Member Info for labrat99

Its included in both companies rns just for laughs and giggles then is it? The price received is going to be adjusted for basic water and sediment, so its clearly an issue. During the testing of the 250bpd plant they had issues getting this BS&W under the 1% limit due to clays. New pertinent information is released and dismissed by the rampers what a shocker.

Nope was for AR. Interesting that they have included mention of basic sediment and water, strict parameters for this for use in pipelines and big discounts if they exceed the limits as it corrodes pipes. This has obviously been included because it is an issue, further information on the impact of this issue is clearly required.

$6.5 discount to WTI for Asphalt ridge, seem to recall some expert claiming they would be selling at a premium due to the diesel content. Another great call, well done.

Nope not telling lies that your department. Would explain but as you do not believe trades when they are actually posted it would clearly be a waste of time wouldn't it. The first and most obvious thing is to stop concerting on the suspension price unless you think I bought seconds before the suspension.

How is basing an estimate on actual figures digging a hole. What is this 100bpd based on? Seems like a figure plucked out of the air. Anything to back this up, because helpful track record of guessing figures is not particularly good, do you need reminding of SC.

Good to know, how have you arrived at this figure then?

Why have you not ask helpful for his reasons for his super positive guess? Historical production figures, even then given them a generous uplift for the "potential" of the new techniques.

You cared enough to threaten with MYN lawyers. So clearly you care very much what I think. Still not heard from the lawyers by the way, any update on this? What happens if the MOU is not enacted, what recourse do Deloro have? Anyone.

Yes very sure.

Only covers the $2.5m loan something they do not have to repay for 12months, very achievable if a new partner comes in. That's the problem with a MOU, not worth the paper its written on. New investors will contribute the equity at potentially a better rate than Deloro so Petroteq will be better off. If the MOU is cancelled Deloro have no legal recourse.

Cut throat world business no place for sentiment, for all we know Petroteq might feel they were screwed over in the first deal due to their problems and have little positive sentiment to Deloro. As you say see what happens but it is a very real possibility and as I have been saying for a while cannot see any reason why Petroteqs share holders will approve this. At least there is beginning to be some acknowledgment that it is not a done deal and hurdles still exist for this "nasty" deal.

Yes and? Can Petroteq negotiate a new deal with those investors cutting Deloro out?

Petroteq also showed investors around, maybe they are attempting to get out of this "nasty" deal with Deloro. Nothing stopping them negotiating a new deal with new investors is there ? Could be argued that approach is in their best interest. Well done for highlighting this, some unusually rational posting from yourself.

Yep Eddie decimating the sp and the pump and dump before the placing let savvy traders book profits. A 50% hit rate on AIM is not poor trading. The increase in the ADL offset the hit from NCT and as clearly stated have since managed to recoup losses. Market abuse claims any evidence?

Sold out of both, made a profit on ADL, that's aim some you win some you lose. Did not lose my SIPP, stop spouting drivel. As you know made a decent profit buying in around .27p and sitting on another profit on most recent purchase, more than recovered my original loss in NCT. Nothing like taking a hit to develop a good dose of realism and as you can see it has improved my trading. Again playing the poster instead of answering questions. Clarify your potentially market abusing claims, the avoidance is getting tedious.

Where in the deal is this stated? Should be very easy to provide the evidence to back this up. Petroteq state quite clearly in their rns that they own the Technology. The jv covers the lease and the facility. Again quite clearly stated. Deloro cannot use this patent protected technology outside of Asphalt ridge facility. Its that simple and the continued lack of understanding is frankly concerning.

Diversion again, very poor. Anything of substance other than frothy ramping. Evidence of Deloro jv owning the technology or is this a lie? Its market abuse claiming something that you cannot verify. Should be banned imo if unable to provide something to back this false claim up.

Why should I answer one of your questions when you never do? Reasons are laid out my posting history, if you are really interested its in there.

So its all frothy sound bites with no substance then. Notice you have failed to address the fact that Deloro have no rights to the technology outside of Asphalt ridge, despite claiming otherwise. Baseless ramping at its finest and diversion since this was pointed out. Any thing to back this claim up that Deloro jv owns the technology as obviously this claim is market abuse and I am sure Petroteq will be interested in some one making false claims potentially damaging their business.

Well you continue to display your total lack of understanding of even the most simple business concepts, but continue with the personal attacks instead of addressing the issue. Petroteq own the technology 100%, Deloro have no rights to this other than to use at Asphalt ridge. Ramping Petroteqs share increase as some kind of direct comparison is very poor and misleading. Obviously pointing out the incorrect assumptions of the rampers is not something you want to see. The share price is performing well, yours and others unfactual ramping is counter productive. All shares have potential negatives, do you actual see any here? You have to admit that proceeding with the Deloro deal is not now in Petroteqs shareholders best interests following the change in circumstances. Until that legal contract is signed then it is in danger of not happening. What will happen to the sp if this falls through? ps most of those posts were when the sp fell 90% and as you know have trading this almost text book just sold to early on the last spike.