"I think it is doubtful that HPQ could ever be sold to anyone but PYR unless PYR wanted it to be. Except for the mining interests Most of the value in HPQ is under the HPQ Nano umbrella which PYR has 50% claim to therefore PYR could easily out bid any other offer. Plus PYR has ownership of 14% of HPQ Silcon.

The new fumed silica venture appears not to be under the Nano umbrella. I don't think the exact financial arrangements on this have been finalized but I doubt they will weaken PYR's position."

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Can you explain your logic as to why this is the case? I only hold shares in PYR, but I think that the subsidiary of HPQ Nano could be sold off. I am not claiming that it will be sold off, or that I even think that it will but -- but it could be.

The reality is a major player could lock down company and absorb/hog all of the advantages. It would be costly, but taking over HPQ if everything comes to fruition, would effectively limit the availability of that supplier commercial advantage to the buyer only.

Again, not saying it will; but it can be bought out for the right price, and there is logic as to why a major player would want to lock down.................. and develop their vertically integrated chain.