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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 12, 2022 6:59am
154 Views
Post# 34890664

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

RE:RE:RE:PQE news release final update prior to closing the deal
for those who are casting a shadow or doubt about the circumstances here one has to look at the raise and what is the objective which is for management to have working capital to sustain operations until the buyout takes effect. The only way that can happen is for the shares to be exercised at the .27 mark or higher so in essence while it is not guaranteed that should theoretically be the floor so if there are people looking to push prices down for whatever reason it is not in the company's interest for that to happen as they are in need of the money and will likely chew through the shares and with people likely either to sell or hold the price should theoretically at worse stay around .27 until the shares are chewed through or they will rise by the fact people look to get in before a halt with news stating the deal is finally done. The only thing that can spoil this is if either pqe or Viston does not want to honor the buyout deal. While this is nor 100 percent guaranteed and I have seen more and more breach of contracts that I did not think is possible they happen but having said that the odds are far better betting on things getting done than not. I am sharing my thoughts here as I said I strongly recommended this stock to people on two different boards but I will not disclose those boards because I want to stay neutral here and not here trying to so called pump where. If one pms ne to ask I will tell. I put this here appropriately so those who bought after I said you will need to weigh pros and cons and do your own dd can see my comments here if they may be temporarily down and why I would not worry on the basis of why I strongly believe the buyout is extremely likely but still a risk and to avoid cluttering those two boards as this was a pqe suggestion and should be here. Folks I myself and very tempted have been since low to mid .20s but I would need to give too many shares of stock from all my companies BUT one and that one company I said I would not leverage to get anything with them holding for a fairly high price that's all I will say so as to avoid stupidly disclosing one of two boards I recommended this company on so I have 0 financial thing at stake here however I do have a recommendation at stake where I did not make it for people to lose money despite saying they will need to make their own decision as to the risk. At the end of the day as I believe to have previously said and reiterated the only way I don't see the buyout happening is if either pqe or Viston dont intend to honor what is being worked towards. How all that will resolve when it happens as to processing payment to everyone is another story as to time. I don't know as monies is not free flowing with people buying and selling equities. I am hoping that is a fairly fast process. In any case I wish everyone all the very best and for the sake of my recommendation and not seeing people lose money I honestly can't wait to see the deal done and people who stuck it out be fully rewarded seeing their prize. I would not hesitate to recommend the stock with the usual caveat do your dd and think about the risks although I am not qualified to say anything and it was a mistake to share on the boards because if things sour people will likely blame as much as they will praise if things either didn't work or did respectively. I need to only share with those who will not and understand that there are always risks and stocks go up and down on a daily basis so this is not to be secretive jealous etc but rather not to bring bad feelings to me where only good intentions are there with my giving recommendations on things as I have said here have more likelihood of succeeding then not. I personally believe the deal will be done within this year no reason for this to drag and agree with the poster who said the same before mapleque said what he or she in their post to which I responded what I did. In any case, once again good luck all pqe and Viston it's time after all the drama just get it done boys.
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