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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

Post by Malpeque2on Aug 07, 2022 8:15am
223 Views
Post# 34876969

Not short. Not long. Not a former disgruntled anything.

Not short. Not long. Not a former disgruntled anything.You don't believe me.    I check EVERY cash merger/arb buyout deal in North America.   Every one gets at least a check of the "discount".    The larger the discount they more research I do to see what are the reasons for the discount and what are the chances of it actually closing. 

HSR/FTC/DOJ can be a problem in America.  CFIUS usually is not.....     Except we have near ZERO public info on the buyer Viston and Roach,  and it has been this way from Day 1.

Money for the cash offer can sometimes be an issue.  Most times a Tender offer the buyer is MUCH larger and has the cash on the balance sheet or can be financed from their existing credit lines.   It's usually a much larger corp buying a smaller one to do a tender.   Tender's are quick too...........usually.   You do not tender unless you see a quick close.     For PQE there was a tender last April  from some German entity that was hard to figure who they were.   It lacked transparency.   On the german exchange.    They tendered at a lower price and got very few shares,  even though that price was much higher than the stock price at that time.  It did not close.    I figured it looked suspicious why tender for a company in Germany who is domiciled in Canada,  has assets in US,  and trades primary exchange TSX-V and  OTC.    And trading has been halted?

The reason to tender is to hoover  up the few shares that are actually owned in Germany by German investors,  at lower than the tender price,  where it did trade,   and then be able to dump those shares on YOU when the main event came along later in 2021.    It was an attention getting strategy for the shares in Europe.

Anyway,   I have put a lot of hours into researching this deal because the discount was and is so large,  becasue of the large potential fro profit.    I think you are not going to close and the shares will be under 10 cents again someday soon.   GLTA,   and an interesting one for sure!
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