Petroteq Energy Inc V.PQE.H

Alternate Symbol(s): PQEFF

Energy Oil & Gas E&P

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

Petroteq Energy Inc > Shareholder Class Action Lawsuit needs to Happen Here!!

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Comment by Malpeque2on Aug 31, 2022 1:50pm

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Post# 34933041

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

Totally not true. They make recoveries. Take usually 30% on contingency. Only IF they win.

You could also google Morgan and Moran in the U.S. On their webiste under Business Practices Group. Then Shareholders/Minority Shareholders/LP's. I don't know IF they do Securities specifically but they are BIG, and have a lot of lawyers on staff and under farm out contracts. This is a BIG fraud and they might see it big enough for them to get involved.

I think it's possible all those lawyers that vetted and got involved in this deal for their "fees" from the Offeror Viston and the company, PQE might be liable here for gross negligence.

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