RE: Petroteq - Offer update just issued31 May 2021 10:26
So we have a low ball "an offer" of CAN 0.71. The directors have publicly stated that the offer is undervalued. So that has to mean PQE is worth $330M, at least. Today's price before open is CAN 0.16.
Now, question: how cn the directors say that the company is undervalued at $330M when a week ago the market valued it at $30M. It means for them to say that something fundamental has changed recently. The technology is commercial!
Easy money to be made here. TMX today should to be fun!