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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

Comment by ScarletSpideron Mar 23, 2023 8:03am
176 Views
Post# 35355668

RE:This stock finished.

RE:This stock finished.I am not too thrilled that the company has to date not been successful in getting their shiate together in terms of filing their financials changing from gap to international whatever the rest was. I don't believe the company is done by a long shot but needs to step it up in filing so it can trade again on the Canadian Exchanges. I am still wondering what the fair size volume and higher price was in the over the counter state side reaching an equivalency of near 8 Canadian cents at peak but now headed back to around the Canadian 1.5 cents. This company really needs to think about consolidating on a 20 or 40 to 1 basis and then do the raise for 18 million. Who will want to buy it with 1.5 billion or so possibly more outstanding shares?  Maybe it would have been better the .72 Veston offer was done properly. I was loudly saying I hope they reject it here we are in obscurity. No matter what at the end of the day I want at least a buck a share equivalency meaning any amounts consolidated it equals the buck equivalency pre consolidation. I have a small allotment of 4000 shares so when all is said and done I am looking for $4000 whether this goes 20 to 1 40 to 1 consolidation...20/share 40/share respectively. If what is said is true about the tech as verified on a small scale limited run no reason the tech should not work on a full pilot commercial one. It would be great to see these guys get their shifted together I haven't as I said written this off by a long shot but it will be great to see it start to do something as they have had plenty of time to get the books in order. Let's see when they finally start trading on the Canadian Exchanges too for now .015 Can is quite the bitter pill for majority of retailers I suspect time for these guys to fire things up and get things going and done. 
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