They could of done it differently with say just $2-3M snap placement when they had the opportunity - $2M CaB today + $2-$3M placement opportunity missed + R&D rebate to come $2-3M would of got them through to option expiry and the $10M+ if they were building the company to the right price to see conversion but I assume Hockings holding the vast majority has no interest in paying the $0.08 conversion and again just after cheap stock. A lot of same old same old here I hope they forget about things like comparing themselves to peptidream as their closest peer lol they are miles apart in the ability to build value - polar opposites - Peptidream shaved off less than 20% of the company for $50M+ and they as of today have just done a stock split - their long lost brother have just again blown out the registry 2 fold - so since that comparison PYC has gone from 400M shares to 2B shares for what $16M ? lol and apparently NW & PW getting moved on was the answer I'll be applying for overs but more than likely just dump everything on the inevitable post EI pump unless something of substance comes to light of course its an "exciting" story they have now but it always is until it fades and is replaced by the next "exciting" story - rinse repeat rinse repeat rinse repeat.
PYC Price at posting:
1.3¢ Sentiment: None Disclosure: Held
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I'll be applying for overs but more than likely just dump everything on the inevitable post EI pump unless something of substance comes to light of course its an "exciting" story they have now but it always is until it fades and is replaced by the next "exciting" story - rinse repeat rinse repeat rinse repeat.
(20min delay)