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agoracom.bsky.social @agoracom.bsky.social
Jul 11, 10:29 AM

HPQ Silicon and PyroGenesis split HPQ Silica Polvere Inc 50/50. No royalties. Shareholder agreement nearly done. A spin-off is one option once both owners are in place. Issued on behalf of HPQ Silicon Inc. (TSX-V: HPQ) (OTCQB: HPQFF)

🎤 Whisper Transcript (en) ⏱ 93s

"Actually, it's funny. We had some internal discussion when we debate about, you know, the press release about this Somebody said shouldn't put about it. But the key point is I keep getting questioned about when's that gonna happen. All right But there's fundamentally not too many things to negotiate regard to the contractual. The contract is very clear We don't pay any royalty and they get 50-50. So they give up their 10% You know life cycle royalty lifetime royalty on the sale of material and We split 50-50 we own 50-50 what took longer was a series of accounting Legalistic things and now we're just finishing what's known as a shareholder agreement between the two parties as Regard to a spinoff. Okay, the company was always structured to be potentially a spinoff But that will be a joint discussion between the two owners once that is done That could be an option that could be we could bringing a third party into it There's many things to discuss but that's where it is. So the key point is That's another one of those things that started a long time ago and we wanted to do that and then Some unforeseen accounting Legalistic financing issues made us have to wait until we reach this point So we're now there If you love this small cap 60 clip smash that like button drop us a comment and share it to fire up that engagement Algo, so other investors can discover this company"

💬 Discussion

agoracom.bsky.social @agoracom.bsky.social · Jul 9, 06:31 PM

HPQ Silicon and PyroGenesis split HPQ Silica Polvere Inc 50/50. No royalties. Shareholder agreement nearly done. A spin-off is one option once both owners are in place. Issued on behalf of HPQ Silicon Inc. (TSX-V: HPQ) (OTCQB: HPQFF)