RE:It’s Sunday So Let’s Discuss Some Issues Ok let's discuss. The loan is a "convertible" loan and Mellon may convert in "whole or part" at 49 cents per share.
Mark my words "convertible " will come into play with this paper.
Nobody can read the body beyond the headline these days.
If Mellon sees fit and decides to convert today at 70 cents they're up half a $million on paper not to mention the rest.
Good deal last I checked. And let's just say PYR was at $1.50 after a contract signing,well even better for Mellon.
Mellon is a short term lender on the way to becoming a shareholder
GLTA