Petroteq Energy Inc V.PQE.H

New bidder for Petroteq

[Blackwash]

New bidder forPetrotec, posted on TOM LSE and PQE Reddit sites Balmoral Investments Limited Leeds Voluntary public tender offer to the shareholders of Petroteq Energy securities identification number A2DYWC, ISIN: CA71678B1076 Balmoral Investments Limited, Leeds, offers the shareholders of Petroteq Energy to acquire its shares (WKN A2DYWC, ISIN: CA71678B1076) at a price of EUR 0.66 per share. The offer is limited to 3,000,000 shares. For larger quantities, please inquire. Minimum purchase: 1,500,000 shares. In all other respects, acceptance shall take place in the order in which the declarations of acceptance are received. The offer ends on 03.12.2021, 18:00. (CET)

[Blackwash]

The assumption is there is a typo in the qty of shares they are seeking to buy and it is 300m not 3m. Bit of a schoolboy error in an announcement like this, makes you wonder what type of outfit they are that they get this type of thing wrong when approving the text before release.

[hintonkid]

I have a bit of a concern about the offer(s) in relation to the fact that the offers are still quoted in Euro's.  One must consider the exchange rate in that as the Canadian $ declines then if the sale is carried out in Euro's then the buyer doesn't have to pay as much for the shares and the exchange rate between the 2 currencies would work to the buyer's advantage and

[bayoubucks]

Where did you get the idea the USD was higher than the Euro?  It's .85 Euro's this morning.