I would agree with coldandrich above.
I would say it's also a matter of very low volume and the order books are thin. Anyone who has even 50k shares and wants out is going to have a significant effect on the stock price.
At this point the market cap is roughly 59mm. I believe Peter owns more than 50% of the shares plus other insiders ownership and long term institutional holders likely means there is a very small float. Bad in situations like this but good when the news finally lands.
Personally I'm a bit worried it's being short attacked by someone who wants in on a cheaper PP if the payment doesn't come soon then eventually they may have to raise in a small PP.
I would be interested to hear Peters take on a theory of institutional short attack in efforts to raise cheaper.
I wish I could take part in a private placement for PYR. There are so many very viable business lines here that could be worth 9-10 figures longer term.
I'm especially interested in the nanometer silicon powder and future uses with HPQ and lithium ion battery advancement. I wonder if PYR has talked to Tesla about it or other car makers.
Exciting times for PYR.
FD: shareholder in PYR and HPQ.