PyroGenesis Inc T.PYR

What happened After a very similar loan on March 18, 2020?

[jetpack]

The last Time Peter made a loan to PYR was march 18, 2020 I believe, it had basically the same security on "Movable Property" what happened after that, did Peter disolve the company and take the patents and run as may are suggesting here? No, actually this happened,

Price March 20th $0.15 USD
Price July 24th $4.22 USD
Price Febuary 2021 $9.43 USD

Maybe the reason Peter is making this bridge loan is not the evil intent some suggest, but one hell of a deal(s) is(are) around the corner. Many Millioniares were made in 2020 because of this opportunity, Happy new year to all!

MONTREAL, March 18, 2020 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the "Company", the “Corporation” or "PyroGenesis") that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has closed a $903,000 non-brokered secured convertible loan at 12% per annum (the “Loan”), with a related party.

The Loans bears interest at the rate of 12% per annum, with interest payable in cash on a quarterly basis in arrears and matures September 17th, 2021. The Loan is convertible into common shares of the Company (each, a "Common Share") at a conversion price of $0.28 per Common Share (the "Conversion Price"). The Common Shares issuable on conversion of the Loan will be subject to a statutory hold period of four months and one day from the closing date.

The Loan is secured by a subordinated Hypothec on the Universality of Movable Property over all of the present and after acquired moveable property and assets of the Company.

PyroGenesis intends to use the net proceeds from the Offering for general corporate purposes. The Offering is subject to the final approval of the TSXV.

[Teflon2Hype]

"Many Millioniares were made in 2020 because of this opportunity, Happy new year to all!" No, the only people that have made a large multiple of money on this were those that knew it was a Pump & Dump (or had open minds to the words of people that did know) and sold it around Q1/21. Those that believed the words of the Hypsters and Shills (and are still holding their position from

[Mostlyserious]

You lead the way and show us that you loaded up in such a ridiculous premise, and we will enjoy the entertainment. Where is 3P? He use to hold interviews so often in the past.  I think I've see that the love fest with Agoracom ended but aren't there hundreds of other outfits that he could do an interview with?  

[BCONTVentures]

Great post jetpack, thanks for this.  It's interesting to note that the loan given (and subsequently repaid) in 2020 had a 12% interest rate (in a low rate environment).  The recent financing/private placement is at 3%, in a high rate environment.  Peter/PyroGenesis got a great rate at 3% in these times.  Interesting that Peter/PYR only chose to borrow $1.25 million at

[GrahamB]

as you say,"It's interesting to note that the loan given (and subsequently repaid) in 2020 had a 12% interest rate (in a low rate environment)." do you feel that it's appropriate that someone who would have a potentially conflict of interest since they had a majority share in this company, and then would loan them at these 12% rates, which would be higher than potentially might

[Uncleron]

What happened then ??...a contract for drosrite recovery systems was announced,  and the SP went from $0.19 to $6.4 that summer, as the rest of the markets tanked !...that's what happened...Next year it doubled to $12.4 a share on eager anticipation of all the 21st century gamechanging disruptive green plasma technologies that Pyrogenesis and HPQ are bringing to the planet....Today those