Re: financing

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Hilbertk

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Re: financing

in response to

Re: financing

fkdy1985

posted on Jul 18, 2018 08:39PM

Fkdy,

That is a possibility with dilution from the strategic investor. Another potential scenario would be that PYR is that strategic investor.... I still don’t buy the explanation that second PP for PYR was for general operating expenses. If it were PYR then it could be a larger royalty which wouldn’t dilute. If that second PP occurred today, I would buy the argument it was for general operating given that the sales have been a bit slower than we all hoped. It was so close to the first PP and before the convertible debiture financing, that I believe it was earmarked for something else. The 1.7 mil required between July and December is awfully close to that 1.8 raised in the second PP.

There are a few scenarios that could play out regarding how the deal was structured. If it’s not PYR and someone else, then we definitely see dilution. IMO