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re: Pqeff: The Future of Refining Sand Wells

Posted on 8/23/22 at 1:09 pm to
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1278 posts
Posted on 8/23/22 at 1:09 pm to
Good Lord what is taking so long
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 1:00 pm to
Biden saw my name on the list
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 8/24/22 at 1:06 pm to
Got to think something is released after hours today, right?
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 1:09 pm to
No

Pqeff dead fam
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1278 posts
Posted on 8/24/22 at 2:07 pm to
Pull yourself together man!
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 2:55 pm to
It’s joever
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 4:11 pm to
Dang rip what does the press release mean
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30541 posts
Posted on 8/24/22 at 5:16 pm to
quote:

On August 22, 2022, the United States Department of the Treasury notified the Offeror and Petroteq that CFIUS has rejected the Notice. Viston and the Offeror are currently assessing their options.


Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 5:23 pm to
Where is disease free for all
Posted by Diseasefreeforall
Member since Oct 2012
5499 posts
Posted on 8/24/22 at 5:34 pm to
quote:

Where is disease free for all


Right here. I sold some Monday but I should have sold more so likely a dumb move in the long run. That's what I get for thinking I had inside info about sentiment regarding the deal from conversations I had with Petroteq brass.

Sounds like Viston either fricked up the filing or filed something that CFIUS found out was bullshite.

The question now is whether Viston wants to move forward with taking a chance on closing the deal without CFIUS approval. I don't see them going through the CFIUS process again because Petroteq will definitely dilute more while that's happening because they need cash.
This post was edited on 8/24/22 at 5:36 pm
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 5:36 pm to
I shoulda sold at 40 rip
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 5:38 pm to
You think there’s any chance this still goes through
Posted by Diseasefreeforall
Member since Oct 2012
5499 posts
Posted on 8/24/22 at 5:40 pm to
quote:

I shoulda sold at 40 rip


Yeah, I thought about dumping it all for a 7 cent profit when it hit 27 cents last week but stopped when dropped back down to around 22 cents just after. I'm not saying it's over for good but it's looking bleak and pigs get slaughtered. I'm expecting the bids to open around 12 cents tomorrow.
Posted by Diseasefreeforall
Member since Oct 2012
5499 posts
Posted on 8/24/22 at 5:43 pm to
quote:

You think there’s any chance this still goes through


I think there's a chance, Viston has stayed for this long, it's been over a year since their first bid for 120 million euros worth of shares, but if they bypass CFIUS the govt can scuttle the deal and if they try CFIUS again Petroteq will dilute while it's happening and the buyout price will rise. So the odds of it happening have gone way down.
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 5:48 pm to
But Pqeff is Canadian
Posted by Diseasefreeforall
Member since Oct 2012
5499 posts
Posted on 8/24/22 at 5:52 pm to
quote:

But Pqeff is Canadian


Edit: You are correct but they have significant operations in the US.
This post was edited on 8/24/22 at 6:01 pm
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/24/22 at 6:05 pm to
Idk it’s gonna crash tomorrow

Hope they say something
Posted by WDE24
Member since Oct 2010
54132 posts
Posted on 8/25/22 at 8:33 am to
So do we still think the tech is valid? If so, should I take my gains and get back in when it hits a nickel?
Posted by el Gaucho
He/They
Member since Dec 2010
52927 posts
Posted on 8/25/22 at 9:05 am to
Bruh

Cmon man

This post was edited on 8/25/22 at 9:08 am
Posted by NOLAGT
Over there
Member since Dec 2012
13501 posts
Posted on 8/25/22 at 11:06 am to
Well shite this isnt any fun Its only a loss if you sell so Ill just hang out and see what happens next.
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