TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 25, 2022 12:20pm
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Post# 34920094
VISTON is a front for a MAJOR player (buyout will be done)
VISTON is a front for a MAJOR player (buyout will be done)It is obvious to everyone that both Viston & Uniexpress are a front for a MAJOR PLAYER who wants the PQE IP property.
I believe that this was the issue with CFIUS in tracing the source of funds - where is the money coming from?
The PQE press release states that ACQUISTION CAN BE CLOSED without safe harbor protection. So deal can be closed on September 9th.
PQE wants to be shown proof of funds to continue support this deal. I think this is not the major obstacle as it is easy to do for Viston. Mysterious buyer can show proof of funds while keeping identify quiet.
Remember that the PQE IP is very valuable, it costs $ 25 per barrel to get a barrel of oil which you then sell at $100 per barrel. These are huge margins. Plus you get energy independence and done in an eco-friendly way. It is powerful technology.
Given that NETOIL signed with PQE I would think that the mysterious buyer would be in the Middle East, perhaps even Saudi Arabia, maybe it is some sheiks not wanting to be known.
My personal opinion