Post by
Duke101 on Oct 18, 2021 9:47am
CEO Selling
Peter selling some of his shares and buying warrants is brilliant , he not only increases his total share count ( 52% ) but protects PYR from a takeover bid and he helps investors who bought around $12.00 by allowing them to buy lower and averageing down. They will be rewarded when sales are signed.
Comment by
canyousayiii on Oct 18, 2021 10:10am
If we follow that logic, wouldn't it be better if he just reached into his pockets and bought the warrants without selling any of his shares? Just curious why he would be leaving money on the table by selling any shares given your conviction.
Comment by
Duke101 on Oct 18, 2021 10:12am
Rule # 1 always use other peoples money.
Comment by
canyousayiii on Oct 18, 2021 10:30am
Yes, Duke, that is rule #1 for some. My rule #1 is not to have other people make money on a stock at my expense, and that is why I posed the sensible question that you did not anwswer well. Cheers.
Comment by
AhSocks77 on Oct 18, 2021 10:24am
This post has been removed in accordance with Community Policy
Comment by
bunser49 on Oct 18, 2021 10:36am
As we all wait to be rewarded when sales are signed which has gone from within six months to being imminent now, he is the only one making money at this stage. I am not sure those who bought at $12.00 are still around after taking a 60% haircut. JMHO
Comment by
fdfd12 on Oct 18, 2021 10:59am
Would he be diluting the shares by him buying the warrants? Yes or No?
Comment by
Duke101 on Oct 18, 2021 11:04am
YES I think he would be diluting the shares, but maybe someone more knowledgeable would know?