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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 > Cantone PP is very BULLISH NEWS as he puts more $$$ in PQE
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Post by deepoil0808 on Aug 12, 2022 9:54am

Cantone PP is very BULLISH NEWS as he puts more $$$ in PQE

The PP was first announced on June 2, 2022 and it normally takes 30 days to close a PP.

PQE has delayed the closing of the PP to the end of August 2022 with Cantone.

The bullish news is that Cantone is still willing to load up on PQE at the equivalent of 27 cents per share.  It means that he expects approval, otherwise he would not throw his money away.

PQE has delayed the PP out of courtesy for Viston in not wanting to dilute the shares HOWEVER, they are playing hardball in sending a message to Viston to CLOSE THE DEAL soon if they want to save some money on the PP and, also a message that PQE will remain solvable in growing its business should VISTON deal closing of the deal further.

It strenghtens the bargaining hand of PQE.

What would be ideal would be for PQE to sign up a few more license deals with third parties in the form was was done with NETOIL.

Perhaps PQE is in discussions with NETOIL whom has the funds to make a competing bid.

You never know,

My personal opinion,
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