RE:RE:Does anyone here even know what it means? Skier is right. Especially in relation to HPQ.
I figure that owing 5 million bucks to Pyr was making HPQ customers hesitant to put cash up front to facilitate HPQ product development as part of a possible off take.
And to address a poster's comment, I agree, off takes are "just" contracts. In this instance the contract effectively would be a financing/purchase agreement. It's the finance angle that made it a priority for the HPQ debt to be paid off by the issuance of equity to Pyrogenesis. No way I would advise a client to off take if supplier (HPQ) owed 5 million to a third party. So, the debt to equity is a big deal, over and above being a cool investment for Pyr.
Time will tell but as I've already said, the rocket is cleared for take off. I'm looking forward to 2025