5) To further earn shareholder confidence, the Company is preparing documents to demonstrate the financial resources necessary to support the proposed acquisition and the future development of the technology and expansion of the business.
I've just read the article by https://t.co/mcXNBTRvlZ and here some conclusions:
1) #Petroteq Energy Inc. is a Canadian-registered, publicly traded company that is also listed on a U.S. stock exchange.
4) Upon successful completion of the tender offer, the company #Petroteq will focus on its patents, technology, research and development, and increasing production.
3) This means that both the Canadian Takeover bid rules and the U.S. tender offer rules are triggered at the same time, and if the two jurisdictions have different requirements, the transaction must comply with the more stringent rules.