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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 > Per CFIUS: These are reasons why a notice is rejected
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Post by deepoil0808 on Aug 24, 2022 11:18pm

Per CFIUS: These are reasons why a notice is rejected

REJECTION OF A NOTICE OR DECLARATION

Under 31 C.F.R. § 800.406 and § 800.504, and § 802.404 and § 802.504, CFIUS may also reject voluntary notices or declarations in certain circumstances, such as when the voluntary notice is not complete, when the parties do not respond to follow-up information requests within the required time frame, when there is a material change in the transaction, or when material information comes to light that contradicts information provided in the notice by the parties.

https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius/cfius-overview

=======================================================

It is obvious that the acquistion of PQE does not pose a security risk to the United States, this point was not even reviewed by CFIUS nor presented to the 12 branches of government.

The notice was rejected because:
- the notice was not complete
- no response to information requested within required time frame
- when information contradicts what is in the notice

The acquistion itself was not rejected. 

It is obvious that the real buyers did not want to cooperate with CFIUS, hence the rejection or, it was PQE that was not responding to the questions as acquistion is HOSTILE.

I understand why there can be hostility because PQE can easily license out their technology and earn hundreds of millions of dollars per year.    They are giving it away for cheap at 74 cents and they know this.

Cantone owns about 150 million shares of PQE, it would not surprise me that he presents a bid for the company as it fits his long term strategy.

My personal opinion,

Comment by Malpeque2 on Aug 25, 2022 6:30am
What if the U.S. Govt figured out like about everyone else that the whole thing from Cantelope to Bumpkin to Viston t0 the UniBank Express debit cards for $400M Euros to the fake insurance indemnity letter,  to people pushing a Pump and Dump scheme on blogs and chat boards,  was a FRAUD? 
Comment by BigDaddy17 on Aug 25, 2022 9:43am
What was the point of it all then malpeque? A ton of time and money knowing it wouldn't pass but for what gain? 
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