re: Pqeff: The Future of Refining Sand Wells

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Zbigniew Roch wants to take over an oil company in the USA with a Swiss company he manages. A 450 million euro policy is used, which according to the issuing Ergo insurance company is fake. What's behind it?

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Buoyed by the good prospects, the stock reached $37 eight years ago. The company was worth $60 million. After issuing more and more shares, the price on Wall Street reached its all-time low of less than three cents two years ago - and the company was valued at six million dollars. At some point around that time, a few people might have gotten the idea of ??how to make money from the so-called penny stock. There were first signs in April 2021, when a "voluntary public purchase offer" to the shareholders of Petroteq Energy was published in the German Federal Gazette. When word got around to the US, the share price quadrupled to more than 18 cents. Then it went down again. When asked by our newspaper, the boss of the company that was allegedly responsible for the offer explained that someone had misused his company name. He had already been contacted by American authorities about this. Then on October 25, 2021 the service in the USA. Ontario Inc., a wholly owned subsidiary of Viston United Swiss AG, submits its takeover offer to Petroteq shareholders: 74 cents per share instead of the then current 14. After a period of hesitation, the company's market capitalization multiplies to $270 million in early 2022. After that it goes down again. Someone was making a lot of money doing this ups and downs. Offer signatories: Zbigniew Roch, Oedheim, Germany.

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I don’t know which is why I posted without commentary
ETA: I sold half my position earlier today at .28 as a hedge. I’ve also canceled my tender on the other half and might sell and take my gains.
Eta2: my getting out probably insures the deal will go through for those that hold.

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Essentially there have been rumors floating about the veracity of one of the insurance forms submitted to the SEC and questions whether the lender, Uniexpress Holdings is legitimate.

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The insurance form wasn't legitimate. I talked with the insurance company in Germany after the form was filed as a supplementary document with the SEC and the insurance company confirmed it wasn't real. There was also a nonsensical loan payment schedule in a filing a few weeks earlier (after a realistic one had been filed previously) so either those supplementary documents were a horrible attempt at subterfuge or somebody new at Uniexpress who didn't know what they were doing did a shitty job putting them together and maybe didn't realize they were going to be filed publicly.

What's confounding about all of this is that so much also points to Viston's offer being legit. They've persisted through the CFIUS process, which is voluntary, and I've talked with a couple of Directors at Petroteq, including a conversation a couple of weeks ago with a Director who had been skeptical about the deal in April but who now seems very engaged with Viston in preparation for the buyout.

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Too many unknowns for my comfort level. It feels a bit scammy in the way it has been approached. I’ll just take my gains and regret it later most likely.

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You're doing the smart thing if you're that uncomfortable with it.

This is what you get with the OTC. Questions about legitimacy and emotional rollercoasters tend to come with the territory.

If you riding I am too

There’s like nothing else to do with the money and moneys not gonna be good for anything once we get cbdb in 2023 anyway

I'm un-tendering just in case.

Brandon gonna see my name on the list and shut it down

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CFIUS decision should be interesting. I don’t think they evaluate legitimacy, only effects on national security. This thing could still pop next week on CFIUS approval even if the deal ultimately doesn’t close.

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CFIUS only scrutinizes financing if it comes with a stake in profits or some kind of governance rights or if those conditions are imminent and they don't seem to apply here.

CFIUS approval is not a done deal either. There are two unknowns looming.

Sec gonna investigate you for being a paper hand

Cfius today