SHERMAN OAKS, CA / ACCESSWIRE / January 4, 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, announces that it has today issued a Supplement (the "Supplement") to the Directors' Circular dated November 6, 2021 (the "Directors' Circular") in respect of the offer (the "Viston Offer") by 2869889 Ontario Inc., an indirect, wholly-owned subsidiary of Viston United Swiss AG (together, "Viston"), to acquire all of the issued and outstanding common shares of the Company ("Common Shares"). As set out in the Supplement, the Board of Directors of Petroteq (the "Board") is recommending acceptance of the Viston Offer.The recommendation follows consultation with Haywood Securities Inc. ("Haywood"), as financial advisor to Petroteq and the Board.
As stated in the Directors' Circular, the Board concluded that it would defer making a recommendation to Petroteq's shareholders ("Shareholders") with respect to the Viston Offer until such time as it had fully considered all of the strategic alternatives available and received input on valuation from Haywood. Accordingly, the Directors' Circular provided no recommendation from the Board as to whether to accept or reject the Viston Offer.
Reasons for Making a Recommendation to Accept the Viston Offer
After thorough consideration of all aspects of the Viston Offer, the advice provided by Haywood and consulting with its other advisors, the Board has unanimously determined to recommend that Shareholders accept the Viston Offer and tender their Common Shares, for reasons that include the following:
- Results of Strategic Review: Based on the results of the strategic review presented by Haywood, the Board believes that the immediate cash value offered to Shareholders under the Viston Offer is more favourable to Shareholders than the potential value that might otherwise result from other alternatives reasonably available to Petroteq, including remaining as a stand-alone entity and pursuing Petroteq's existing strategy, in each case taking into consideration the potential rewards, risks, timelines and uncertainties associated with those other alternatives.
- Premium Over Market Price: The consideration of C$0.74 in cash per Common Share (the "Cash Consideration") under the Viston Offer represents
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>“It was different. This was different, a different game,” said George, who was held to 12 points on 6-for-20 shooting, including going 0 for 8 from 3-point range, noting afterward that his legs felt heavy. “Having their three-man and their five-man switching and not giving up much in the interior – this is a different game.
>“We couldn’t really get out and run as much,” George added. “They were sending multiple guys at the rim, getting rebounds, so I thought that was kind of deflating to us. We couldn’t really get out and run, we was using a lot of energy trying to rebound. And then when we did rebound, we had to send everybody to the board, so really wasn’t no outlets or advantage going down, fastbreaks, so they just did a good job of that, that allowed them to load up on their defense.”
https://www.ocregister.com/2021/10/27/cold-shooting-clippers-fall-to-1-3-with-loss-to-cavaliers/
I'm going to try and explain this the best I can. But is it possible to infuse a ouija board with the energy of your patron demon so you could only communicate to them through it? Like blocking all other spirits out, and making it so that the only way it can be used is through talking to your patron demon? Does that make sense?
Also, does anybody have resources for learning more about Satan?
A
BILL
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Repeal the Energy Privatisation Bill and restore the National Energy Strategy Act
BE IT ENACTED by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:-
Section 1: Repeal
(1) The Energy Privatisation Act 2017 is repealed in its entirety.
Section 2: Reinstatement
(1) the National Energy Strategy Act 2016 is reinstated in its entirety
Section 3: Extent, commencement and short title
(1) This Act shall come into effect upon receiving Royal Assent.
(2) This Act may be cited as the National Energy Strategy (Reinstatement) Act 2021
This bill was submitted by The Rt Hon Dame ARichTeaBiscuit LT LD DCB OM DBE CMG OBE PC MP on behalf of the 29th Government
(https://www.reddit.com/r/MHOC/comments/77diqa/b531_energy_privatisation_bill_second_reading/) (https://docs.google.com/document/d/1UcCAx12CfMf8zYMJNXOo8LpCsDI6Almat2fGQTsv0Ps/edit?usp=sharing )
Deputy Speaker, While going through the archives I noted that while the Energy Privatisation Act of 2017 had passed, that no Secretary of State had authorised the auction process to actually initiate the privatisation process. It is quite fortunate that we have been left in this position, as we can therefore reverse this privatisation with little to no cost to the taxpayer, and return us to a model which I believe will allow us to better direct efforts to promote renewable energy and pass on savings to the bill payer.
No amendments were submitted, so the bill goes directly to a final division.
Vote on the bill in its entirety by the 10th January at 10pm GMT
