Petroteq Energy Inc V.PQE.H

RE:RE:RE:RE:RE:Petroteq & Valkor

[stockshack]

The technology is not a fraud. The Chapman Engineering Company conducts an economic viability study for Petroteq’s CORT technology, officially declaring it economically viable for commercial scaling. Problem is, it's capital intensive and deep pockets are needed to build plants large enough to create the economic scale needed for profit. We're talking many 100s of millions. Until then Petroteq will have to keep the lights on. 

ScarletSpider wrote:
yeah it is fraud. Every company is under the auspices of saying we believe expect anticipate etc . The company flat out said the tech works that's a definitive claim and with that if that is a wrongful claim the SEC has been sleeping and should halt the stock until it fixes the write up. I was invested with xmg minerals quite some time back and it claimed its extraction process works this was not independently verified and they were halted to fix their write up. There is no excuse for not putting the correct facts especially when you have safe harbors to say you are working towards something which needs to be conveyed to everyone as they are assessing whether to buy on these facts there should be 0 tolerance here. So this is either fraud as it stands or fact. As far as the exchange is concerned they cover themselves so despite actually having a responsibility to clamp down on companies from making claims which are not true you read their caveat excusing themselves. So we each take our chances regardless that being said fraud is still fraud and misleading claims is fraudulent I know the companies know better than that and many continue along because the Exchsnge is damn lazy and doesn't check unless there is lot of noise even then they don't again fraud is fraud regardless. As far as oil falling out of favor what does that have to do with writing proper information? Absolutely nothing. This is why one poster commented the market is not impressed without transparency on oil production. So like I said either this company has been deliberately lying committing fraud or it has proven tech to some level or the other...it can't be both!!! Anyways I will not post beyond this how people see what is going on here. I will personally handle my shares as I need to but that doesn't mean I don't expect companies to be truthful they need to be whether the exchange comes down on them or not. I actually increased my shares here by more than 3 times so I have to now handle what I need to how I need to the least of which as I said I expect this company to state things properly. If there isn't a proven tech say so we believe we have a tech that can help curb ghg and working hard to bring it to commercialization or we have proven technology when assessed as such and such and achieved excellent initial response and look to ramp up by building a plant etc. There is 0 reason or justification for doing otherwise. As it stands the way I have understood the press is it has a proven tech on the most rudimentary level if not say we are developing it and it holds promise. All this other talk is garbage distracting subterfuge as far as I am concerned. Again my opinion only and I will not be debating it as I had a similar thing over at another junior. The bottom line is this caveat emptor that's it companies are getting away with things the lazy SEC exchanges cover in their caveat as to what we agree to when we decide to gamble our hard earned monies and why I said elsewhere it is extremely difficult for retail shareholders to sue anyone and walk away with anything. Our only defense is to trade shares that work most in our favor and accept whatever happens but one last time fraud is fraud period so either this has been fraudulent or it has not.