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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 ScarletSpideron Aug 11, 2022 9:22pm
145 Views
Post# 34890270

RE:RE:PQE news release final update prior to closing the deal

RE:RE:PQE news release final update prior to closing the deal
I have 0 financial stake here and will continue to have 0 stake here however I am here asking this question mapleque 2 because I recommended this stock several times on two different boards and sadly when these were trading higher and then the closing of the June raise expected for August 22. My question to you is do you honestly think that a company like Viston offering less than 700 million if closing the deal will make 0 monies as to what I seem to gather from your comment of the value of license being 0 which quite honestly a couple millions is not huge in itself BUT validates the interest in the tech working. The value isn't in any license honestly speaking as far as I am concerned but in Viston honoring a .74 buyout and that too sooner vs later and having this fester which is not good for people who have been holding and taking a beating. If both pqe and Viston are being truthful to each other and everyone here this buyout really should close in a few months at best and no later than this year. Viston I am sure will make money from a tech not even costing 760 million otherwise I don't think with the number of shares outstanding they would make the offer so you know there is a need beyond simple interest so it goes back to both pqe and Viston finally closing the deal fulfilling their word to each other and the shareholders. Pqes job is to fulfill all requirements there is no more nor no less value here unless someone breaks their word and I for one will be very annoyed given I strongly recommended this company on two boards and don't want people who listened to lose monies so I expect the deal done successfully in good faith by both parties and people to be paid out what they expect to be there should not be any reason for it not to. But yes companies do all sorts of things and until the deal is signed sealed delivered there are still risks involved many of which have been systematically taken care of so either good faith and truthful dealings happen as they should or they don't and people who expected it will have every right to be very angry. I am routing for a successful .74 buyout here and so people can finally rest easy and move on after all the drama that seems to have gone on here. Good luck all. My interest is to see those who I said to check this out to make a double or near double as I said it should happen...fingers crossed.
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