Pyrogenesis Canada Inc T.PYR

Blackout Policy

[CountryChic]

Does anyone know offhand what PyroGenesis’s blackout policy is? Would it include Peter’s inability to convert the loan into shares, as he did today, if the contract news was going to be released within the next week or two?

 

Trying to gauge how much time I have to move more money over to continue overloading on this stock. If these MM feel the need to play games I may as well take advantage of it!

[sjc444]

I'm not sure this constitutes insider trading. The the conversion price was already set and totally independent of the market price. He was going to get the same number of shares regardless whether the market price was $4 or $100.

[CountryChic]

That is a fair point. He is essentially loosing out on the 12% interest he would have made I suppose holding them. One could also argue that multiple press releases have indicated this approximate timeframe   That said, I know different companies have different policies, some which are stricter than others hence wanting to know if someone knew theirs specifically.

[DodgeTown]

Hi Country Chick - I don't believe black out rules would apply at all to exercising options or warrants granted within the terms of a contract, only to purchasing shares in the open market.

[MaxlRose]

Hi, IMO, I dont think any black out policy would apply in that case. Be sure that as soon as the contract is signed or the meeting for such final signature is schedule or determine, there will be an halt on the stock. Black out policy are more used for quarterly results release or financial news, because insiders have privileged information on those and would have an advantage over the market

[Yajne]

I thought about that this morning as well CC and was concerned that it might signal that news was now going to be mid-Oct (approx 2 weeks) but then quickly concluded, as others have stated, that conversion terms were completely fixed when the debenture was issued. Interesting that the NR also stated that the conversion happened now "at the request of the Company" who can argue that were

[kingscorpion]

Precisely my point well said yajne