TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 27, 2022 8:12am
526 Views
Post# 34924313
VISTON purchased the $ 900,000 PP from PQE (buyout to close)
VISTON purchased the $ 900,000 PP from PQE (buyout to close)PQE has an agreement in place with Viston that if in need of financing, the 1st choice goes to Viston.
VISTON has financed the $ 900,000 amount so that PQE can start operations and generate revenue.
VISTON is an unrelated third party to PQE.
Given that PQE and VISTON are somewhat on hostile terms, everything is done in distrust, hence the PP contains the words IRREVOCABLE, meaning that it cannot be cancelled.
VISTON most probably gave PQE permission to settle Cantone debt for shares.
The pp purchased by Viston lowers their over cost as they get the shares at 20 cents USD and, another batch at 27 cents USD.
This would also seem to indicate that VISTON is intent on closing out the buyout.
I suspect that perhaps the refusal of the notice relates to the SEC omission that was not declared on the form and, which Viston was upset about. If material information comes to ligth that was not declared on the notice, the notice could be refused. I suspect that this is the main reason.
My personal opinion,