PyroGenesis Inc T.PYR

Acceleration of warrants.

[thenewguy11]

The acceleration of warrants is the smartest thing to do right now. Original private placement was for 3.60$ with exercisable warrants for 4.40$ at half the number of shares issued. There is a good chance only a third of these shares will make it to market, as selling one share will allow owner to keep more than 2 at today's shareprice. With the momentum and growth Pyro has in the near future, I'm assuming any forward thinking investor would like to retain as many shares as possible.

[ScienceFirst]

It's indeed positive. These warrants were already considered in the total shares (fully diluted).  So it won't add any dilution.  It was in November, but not now as these are not nre shares.  But it will bring cash to PYR.  They'll propably use this money for day-to-day operations (they recently doubled their manufacture facility because of upcoming contracts, etc

[ScienceFirst]

For day-to-day operations and announciator of higher share price.  And like one said, no more warrants remaining. Perfect execution.

[thenewguy11]

In addition it puts over 5 million$ more in Pyros very healthy cash position. Finally it cleans up their balance sheet with no more warrants left. I'm assuming Peter believes that Pyr shares will be worth alot more in the future. Much fairer to us shareholders that this gets taken care of when the price is still low, relatively speaking.

[Stubbyinsider]

+ $33 million in cash...