PyroGenesis Inc T.PYR

Line of Credit Question

[Melida]

Someone asked how Pyro could secure a revolving line of credit when Mellon has first security against all moveable property.  This could happen any number of ways depending on the circumstances.  

Mellon's security is convertible, so, as part of the set up of the line, Mellon converts its security to equity, thereby allowing the line of credit to take a first security.  Given the relationship between Mellon and Pyro, I don't think that's going to be a problem.

Another possible way is to have Pyro pay off Mellon by using the newly established line of credit itself.  This gets Mellon out of the way and would allow the line of credit lender to take first security against the moveable property.  This is done all the time.  Pretty simple. 

In any event, I don't see what all the interest by posters is all about.  Upon big contracts being entered into funding them can be straightforward.  The lawyers and accountants get together and sort it all out.  This is just the conduct of business in the normal course ...

And yes, while big contracts are not guaranteed, just review NRs from the last 6 months or so.  There are too many really good things going on to be unduly negative, as some shorty posters are.

[Uncleron]

Great post Melida, the shorters have to push their negative agenda , no matter what!...Anything to make a dollar..No class liars....Best remedy is to put them on ignore  ASAP...Pyrogenesis has made huge progress since selling waste disposal systems to the US Navy aircraft carriers...A massive endorsement of Pyrogenesis gamechanging plasma technology...That means the US Navy did their due

[Mostlyserious]

Fantastic!  Liquidity concerns solved.  Need money, just go to the bank and get a line of credit.  I don't know why they did not do this the last half decade when interest rates were pittens.

[StairwayTo]

And secure that line with the account receivables.   LOL !