Petroteq Energy Inc V.PQE.H

RE:VISTON options that are available

[CTM1967]

deepoil0808 wrote: It is clear from the CFIUS notice rejection that VISTON either did not provide all of the documentation or, did not answer all of their questions or, refused to cooperate.

The rejection is of the notice itself and, not a rejection of an acquistion which presents security risks to the USA.

An incomplete notice will be rejected.

It is clear that VISTON is not the real buyer and, the real buyer did not want to answer the questions or be identified with CFIUS.   Perhaps CFIUS could not trace from whom the funds were originating.

Now what are the possible options available to VISTON:

(a)  They can waive the need for the CFIUS approval and close out the buyout.    If CFIUS were to inspect afterwards they could not fine VISTON as application was made with them.    CFIUS would then check for risks to national security to USA and would find none.   If some risks were found, the VISTON could battle this out in court.

(b)  VISTON could divest of any US connections, in other words the UTAH land and proceed with the buyout.   The Utah land was worth $ 20 million, belonged to two Indians, one of whom owns 60% and had refused any work on his land.  All that remained is the 40% and you need a license there from USA.    Viston could take a writeoff on the $ 20 million and be done with USA.    Technology would then be used in Europe, in Canada, and around the world.  What is important is the IP.

(c)  VISTON could advance the funds to Cantone and have him acquire PQE.    Given that Cantone is an American there  is no CFIUS approval required.   The buyer instead of it being the numbered company would be Cantone.

(d)  Who knows......


One thing is for sure, PQE holds a very valuable IP that is wanted by a mysterious 3rd party.

Until this issue is resolved and we know of VISTON intentions, it would be premature to make any decision one way or another on a portofolio.

I do not believe that Cantone was kept in the dark, he must have been aware of this decision on Monday when PP was closed and PLAN B was put into place.

My personal opinion

agree people are going to get burned on the sell off my prediction price recovers and deal is made we just know tooo little at this point 
this is certainly a way to get 95%+ tender scare the livin bejesus out of people 
im holding and tendering!!!!