The 50% ownership trigger option is more a "poison pill" meant to prevent shock buyout attempts from outside entities, who will be far less likely to attempt a buy if there's a lurking 50% ownership transferable to another company. Would likely never be triggered otherwise (unless of course HPQ themselves want to sell all of HPQ Nano in a friendly buyout, in which case PYR would likely engage).

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Hi Peter

Congratulations to you and your team for the great development at Pyro and HPQ. 

What will PyroGenesis do with its 50% stake in "HPQ Nano Silicon Powders inc" if the 10% royalties are converted to a 50% share? 

I think "HPQ Nano Silicon Powders inc" will become more and more valuable but will not unfold its full value within PyroGenesis. 

best regards, Octavius