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Started By
Message
re: Pqeff: The Future of Refining Sand Wells
Posted on 10/28/21 at 8:13 am to DawgCountry
Posted on 10/28/21 at 8:13 am to DawgCountry
I got the same email this morning. Its a first for me so not sure how it all works.
0
Posted on 10/28/21 at 8:17 am to DawgCountry
quote:
TENDER OFFER for PETROTEQ ENERGY INC.
Told y’all we was gettin them tendies
Posted on 10/28/21 at 8:20 am to el Gaucho
quote:
Petroteq shareholders are advised to take no action in respect of the Offer until Petroteq's Board of Directors (the "Board") has made a formal recommendation to shareholders.
Petroteq cautions its shareholders and potential investors that there can be no certainty that the Offer will be supported by the Board or that any other strategic transaction with any other person will be pursued by Petroteq or ultimately completed. The Board is reviewing the Offer and will make its formal recommendation in response to the Offer as required by applicable securities laws.
Consistent with its fiduciary duties, the Board will evaluate the Offer and Petroteq's options, including continuing to operate the business to drive shareholder value and potentially exploring possible alternative transactions.
The Board continues to believe Petroteq is well positioned to be an industry leader with its one of a kind oil sands extraction technology.
This post was edited on 10/28/21 at 8:22 am
Posted on 10/28/21 at 9:36 am to DawgCountry
This may be a dumb question, but would current leadership be able to make the takeover more difficult by diluting shares? Is that a possible explanation for the stock price remaining much lower than the offer price?
Posted on 10/28/21 at 9:38 am to WDE24
I told y’all to trust the plan
Posted on 10/28/21 at 9:38 am to el Gaucho
making a nice run now!
Posted on 10/28/21 at 9:42 am to DawgCountry
Posted on 10/28/21 at 9:46 am to el Gaucho
Really late to the party here. And everytime that happens I get fricked, bad. Any insight on if it’s worth still getting in or should I sit this one out, much appreciated. And have granny’s mason jar canned fruits for you should you come by the Oconee Mountains to celebrate the depression.
Posted on 10/28/21 at 9:51 am to HalfCocked
these micro cap stocks are always risky, but if you believe $.60 offer is the low end, then there is a lot of room to grow here.
Posted on 10/28/21 at 9:52 am to HalfCocked
It is still a third of the offer price by the group trying to take control. They think it must be worth many times that or they wouldn’t take the risk. It’s a Penny stock, so it’s a risky play, but clearly the tech is legit if someone has secured $400 million+ to try a takeover.
This post was edited on 10/28/21 at 9:53 am
Posted on 10/28/21 at 10:02 am to WDE24
You in?
Posted on 10/28/21 at 10:03 am to Hogwallop
Yes, but don’t follow my lead. I’m not knowledgeable enough to give advice. I’ve only got a little less than 15000 shares. Others here have much more invested.
This post was edited on 10/28/21 at 10:05 am
Posted on 10/28/21 at 10:15 am to WDE24
I've been in since start of thread. looking for spot to sell 50%,maybe
Posted on 10/28/21 at 12:03 pm to DawgCountry
Fidelity sent me the same email, I'd never seen anything like that so I called them. The lady I spoke with didn't have much knowledge of what it all meant, after being placed on hold several times she basically said the process that triggered the emails was a new process and that they would be sending out more information as they got it. I have several thousand shares at around .15, like others I can't understand why the price is at .22 to .23 if they have an offer for .60. Seems like it would be a no brainer to load up and get 2.5x your money min. What am I missing?
Posted on 10/28/21 at 12:06 pm to TxWadingFool
“Sir I’m sorry I don’t know what the letter means, most of our clients don’t invest in retard message board penny stocks like you do.”
Posted on 10/28/21 at 12:12 pm to el Gaucho
anthem of the MB
Posted on 10/28/21 at 12:27 pm to el Gaucho
Pretty much
Posted on 10/28/21 at 12:50 pm to WDE24
plot twist
el gaucho is trying to take control and sent a troll letter to the company only to back out after the price hits .6
el gaucho is trying to take control and sent a troll letter to the company only to back out after the price hits .6
Posted on 10/28/21 at 12:57 pm to Pezzo
Posted on 10/28/21 at 1:06 pm to NOLAGT
There's no way I'm the only one who read the attached offer and document?
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