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Started By
Message
Posted on 1/4/22 at 2:58 pm to el Gaucho
quote:
Cmon guys apes together strong
Ain’t selling or tendering shite.
To the moon or bust!!!!
Posted on 1/4/22 at 3:07 pm to ATOlurker
quote:
Message
Pqeff: The Future of Refining Sand Wells by ATOlurker
I don't know. Looks like once I accepted the tender offer it locked my shares so I can't do anything until after 02/07/2021 date even if I wanted to set a stop loss or anything.
It is possible to get tendered shares returned if you want.
Posted on 1/4/22 at 3:52 pm to Hogwallop
StockTwits says if you don’t tender you just get stuck with private shares
Posted on 1/4/22 at 3:55 pm to Hogwallop
So, I tendered mine. Question is should I buy more to tender? ....with the support of the existing management, seems likely that the privatization of PQEFF is going to happen...
Posted on 1/4/22 at 4:17 pm to Bit
quote:
with the support of the existing management, seems likely that the privatization of PQEFF is going to happen...
What happens to my PQEFF shares if/when this happens?
Posted on 1/4/22 at 6:18 pm to white perch
Ok, so I called Fidelity and got some info.
Informed that I had up until 7 p.m. on 02/02/22 to accept or decline the offer.
Also told that if I tender my shares at this time, I could always change my mind up until the date and time above. HOWEVER, once I had tendered them, I can't sell the shares.....unless I specifically call and "de-tender" them before the above date.
So, I've decided to just set an alarm on my calendar for the end of January and decide at that point.
If it keeps flying, maaaaaaybe it hits .59 or beyond. Then I reevaluate. Or it could sink back down and the offer is rescinded. At that point, it's worth a lot less.
Do your own DD and I'm not your financial advisor, but that's my side of it.
I only have 323 shares, so this is a chance I'm definitely willing to take. Not much skin in the game here, so I'm treating this as a learning experience.
Informed that I had up until 7 p.m. on 02/02/22 to accept or decline the offer.
Also told that if I tender my shares at this time, I could always change my mind up until the date and time above. HOWEVER, once I had tendered them, I can't sell the shares.....unless I specifically call and "de-tender" them before the above date.
So, I've decided to just set an alarm on my calendar for the end of January and decide at that point.
If it keeps flying, maaaaaaybe it hits .59 or beyond. Then I reevaluate. Or it could sink back down and the offer is rescinded. At that point, it's worth a lot less.
Do your own DD and I'm not your financial advisor, but that's my side of it.
I only have 323 shares, so this is a chance I'm definitely willing to take. Not much skin in the game here, so I'm treating this as a learning experience.
This post was edited on 1/4/22 at 10:45 pm
Posted on 1/4/22 at 8:40 pm to el Gaucho
quote:I was answering about shares already tendered. If a person has already tendered, they still have the option to get them back before February.
StockTwits says if you don’t tender you just get stuck with private shares
As far as getting stuck with shares if/when it goes private. I think viston must offer to purchase outstanding shares for ten days after execution date. I could be wrong though
Posted on 1/5/22 at 5:57 am to Hogwallop
quote:
As far as getting stuck with shares if/when it goes private. I think viston must offer to purchase outstanding shares for ten days after execution date. I could be wrong though
Section 12(acquisition of common shares not deposited) of the petroteq offer circular covers non tendered shares. My quoted post may not be 100% accurate. I suggest a reading of that section for anyone considering holding past Feb 7.
Posted on 1/5/22 at 6:17 am to Hogwallop
I've also seen mention of when to tender. It's my understanding that Viston can pull the offer at anytime before 50% is tendered. Viston can also stop the tendering process at anytime before February 7 if they get their 50%.
It's been a while since I read the entire circular. It's possible I'm not remembering correctly or initially misinterpreted.
It's been a while since I read the entire circular. It's possible I'm not remembering correctly or initially misinterpreted.
Posted on 1/5/22 at 11:13 am to Hogwallop
Finally tendered mine. Took 2 minutes once I got through. Would be looking at 4.5x, so not bad at all.
Posted on 1/5/22 at 6:53 pm to el Gaucho
quote:
I would take 58
That’d be more than 100k for me
Board said take the money and run. Looks like you'll be getting that $100k unless the buyers back out.
Posted on 1/5/22 at 6:59 pm to NOLAGT
quote:
Yep Goucho is the sole reason I grabbed
I picked up some because of Gaucho. I read about the technology and really like it. Glad the buyout will speed up the return on this one. I think it goes up higher than $.58, but it would take years.
Posted on 1/5/22 at 9:00 pm to Bit
Thanks Gouch! tendered my 100K share position, hoping for a decent payday. Winning>>losing!
Posted on 1/6/22 at 7:53 am to BigDropper
Gaucho, I'm curious, how did you find this one?
Thanks
Thanks
Posted on 1/6/22 at 8:29 am to ThermoDynamicTiger
Somebody posted about it on Reddit when it was 7 cents then it went up and I bought
Shoulda bought at 7 cents
Shoulda bought at 7 cents
Posted on 1/6/22 at 9:30 am to el Gaucho
So is the play to just sell it at that $0.70ish offer and run?
Posted on 1/6/22 at 10:27 am to ShootingsBricks4Life
quote:Yes. But note that the .70ish offer is in Canadian dollars and is roughly .59 in USD.
So is the play to just sell it at that $0.70ish offer and run?
This post was edited on 1/6/22 at 10:28 am
Posted on 1/6/22 at 11:10 am to ShootingsBricks4Life
quote:
So is the play to just sell it at that $0.70ish offer and run?
It's a hell of a return, so I don't see why anyone wouldn't take it.
Posted on 1/6/22 at 11:43 am to Chucktown_Badger
It's not a guaranteed return.
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