PyroGenesis Inc T.PYR

The "warrant financing" has completely backfired

[tamaracktop]

Had the company been able to shorten the warrant expiry to 30 days from yesterday, then all of the warrants would have been exercised at expiry so long as the stock remained above 75 cents.

The company would have brought in $3 million in one month from now by virtue of a "forced" conversion. 

Since it appears now that the conditions weren't met during the applicable time period, there are now 4 million warrants outstanding exercisable at 75 cents for the next several months, in fact some are "live" until July 21st, 2025.

This means that whenever the stock moves higher, anyone with warrants can exercise them and simultaneously sell the stock whenever they find the spread appealing.

The company will still get the money from the warrants, but it won't be $3 million in one fell swoop.

And 4 million warrants excercisable at 75 cents creates a supply of 4 million shares at prices from here to a dollar.

This "strategy" by management has blown up in their faces.

[Holdrrrr]

This is the EXACT reason why YOU run a 100 million dollar high-tech plasma company, and they don't. You never fail to impress.  Great work Einstein.

[HARJAY]

i guess the co. didn't feel they needed to accelerate the warrants after the last amts. of money came in.and they stll know that the people holding those warrants will exercise them as the s / p rises to a level that makes them more favourable  to exercise. Its like hving a line of credit when needed.     

[filoux004]

Line of credit...provided the stock stays above .75. Tx glta and DD

[tamaracktop]

"Its like hving a line of credit when needed." This statement is completely false. A line of credit can be drawn upon at any time, when needed. Pyrogenesis can't force warrant holders to exercise their warrants when Pyrogenesis needs cash. Another patently false claim that nevertheless draws plenty of applause. 

[Melida]

How many warrant holders agreed to the amended terms?  

[HARJAY]

top I 'm sure everyone else understood what i meant , you either didn't comprehend or jst chose to manipulate and twist my comments to perpetuate  your negative agenda

[GrahamB]

well, well well. Isnt that rich. "The pot calling the kettle black" Harjay adds to this , the characteristic of being no accountable for his/her statements, and denial. Manipulation, deceit, and denial

[Holdrrrr]

GrahamB wants to talk about "accountability".  Well I suggest you start with the grand wizard and king of xebec tamaracktop who was telling people directly to sell the stock at 40 cents and take a huge loss and miss profits. I don't recall harjay ever barking at others to execute trades. "Accountability".