Many options available on BUYOUTThe IP held by PQE is very valuable. Here is what their costs and profit looks like from CORT technology:
Sale of barrel of oil; $ 100 per barrel
Cost of barrel of oil 25 per barrel
Profit per barrel $ 75 per barrel or, 300% of what it costs you.
This is MASSIVE profits.
A 5,000 barrel per day yields profit of $ 136,875,000 per year, at 10,000 barrels per day it is $ 273,750,000 per year.
A major player that can do 50,000 to 100,000 barrels per day brings in an INSANE AMOUNT OF CASH.
Lets not forget that PQE does have 4 licenses to date which will bring in: $ 16 million USD or, 20 million Canadian
+ 5% per barrel or $ 5 per barrel of oil. So say 50,000 barrels per day at $ 5 is $ 91,250,000 in profits.
The MAJOR BUYER behind VISTON sees all of this and are no fools. They see big $$$$$.
So there are some options option to them:
(a) Close the buyout deal without safe harbor and deal CFIUS if they come knocking on the door
(b) Dispose of Utah licenses + close office in California and no more CFIUS review, buyout can be completed
(c) Buy the IP from PQE and, then PQE distributes funds to shareholders (a return of capital + dividend)
(d) Acquire over 90% of the PQE shares and make the corporation private - not subject to CFIUS rules
(e) Re-apply with CFIUS by clearing up funding issue and who is funding the purchase, extend buyout offer.
(f) Have Cantone - an American - buy the company, acting in interests of major player, no CFIUS review
etc......
VISTON has proven that they are comfortable within a hostile or difficult environment and, will not walk away.
They will find a way to acquire PQE.
My personal opinion,