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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

Industrials Technology
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 > So let me get this straight
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Post by filoux004 on Dec 21, 2023 12:07pm

So let me get this straight

So let me get this straight...for a minuscule loan of 1.2M fr Mellon Trust Pyr pledge all its movable assets?? Which is basically everything except buildings which I believe are owned by PPP. Is this correct? Thanks for the input and glta
Comment by GrahamB on Dec 21, 2023 12:27pm
It's basically, a no risk or almost no risk loan. If the share price stays where it is, it's an opportunity to take money out of the company, or sell to retail investors, and add a premium, as well as the warrants, which are free.   If things continue to go, south, you have the assets, in case things were liquidated, and you are guaranteed to get your money back. Its not hard ...more  
Comment by filoux004 on Dec 21, 2023 12:45pm
So am I right in saying that PPP is the largest shareholder as well as one of the principal creditor of PYR. Looks like a perfect Hedge.  Glta
PyroGenesis Inc
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