Petroteq Energy Inc V.PQE.H

RE:RE:Shareholder Class Action Lawsuit needs to Happen Here!!

[Malpeque2]

I have been investing in Merger and Acquisition Arbitrage for 30 plus years.    NEVER seen a deal quite like this.    The "Loan Documentation" provided by the Offeror in their SEC filings looked Suspect to me.     Very little background info available on Roch and Viston,  and the bank   UniExpress.
The company PQE was a broken cease traded and nearly out of money TSX-V special.   I say "Special" because everyone Knows the TSX and the V,  and securities in general are full of frauds and scams.   This CORT teck looked like that to me.    I did not see ANYTHING about any of this that had any social redeeming value except possible this Cantone buyer in Florida,  ONLY IF he is truely a 3rd party unrelated to the old CEO/Chairman  Blumpkin.    They probably are "acting in concert" because Cantone has been hanging around the company with some of these convertible  debenture financings with conversion prices at or below 12 cents,  before the Viston offer was made. 

Anyway,  if anyone in Canada or US who holds or has held these shares for the past year or 2 or more wants to consider a Securities Class Action please message me under the Blue "Community" tab in the upper left of this Blog.      I will give you a few attornies that might be able to help here claim a recovery for all stockholders.   

Doug Worndl.    Of Rochon Genova.   [e-mail]     He did a suit for a shareholder before in Canada,    Donnybrook/Donnycreek spin off.   That one was settled for $5M give or take and the attorney got about 30% of the settlement on a contingency basis.  A big one his former firm did was Sino Forest.   

DeepOil is only somewhat correct.  PQE has not a lot of money.   Bumpkin now does.   The lawyers may be liable for gross negligence in not sniffing out ths "offer" and the CASH.  Possiblly Kingsdale as the agent for the offeror.    Possibly the auditors for not forcing PQE to write down the plant or the Utah leases for "impairment".    Possibly Viston,  Roch,  UniExpress in Europe.   Possible the officers/directors of PQE for not doing a better job of in regards to the offer. 

More probably would be people who were "acting in concert" with the Offeror.    This could include the   former officers/directors of PQE,  especially the former Chairman and CEO  Bumpkin.  Hard to say where this could lead,  and who could be liable.    There could EASILY be Puntative damages here for gross negligence or gross misconduct.