Petroteq Energy Inc (PQEFF)

[UTOilMan]

I live in Vernal. I've seen other oil sands companies come and go, and I've talked to older residents that have seen previous waves of oil sands companies come and go. They are total scams! I made a small investment in PQEFF about 5 years ago when it was MCM. It sounded like an interesting company with some promising technology. I've lost about 99% of the value of the investment, haha. I've also watched as US Oil Sands, another company operating near Vernal, go under. Same story. Promising technology and assets, but never actually produces anything. Same type of shady background characters when you look into who is behind the company. Can't even pay their bill to local hotels, so they offer stock in exchange, then the company tanks. I've personally done "business" with another oil sands company that supposedly has connections with PQEFF (I work in the oil industry). The people I dealt with were definitely shady. Of course when it came time to pay the bill, they disappeared. I had to track down personal email addresses, phone numbers, other places of business and home addresses to finally put enough pressure on them to pay up. Same story..."offices" located in Las Vegas and Southern Cal that are just BS answering services. These guys are masters at making people think they are just one big break away from successful operations, but it's all just smoke and mirrors. All positive media coverage is paid for by the company itself.