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Petroteq Energy Inc V.PQE.H

Alternate Symbol(s):  PQEFF

Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.


TSXV:PQE.H - Post by User

Comment by deepoil0808on Jul 28, 2022 1:31am
216 Views
Post# 34855976

RE:Managements response

RE:Managements response 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, 
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