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re: Pqeff: The Future of Refining Sand Wells

Posted on 1/4/22 at 2:55 pm to
Posted by el Gaucho
He/They
Member since Dec 2010
52975 posts
Posted on 1/4/22 at 2:55 pm to
Cmon guys apes together strong
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7131 posts
Posted on 1/4/22 at 2:58 pm to
quote:

Cmon guys apes together strong


Ain’t selling or tendering shite.

To the moon or bust!!!!
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/4/22 at 3:07 pm to
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 by el Gaucho
He/They
Member since Dec 2010
52975 posts
Posted on 1/4/22 at 3:52 pm to
StockTwits says if you don’t tender you just get stuck with private shares
Posted by Bit
BR, kayak in marsh, or destin
Member since Feb 2021
47 posts
Posted on 1/4/22 at 3:55 pm to
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 by white perch
the bright, happy side of hell
Member since Apr 2012
7131 posts
Posted on 1/4/22 at 4:17 pm to
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 by KCRoyalBlue
Member since Nov 2020
983 posts
Posted on 1/4/22 at 6:18 pm to
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 Or it could sink back down and the offer is rescinded.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.
This post was edited on 1/4/22 at 10:45 pm
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/4/22 at 8:40 pm to
quote:

StockTwits says if you don’t tender you just get stuck with private shares
I was answering about shares already tendered. If a person has already tendered, they still have the option to get them back before February.


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 by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/5/22 at 5:57 am to
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 by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/5/22 at 6:17 am to
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.


Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31117 posts
Posted on 1/5/22 at 11:13 am to
Finally tendered mine. Took 2 minutes once I got through. Would be looking at 4.5x, so not bad at all.
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 1/5/22 at 6:53 pm to
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 by obdobd918
Member since Jun 2020
3228 posts
Posted on 1/5/22 at 6:59 pm to
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 by BigDropper
Member since Jul 2009
7629 posts
Posted on 1/5/22 at 9:00 pm to
Thanks Gouch! tendered my 100K share position, hoping for a decent payday. Winning>>losing!
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1279 posts
Posted on 1/6/22 at 7:53 am to
Gaucho, I'm curious, how did you find this one?

Thanks
Posted by el Gaucho
He/They
Member since Dec 2010
52975 posts
Posted on 1/6/22 at 8:29 am to
Somebody posted about it on Reddit when it was 7 cents then it went up and I bought

Shoulda bought at 7 cents
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 1/6/22 at 9:30 am to
So is the play to just sell it at that $0.70ish offer and run?
Posted by WDE24
Member since Oct 2010
54133 posts
Posted on 1/6/22 at 10:27 am to
quote:

So is the play to just sell it at that $0.70ish offer and run?
Yes. But note that the .70ish offer is in Canadian dollars and is roughly .59 in USD.
This post was edited on 1/6/22 at 10:28 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31117 posts
Posted on 1/6/22 at 11:10 am to
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 by Hogwallop
Member since Jul 2021
413 posts
Posted on 1/6/22 at 11:43 am to
It's not a guaranteed return.


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