RE: Signals that something significant is comingAnd another great post from @JetsFanYEG:
@JetsFanYEG @plasma1 lol not that desperate, they just got $4.1M cash from Drossrite, with another $4.8M coming before the end of the year and this NR would add another $3M. This seems to be a strategic move to reward long term shareholders that invested in private placement financing from a while ago while also adding cash to the balance sheet when exercised. Also, from today's NR:
None of the holders of Warrants that are to be amended are insiders of the Company. Thinkbigsti69 wrote: @JetsFanYEG That’s actually great news isn’t it? At 75 cents exercise price the company gets $3M cash when the warrants are exercised and it isn’t that many shares (which were already accounted for in the fully diluted float). Plus it signals to shareholders that something significant is coming that will likely bring the SP above 93 cents so PYR can accelerate the conversion and get the cash. All while benefiting some shareholders (who are not insiders) that invested in private placements back when the SP was much higher, thereby signaling to investors that if they invest in a private placement the company will look out for their interests in the future. I think it’s great news.