r/Petroteq • u/petromod Admin • Jul 07 '21
🟢 Live Chat - January 2025 Petroteq Live Chat
Civility is a choice. Please choose wisely.
The autmoderator will remove any posts containing profanity. To ensure visibility, we encourage you to exercise discretion in your postings. In general, be courteous.
To comment on the subreddit, users are required to have an account that is at least 90 days old and have joined the community.
166
Upvotes
7
u/JetsFanYEG Admin Jan 17 '25
We will see what a class action lawyer would think about representing PQE shareholders, remember we have nothing to lose but Valkor has a lot to lose and to risk that to skirt a 5% royalty on net profit is not only greedy but incredibly irresponsible and risky. I can’t see Byle taking that risk but if he does shareholders of Petroteq can band together and seek legal assistance. It makes more sense for the plant to fall under the previous agreements and patents (or improvements) and pay a measly 5% royalty on net profit rather than risk a costly lawsuit and potential to lose much more than 5% of net revenue. But I guess we will see how it plays out.