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Interesting press release from Petroteq including QFI/MSAR/BioMSAR, among their other achievements so far, in case anyone is not paying attention.

No news in it and reads to me like the BoD are aware of the result of the CFIUS investigation, expect the Viston takeover imminently and are simply saying their goodbyes, with self-congratulations and pats on the back all round.

Could always be wrong though???

Intriguing to read Cantone has taken out 2x CORT licences as I was not aware he had any oil sands leases??

With his $70m+ pay out from Viston takeover, he will be in a good spot for raising further capital to build a plant. Who knows, maybe Tomco will be next in his crosshairs???

feels like someone wants to keep the price down but I suppose most of the bullish investors are already (over) committed and there is little in the way of newcomers to change things.

I expect we're stuck here until possible Morocco update???

Fully agree DoN re. extended timescales, (and possibly greasy handshakes) required for progress in Mexico.

It may be the case we are dealing with major oil, (e.g. Shell?) at that point, who have previously collaborated with Pemex, which could de-risk our "supplier" position somewhat.

While MSAR is such an obvious solution for some of Pemex's problems, it could be dangerous for QFI to get involved at this stage as their debt burden could mean cash flow issues for us as bills are not paid on time.

Many a quality small business has gone under due to bad debt from recklessly run operations. Maybe one for further down the road when we are more financially stable??

Very pleased to read the Petroteq news today. A great boost for the whole oil sands story in general. The Tomco/Greenfield licence looking more valuable now.

Not surprised the SP has fallen today on the back of that RNS. Hardly looks like the actions of a BoD with the company's best interests at heart.

Interesting development at Petroteq though........

The senior management have been making serious money for years. In the highest tax-bracket it would be prudent to maximise pension contributions and ISA allowances. The fact they hold so few QFI shares tells me all I need to know about their confidence in the products and commitment to the cause.

They're happy to take their huge salaries, leaving all the risk to us LTSHs. However, if the company does achieve success, these share options ensure they reap the rewards, (without the risk). I know the options will bring cash into the business but the majority of the cash goes back out again in their salary slips.

I sincerely hope QFI make it to the promised land and it will be interesting to see if they do, how the BoD shareholdings develop.

Let's hope so Fitzy (the eternal optimist). Won't be holding my breath though.

Vince, I would sell at 10p if offered that now, yes. However, if we do achieve the illusive contract and the SP grows steadily to that figure, I would sell some on the way and retain some beyond. My 10p figure was based on a potential near-term future buyout.

Also, remember share option schemes can normally be exercised and immediately sold without tax liability. If that applies here, in 12 months' time, if the SP is say 5p and performance criteria met, (whatever that may be??). with no minimum hold period mentioned in the RNS, my understanding is Jason can buy 3,750,000 @3p and immediately dump, netting him a nice £75,000 tax-free bonus if sold at 5p.

These exercised sales could have an adverse effect on the SP meaning a potential double whammy for LTSH, SP drop and dilution.

OK for some I suppose? Let's hope the SP is well on its way north by then with strong buying demand driving the price.

I have previously said I would be prepared to sell my entire holding for 10p/share and received several replies effectively saying 10p no good to them as their break-even point was significantly higher. I wonder how those dedicated LTSH feel about these options?

I'm sorry but I seem to be the only one appalled by this latest RNS. They throw us the bone of the MSC progress, (still no commercial contracts) and can't wait to get their snouts back in the trough.

I said a number of years ago, prior to an AGM, when the cash runway was looking perilous, the BoD should consider taking a part salary deferral to be accumulated and paid once commercial success had been achieved. No chance!

If only signing commercial contracts was as easy as feathering your own nests. I have no problem rewarding success but let's achieve success first! Continuous failure to meet self-declared timelines is all we've had, while OUR money drains out the door via overly generous salaries on a monthly basis.

Honestly, this BoD, (like their predecessors) wouldn't get a red face at a bonfire!!

Rant over.

AJ2205 "All looking good for Quadrise ;)"

All looking good for Quadrise BoD. There, fixed that for you.

Back on the (oh too predictable) news vacuum slide.....

I am impatiently waiting on the Petroteq buyout competing, (if it ever does?) at which time I will have a handsome amount of cash to re-deploy. Despite often beating myself up for having too many QFI shares, if the above comes to fruition and the QFI SP remains at these bargain prices, I am sure I will be adding more, as well as increasing my position in Tomco, which also remains in the bargain basement!!!

£10k is not a huge amount in the whole scheme of things but for me it's a very positive sign. I have always been underwhelmed by the BoD paltry share ownership, and while I am aware there are options for them potentially in future, I hold more than the whole BoD combined!!!

This is a step in the right direction.

My reading of quote from Steve Byle suggests Heavy Sweet Oil will produce the bitumen product using a different process to the Petroteq one, however, I believe his references to the Biofuel product will very much be done in collaboration with QFI. No guarantees that's the case though???

Haggis,
"This demonstrates what I've been saying about Miton feeding the demand, not trying to trash the price, just accepting a price at or above their average to reduce their holding."

While you may be right about Miton unloading, remember they bought about £3m worth at approx 2.9p, so these sales, if indeed Miton's, are not "at or above" their average but significantly below! nearer a 50% haircut. This is why I am not convinced Miton is the seller? For me it's more likely to be someone who bought in around 2p and has been spooked by the drop to 1.4p. As ever, time will tell....

While the MSC RNS is very positive news, there is an awful lot of "pie in the sky" speculation and forecasting of future SP levels. Keep it real guys, let's get to 2p+ first!!!