directors of the Company approved the termination of the ASDP, as it is believed to be in the best interest of the shareholders of PyroGenesis. The termination was made at a moment in time when Mr. Pascali/the Trust represented not being aware of or in possession of any privileged information or material non-public or undisclosed information about PyroGenesis or any securities of PyroGenesis