Tomco Energy Share Discussion Threads

[pooler1] 05/6/2022 14:36

PQE and the whole bid process was and still is a mess.

[busamitch] 05/6/2022 11:21

https://petroteqshareholders.com

[ducky fuzz] 04/6/2022 10:45

Hi vauch .. buying TOMco shares before funding is secured is clearly more of a gamble as it might not happen. I expect that it will.

I have read the last rns a number of times and think it positive. I am happy to wait till we get confirmation either way.

As to PQE I cannot make any sense at all out of what is happening. I assume it is the licensing that the suitor would want as PQE don't seem to have much else.

The Vivakor process should be up and running soon and are ahead of where PQE are at present.

[goulding1215] 04/6/2022 10:28

WTI $118•9

[lopodop] 04/6/2022 08:36

PQE + TOM= ?

[fenners66] 03/6/2022 15:56

So PQE are attempting to place 3% or so of the company to a shareholder "Mr. Anthony Cantone" using and paying up to 2m shares as a fee, to "Cantone Research, Inc. (the "Placement Agent")" that has the same fella as
"the controlling shareholder of the Placement Agent and the controlling shareholder of the ‎manager of the Investor."

Not afraid of lets say "alternative" solutions are they ?

All this whilst they are supposed to be in the death throws of a offer for the company at more than twice the current share value....

Either that is an open invitation for Cantone who owns >10% of the company already to double his money , how cosy; or an admittance that since the company has no money left and needs funds for "working capital and general corporate purposes" it is going to have to get on and raise some cash very soon as waiting for the take over is not an option , why ? Because it could take forever ? Or because it is never going to happen ?

[the diddymen] 03/6/2022 15:53

The rosey tints are off on the Petroteq/Viston deal.

Will TOM passengers please fasten seat belts.

[the diddymen] 03/6/2022 15:50

Petroteq's Notification of placing:

Sherman Oaks, California - June 2, 2022 - Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE;
OTC PINK:PQEFF; FSE:PQCF), an oil company focused on the development and implementation of its
proprietary oil-extraction and remediation technologies, is pleased to announce that it has entered into
an agreement with Cantone Research, Inc. (the “Placement Agent”) for a best efforts brokered offering
of up to 12,195,121 units (the “Units”) of the Company at US$0.205 per Unit for aggregate gross proceeds
to the Company of up to US$2,500,000 (the “Offering̶1;). Each Unit shall consist of one common share of
the Company (a “Common Share”) and one-half of one common share purchase warrant of the Company
(each whole warrant, a “Warrant”;). Each Warrant will be exercisable to acquire one Common Share for a
period of 24 months following the closing of the Offering at an exercise price of US$0.27 per share.
The Company intends to use the proceeds of the Offering for working capital and general corporate
purposes. The Offering is subject to certain closing conditions including, but not limited to, the receipt of
all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture
Exchange and the applicable securities regulatory authorities.

[rmart] 03/6/2022 13:13

Petroteq doing a placing at .27c and with warrants at .27 for 2 yrs ? how can they justify that to viston who are paying 3x that!

That could be the nail in the coffin for what already seems like a very suspect deal.

[vauch] 03/6/2022 12:36

Yep Ducky, but looks like the sellers are not punting on Tom either

[ducky fuzz] 03/6/2022 12:07

The PQE share price taking a bit of a rogering .. investors not believing the 0.74p
bid offer price.

I wonder what I would do if I was a shareholder? Glad I don't have to make a decision.

[talais] 02/6/2022 13:58

They said the plant would be up and running in early June,

[talais] 02/6/2022 13:52

That should be interesting, we might get news before the presentation,

[busamitch] 02/6/2022 09:18

Vivakor to Present at the LD Micro Invitational XII Investor Conference on June 7-9, 2022

[ajj2003] 01/6/2022 17:24

Not the case for at least three of the four project streams as you know and the fourth one is debatable;)

[vauch] 01/6/2022 17:17

Nah. but this financing is reliant on the PQE sale going through

[ajj2003] 01/6/2022 12:48

Are you sure you are not talking about Petroteq there Vauch ;)

[vauch] 01/6/2022 12:04

Cant argue with that as it will start having fantastic new from December or was it February, nope it was April that was stretched to June and now on to 3rd Quarter so a minimum of another 3 months.
They could end up hitting their target of December

[wilson2] 01/6/2022 09:44

Just a reminder Goulding, Tomco don't produce oil so it doesn't matter if oil was $200 a barrel does it

[goulding1215] 01/6/2022 09:41

Can’t disagree with anything in AJJ and Damac’s posts there. Plenty to look forward too, with current WTI price and strong dollar.

Oil Prices Rally Despite Strong Dollar

By Alex Kimani - May 29, 2022, 6:00 PM CDT
While the stock market and bond markets have crashed over the last two months, the dollar has gone from strength to strength thanks to its status as a global safe haven.
The U.S. dollar and oil prices are frequently inversely related due to the fact that oil is priced in dollars which makes it relatively more expensive to buy with other currencies.
Oil prices and the dollar have been rising since late March, hitting the highest positive correlation since May 2019.

[wilson2] 01/6/2022 09:22

Rmart sold out again

[lopodop] 31/5/2022 20:50

DAMAC and others,
Why can you not conclude that TOM is not a commercial business proposition- forget going concern / non going concern but simply a string of muddled transactions organised by one man. Anyone with a little commonsense let alone acumen would ask what the hell is going on here. A number here have tried to point out what a nonsense TOM is - for heavens sake think!