We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You can buy in on placings: you need to register with the brokers like Novum and Optiva.
If only we could buy in on these placings though ?!?!
Placings to keep the lights on ... problem
Placings to build the business ... no problem
Our situation today is the latter
They didn’t say there would be another placing. WTI now $73.34 pbo. That is far more important and easier for raising finance.
Diluation for buying an asset is not a bad thing. It adds value.
Another placing is a big worry. More dilution.
They didn’t say another placing, however left unclear that there would not be another placing. Idiot Chairman, they haven’t a clue how to write an rns. When will the large shareholders ever realise that thec directors are a bunch of dorks.
Nice opportunity to add a few more :)
no but the mention of another placing will now have a huge impact
Will the PQE takeover have an impact on TOM share price?
I disagree, hl would be legal owners and their clients beneficial owners. As for voting, whereas hl do facilitate your vote not all brokers do e.g t212
If you think about it they would be getting a full up and working plant
oil sand leases
and all proprietary rights of plant
Royalty income from the use of this type of plant by others.
I would value the lot at around $3 a share
I think when this takeover offer is official on the Canadian market it will have higher credibility, then the price will reflect it.
I can also see the offer being increased to $1 a share
I hold some petroteq through HL, but a lot less than a million shares. HL being the "legal" owner would probably own more than 1 million shares. Would they not be approached with an offer ?
HL fill in the W-8BEN form!
Where can you buy pqe?
This increasingly looks a real offer now.
Clearly at $0.71 Canadian they recognise that is too low.
Expecting an increased offer on their next update. It is clear whoever is behind this offer that they are not going away.
Easy money to make on Petroteq shares right now. Minimum 3-4 based on the 0.71 low ball offer. Money for nothing.
Watch the market this afternoon, many will be jumping on. Very good.
Two reasons they probably haven't decided the shares they are after.
1. With only 464m shares in circulation how many actually hold the minimum quantity of 1m shares?
2. The price of C$0.71c is too low.
Looking real good.
Going for the shares in USA and Canada
https://www.einpresswire.com/article/544360426/uppgard-konsult-ab-update-on-its-share-purchase-initiative-for-petroteq-energy-inc-tsx-v-pqe-otc-pqeff-fse-pqcf
NEWS PROVIDED BY
uppgard ab konsult
June 21, 2021, 10:51 GMT
"Uppgard Konsult AB update on its share purchase initiative for Petroteq Energy Inc (TSX-V: PQE, OTC: PQEFF, FSE : PQCF)
KRYLBO, SWEDEN, June 21, 2021 /EINPresswire.com/ -- Uppgard Konsult AB update on its share purchase initiative for Petroteq Energy Inc (TSX-V: PQE, OTC: PQEFF, FSE : PQCF)
Regarding Petroteq Energy Inc. ("Petroteq" or the "Company") (FSE:PQCF), Uppgard Konsult AB ("Uppgard" or the "Company") announces that on April 16, 2021, the company has made an official offer to purchase up to 200 million shares of Petroteq the company at 0.48 Euro per share cash from its shareholders, subject to Uppgard Konsult AB's terms and conditions.
The company announces that despite the premium price, Petroteq Energy Inc shareholders' approval in Germany of the takeover offer has so far fallen well short of expectations
For this reason, Uppgard Konsult AB has not been able to secure the intended takeover of the shares to date.
The customer and the company are now evaluating the official expansion of the offering to the North American market.
Petroteq Energy Inc. is a Canadian-registered, publicly traded company that is also listed on a U.S. stock exchange. As it is, its shares are widely held in Canada with a significant number of U.S. shareholders. This means that both the Canadian Takeover bid rules and the U.S. tender offer rules are triggered at the same time, and if the two jurisdictions have different requirements, the transaction must comply with the more stringent rules.
To this end, we are looking into strengthening the team and bringing in another consulting firm that has extensive experience and knowledge in the North American markets.
In order to comply with both Canadian and U.S. regulations, Uppgard Konsult AB and its client are now consulting with their legal advisors to prepare the next steps and necessary documents for Canadian and U.S. securities regulators.
Further to this to comply with the Takeover Code, the Client wishes to provide additional information about its plans for Petroteq Energy Inc. after the acquisition
Upon successful completion of the tender offer, the company will focus on its patents, technology, research and development, and increasing production.
To further earn shareholder confidence, the Company is preparing documents to demonstrate the financial resources necessary to support the proposed acquisition and the future development of the technology and expansion of the business.
In addition, we are reviewing the need to change the closing date, which must also be consistent with the minimum offer period for takeover bids in Canada and the U.S., and the need to disclose and provide additional documents and information as part of the early warning report
No, you were probably right.
Lol. I genuinely meant helpful in my last post and not hopeless. Sorry, helpful
Yes, thats correct. Probably most of the solvent. Hopeless, your points are well made but no need for the dig at the QFI share price. There are lots of co invested QFI, TOM and PQE investors on here. We are in a mutually beneficial situation which will hopefully benefit all of us
My understanding from what Salinger is pointing out.
Solvent is part of the oil recovery process, this solvent is recoverable from the finished product for re-use, however to get the bitumin to market, part of the recoverable solvent has to be left in the bitumin in order that it flows into the truck and further into the refinery. Is this correct
Good explanation helpful for those clearly confused.
“PQE has confirmed that the output contains about 5% solvent. Solvent is not added subsequent to the extraction process, it is part and parcel of the process.”
And that is why the Petroteq technology is going to be so valuable.