PGY pilot energy limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

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    The company's valuation without a partner wouldn’t justify a $10 million price tag, making it a highly risky proposition for the convertible note holders if that was their angle. Those note holders for any takeover would still need to commit to the TEG deal while also covering operational and decommissioning costs, which together would exceed $25 million.

    The challenge PGY now faces is that most equity holders are likely to exit immediately upon market open due to the company's current lack of communication. If they resume trading without any financing updates, I know I'll be selling everything.
    Last edited by GePembrok: 04/02/25
 
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Mkt cap ! $17.26M
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