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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Midtownguy
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Post by wasitreallyok on Aug 06, 2021 6:05pm

Midtownguy

MTG could you please let me know about another share sale by Peter that Stairwayto had refered to from a post you had a while ago. Or is this just a misunderstanding on their part. It is my understanding Peter's share sale had ended today. Thanks
Comment by StairwayTo on Aug 06, 2021 7:30pm
Just found it, took a while to go through all the bs over here and there, @MidtownGuy As of Jan 1, Peter had 3MM warrants expiring on Sept 25. [Source: https://cdn-ceo-ca.s3.amazonaws.com/1gfbfk7-pyr%20share%20structure2.png+] He's since filed four Notice Form 45-102F1, indicating plans to sell: Jan 14 (400,000 shares), April 14 (480,000), May 26 (765,000), and July 7 (765,000). For a ...more  
Comment by wasitreallyok on Aug 06, 2021 8:35pm
Wow thanks for the work Stairwayto. In the July 15th release it mentioned options at July 2021, then 2022, and 2023. I guess we will see if Peter is going to sell another batch but in my opinion, which only has value with me, Peter will not be selling anymore in the near future. But we will soon find out. Thanks again for the work you did to find the info.
Comment by Pitpitcolisse on Aug 06, 2021 9:14pm
Warrants expiring doesn't correlate to same amount sales of share, its not like he has a maximum he can own. He needs money to pay the taxes on the warrants amd has to pay taxes on the gain of the shares he sells to buy warrants, so he needs money but he could have already gathered enough just like he could sell millions more if he wants to... So not relevant...
Comment by MidtownGuy on Aug 07, 2021 4:53pm
Pitpitcolisse is correct, that was my mistake, as expiring warrants don't correlate 1:1 with share sales. It's a mistake I've made more than once, and I corrected it on the CEO forum when someone brought it up. While Peter has more warrants expiring soon, it does not in any way mean he will need to sell shares to buy warrants. He certainly COULD, but he also may just use cash on hand  ...more  
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