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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 deepoil0808on Aug 26, 2022 10:49am
222 Views
Post# 34922464

Viston will now be able to get over 90% shares tendered

Viston will now be able to get over 90% shares tendered With the recent CFIUS approval notice rejection  and one must ask whether it was done on purpose strategically in order to get over 90% of the shares tendered so that mysterious buyer can take PQE PRIVATE in addition to reducing their overall acquisition cost by buying shares on the open market cheaply.

Buyout has not been cancelled, still on for September 9th and PQE has not changed its recommendation.

Therefore come September 9th, VISTON will close out the buyout.

PQE shareholders will tender 95% of their shares.    Mystery buyer takes company PRIVATE and, closes US offices.

No danger of CFIUS review and, IP can then be used around the world discreetly, bringing in MASSIVE PROFITS.

PQE is there for the taking for this mystery buyer.

My personal opinion, 
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