Petroteq Energy Inc (PQEFF)

[Tkrtape]

The real problem here is that MCW is at the mercy of a conservative conventional commercial bank
Which has long since done its due diligence.
Even with oil at 50 bucks , the bank
Is going to withhold financing indefinitely for fear of oil going sub 40 again. I was very leery about pursuing that route, and they are paying the price now.
These guys need to find alternative
Sources of funds or they will have to sell out or wither away.
It's unclear if they are actually producing 500 barrels a day yet , which could extend their life line with oil around 50.