Petroteq Energy Inc V.PQE.H

RE:Managements response

[deepoil0808]

It was unnecessary and childish for PQE to provoke Viston with the comments that following the shareholder vote management is eligible to compensation (meaning shares, bonus, etc...)

They used the word ELIGIBLE, which does not mean that they are giving themselves shares or bonus.

PQE wanted VISTON to know that they have a RIGHT to this, like poking it in their face.

I would not have put that in the press release as VISTON already knows of that possiblity, that is why they gave LOI in place.

I know that PQE is frustrated with this whole process as it has been one (1) year and they want it closed. 

The way it is now is that PQE is chained down by SEC, by TSX and, by VISTON with their demands.

So not surprising to see a little pushback from PQE.

What is important is what PQE did do and, that is to cancel 4,250,000 options.  

If I were Viston I would be happy with that, less shares to buyout.

In any event, this is a very UGLY and HOSTILE BUYOUT, but it will close because PQE has something very valuable and unique that VISTON wants and knows is worth alot of money.

Ignore the drama and look at the actions.   PQE cancelled options and PQE did not issue any shares to management.   

It is bullish.

My personal opinion,