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Bullboard - Stock Discussion Forum 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... see more

TSXV:PQE.H - Post Discussion

Petroteq Energy Inc > PQE news release final update prior to closing the deal
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Post by deepoil0808 on Aug 11, 2022 10:38am

PQE news release final update prior to closing the deal

PQE press release was an update prepared for Viston and, for the shareholders.    It is also a thank-you and a goodbye letter from PQE prior to the deal being closed.

I think that Viston and PQE must have received verbal confirmation that CFIUS will approve the transaction and that the SEC file is closed.

The press release details the economic value of PQE intellectual property and it commerical value.  These values were at a discounted value.    VISTON gets the whole over the years, not at discounted value.

Plus the license deals will generate SIGNIFICANT RETURNS to VISTON making their acquistion less risky.

I am expecting CFIUS news anyday.    It does not have to be August 22.

VISTON may accelerate the buyout period by waving the rest of the conditions and changing closing date to say August 23, 2022. 

Congratulations to everyone,

So much for a scam....lol
Comment by Malpeque2 on Aug 11, 2022 12:53pm
DeepDuDU:    Just a regurgitation of all we already know.   Good luck.   Don't count your CASH just yet. Only you could take a Cow's CUD and spin it into a  rock solid guarantee that your gonna close. You do notice all the UP FRONT money these companies are paying for the CORT technology with the non-exclusive licenses to develop a plant.    ...more  
Comment by ScarletSpider on Aug 11, 2022 9:22pm
I have 0 financial stake here and will continue to have 0 stake here however I am here asking this question mapleque 2 because I recommended this stock several times on two different boards and sadly when these were trading higher and then the closing of the June raise expected for August 22. My question to you is do you honestly think that a company like Viston offering less than 700 million if ...more  
Comment by ScarletSpider on Aug 12, 2022 6:59am
for those who are casting a shadow or doubt about the circumstances here one has to look at the raise and what is the objective which is for management to have working capital to sustain operations until the buyout takes effect. The only way that can happen is for the shares to be exercised at the .27 mark or higher so in essence while it is not guaranteed that should theoretically be the floor so ...more  
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