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re: Pqeff: The Future of Refining Sand Wells

Posted on 4/13/22 at 6:47 am to
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1477 posts
Posted on 4/13/22 at 6:47 am to
Well, I would have expected some kind of news by now if this deal wasn't going through...
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 4/13/22 at 9:29 am to
quote:

Well, I would have expected some kind of news by now if this deal wasn't going through...



You just HAD to say something huh....
Posted by DawgCountry
Great State of GA
Member since Sep 2012
33319 posts
Posted on 4/14/22 at 7:01 am to
happy tender day. 5pm is the deadline
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 4/14/22 at 8:27 am to
How long before word is released on whether the deal is closing?
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1477 posts
Posted on 4/14/22 at 11:57 am to
What was the price of oil when this offer was made?
Posted by DawgCountry
Great State of GA
Member since Sep 2012
33319 posts
Posted on 4/14/22 at 12:07 pm to
I believe it was in Oct so around $86
Posted by el Gaucho
He/They
Member since Dec 2010
59162 posts
Posted on 4/14/22 at 2:29 pm to
Dang another 45 days to flatten the gains
Posted by WDE24
Member since Oct 2010
54853 posts
Posted on 4/14/22 at 2:35 pm to
What? I’m not seeing a press release. Still waiting on approval?
Posted by DawgCountry
Great State of GA
Member since Sep 2012
33319 posts
Posted on 4/14/22 at 2:51 pm to
quote:

Petroteq Founder Advises of Intention To Donate Half of Personal Profit From Potential Company Takeover by Viston United Swiss Ag to Humanitarian Purposes in Ukraine


this is all that I see. has to be a good sign
Posted by el Gaucho
He/They
Member since Dec 2010
59162 posts
Posted on 4/14/22 at 5:29 pm to
Still nothing


Probably gonna gonna get a bunch of mail in untenders at 3am
Posted by DawgCountry
Great State of GA
Member since Sep 2012
33319 posts
Posted on 4/14/22 at 5:48 pm to
Shut your whore mouth
Posted by Diseasefreeforall
Member since Oct 2012
7373 posts
Posted on 4/14/22 at 6:32 pm to
Another CFIUS extension, this time until June 17th:

Business Wire

Edit: This is still the filing they said they would do after the first extension was announced. Now they say they hope to have it done by the end of this month, which will start the 45 day clock ticking. CFIUS could still ask for another extension after that. What a shitshow.
This post was edited on 4/14/22 at 6:36 pm
Posted by el Gaucho
He/They
Member since Dec 2010
59162 posts
Posted on 4/14/22 at 7:03 pm to
They had 78% of shares reeeeeee
Posted by Diseasefreeforall
Member since Oct 2012
7373 posts
Posted on 4/14/22 at 11:11 pm to
I think Petroteq management probably dragged their feet on helping Viston with the CFIUS submission hoping for a better offer. That's the impression I got from their press releases and a an interview they did a while back. But in an interview the CEO did just a few days ago, he sounded like management was now fully behind Viston's bid so now it's just a matter of more time.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
51796 posts
Posted on 4/14/22 at 11:45 pm to
The value of this patent depends on how well it was written. A "process" that uses chemical composition that can be slightly altered to achieve the same results may not hold up.

Do you have any idea what their patents are and the ownership of those patents. I have someone that can look at those and tell me what risks they might face.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
33319 posts
Posted on 4/15/22 at 6:17 am to
Well that sucks
Posted by reddonuts8
Member since Dec 2021
29 posts
Posted on 4/15/22 at 9:32 am to
When all the freezing of Russian assets started happening I got nervous that Russian money was behind this offer and got out around 34 cents. Felt like I made the wrong decision until now. Still wouldn't be surprised if Russian money was involved in some way.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1477 posts
Posted on 5/18/22 at 8:20 am to
some positive News
Posted by el Gaucho
He/They
Member since Dec 2010
59162 posts
Posted on 5/18/22 at 8:21 am to
Is that another delay
Posted by Diseasefreeforall
Member since Oct 2012
7373 posts
Posted on 5/18/22 at 8:34 am to
quote:

some positive News

Everything takes longer than expected. The one rule of investing in individual companies I can always count one.
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