Post by
deepoil0808 on Aug 09, 2022 10:12am
Bidding War: Netoil / Cantone / Viston
Looks like a bidding war is developping for control of PQE technology.
Given that PQE has signed an additional 2 licenses, making it 4 licenses in days, it does look like that NetOil came on their own and was not referred to by Viston.
This makes the playing field for PQE alot more interesting and it raises the risk for VISTON to act quickly.
If I were PQE, I would keep on signing licenses + royalty agreements around the world, which would force the hand of Viston to either close the deal or to have to pay more because stock price will rally past 74 cents with the signing of more deals.
The Netoil deal alone can bring us $ 225 million in yearly profits and, now we add Cantone.
I expect the signing of more license and royalty deals. It is what I would do and there is no condition imposed by Viston that PQE cannot sign deals.
I would not be surprised to see a NETOIL buyout offer presented.
My personal opinion,
Comment by
Malpeque2 on Aug 09, 2022 11:10am
Come on man........these were like the last license deals a week ago and the one or two before that. ZERO up front money. A few measly mouthed millions promised IF or WHEN construction starts. And Deepdudu wants you to think this CORT technology is worth hundreds of millions on this news. All smoke and mirrors my friends.