RE:RE:IS IT SINKING IN YET? I agree that this is good for both HPQ and PYR. It cleans up the books for HPQ and gives PYR some more ownership over the potential deal that HPQ is working on, outside of fumed silica. As a shareholder of PYR, I like this move. If HPQ does get technology provider status and is looking at a royalty type revenue deal then not only does PYR get contracted to build out a bunch of reactors, they will also stand to benefit from the ongoing royalties as a big shareholder of HPQ
BCONTVentures wrote: Great points Melida, and this debt to equity conversion has PyroGenesis once again becoming a near 10% equity stakeholder in HPQ Silicon. And like you mention, these shares/warrants have a 4 month hold, and both PYR/HPQ are very close to the Fumed Silica Reactor (FSR) pilot plant becoming fully operational and with the first offtake agreement in sight.
PyroGenesis has a vested interest in HPQ Silicon's success (both with the FSR and QRR). And, PYR chose shares (instead of cash payment) from HPQ, indicating significant increases in HPQ's value.
Melida wrote: This debt to equity conversion could be (and I dare say will be) a fantastic deal for Pyrogenesis. 38,000,000 shares of HPQ. The hold period on the warrants is only 4 months? Both companies clearing up a potentially big problem that paves the way for future financings and off take agreement.