Post by
Danielthemanual on Nov 10, 2020 9:11pm
Is this concerning for anyone??
the warrants issued through PyroGenesis’ offering is subject to potential acceleration of the expiry date within those 24 months. If the company’s common shares on the TSXV reach a volume weighted average trading price higher than $6.75 for 20 consecutive trading days, PyroGenesis may accelerate the expiry date.
does anyone feel like with this provision that come 2 years from
nowntje stock price might be only somewhere around $6.75??
Thanks
Comment by
developbc on Nov 10, 2020 9:15pm
This is not of any concern or correlation that sp will only be $6.75 in 2 years... the bought deal was negotiated by both sides but you know theacceleration clause was stuck in by Peter. Keep in mind these are only 1/2 Warrant NOT full share Warrant. Regarldess, I strongly believe $6.75 sp will be eclipsed before year end :) Long and strong PYR!!!!!!!!
Comment by
MidtownGuy on Nov 10, 2020 9:32pm
You're missing the point. It's specific to the Venture exchange, where time remaining is literally a few days. If anything, this is exciting, as it actually suggests even in the limited time left on the Venture exchange, that they think the share price might go to $6.75.
Comment by
Stubbyinsider on Nov 10, 2020 10:35pm
Funny how he asks the question; you both answer, and yet he doesn't respond. Typical lol Go PYR!
Comment by
sandysouci on Nov 10, 2020 10:43pm
yes, seems that was Danielthemanual's FIRST and ONLY post ever on Stockhouse..........
Comment by
claudemc on Nov 11, 2020 8:19am
You're focused on the wrong thing... it's half a warrant, do the math or go invest in a mutual fund, this is not for you. stay safe!
Comment by
sandysouci on Nov 11, 2020 12:34pm
an EXCELLENT POINT: "If you are jealous of the warrant holders paying $4.50 in the future for those warrants, buy some shares at $4 today...."... well said!...
Comment by
itwillbeoknowok on Nov 11, 2020 1:00pm
This post has been removed in accordance with Community Policy