TSXV:PQE.H - Post by User
Comment by
hintonkidon Aug 05, 2021 12:44pm
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Post# 33655262
RE:New bidder for Petroteq
RE:New bidder for PetroteqI have a bit of a concern about the offer(s) in relation to the fact that the offers are still quoted in Euro's. One must consider the exchange rate in that as the Canadian $ declines then if the sale is carried out in Euro's then the buyer doesn't have to pay as much for the shares and the exchange rate between the 2 currencies would work to the buyer's advantage and Canadian investors would not get as much for their shares as they thought they would. In addition, the buyer would be able to aquire more than the 270 million shares as they would have more cash available to them to pick up additional shares at the lower net price. I would like to see the buyer's bid price converted to Canadian $ so that we would know exactly what we could actually be getting for our shares if an aquisition is executed. Right now the US$ is trading higher than the Euro in the currency markets. Does anyone else have any thoughts on this?