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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 > main point of this news
View:
Post by mingzhu on Aug 25, 2022 10:06am

main point of this news

"CFIUS' decision to reject the Notice submitted with respect to the Transactions does not, in and of itself, prohibit Viston and the Offeror from proceeding with the Transactions. Rather, without clearance by CFIUS, any decision by Viston and the Offeror to proceed with, and to conclude, the Transactions would be without the protection of a "safe harbor" that would otherwise prevent any future review of the Transactions by CFIUS or any determination that the protection of U.S. national security could require additional remedial measures, including potentially an unwinding of modification of the Transactions after they had been consummated."
Comment by Malpeque2 on Aug 25, 2022 10:22am
Yeah Yeah Yeah..........Petrotecq is now concerned about the buyer and their $$$.    Ie.....they don't have the $$$$ to consummate the offer.
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