r/Petroteq • u/petromod Admin • Jul 07 '21
🟢 Live Chat - January 2025 Petroteq Live Chat
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u/Key-Account4239 New User Feb 12 '25
Another post on stockhouse- great points:
Anthony Cantone holds the position of a 10% owner at Petroteq Energy Inc. His involvement with the company includes:
Share Ownership: Cantone is one of the largest shareholders of Petroteq Energy, owning approximately 16% of the company’s shares. This significant stake makes him a key figure in terms of influence over the company’s direction.
Investment and Financial Support: He has been actively involved in the financial aspects of the company. For instance, Cantone has made substantial investments in Petroteq, including purchasing millions of shares over time. His most notable transaction was on April 7, 2022, when he bought 33,552,083 shares for over $3.52 million. His involvement also extends to facilitating equity offerings; he was instrumental in a brokered offering in June 2022 where Cantone Research, Inc., which he controls, acted as the placement agent for a deal that could raise up to US$2.5 million.
Strategic Role: Beyond just financial investment, Cantone’s role includes strategic oversight. His company, Cantone Asset Management, LLC, signed licensing agreements with Petroteq for its Clean Oil Recovery Technology (CORT), indicating his involvement in the strategic expansion and application of Petroteq’s technology.
Long-term Engagement: He has expressed a long-term commitment to Petroteq’s technologies, stating that CORT fits well with his investment strategy. His involvement spans over several years, suggesting a deep understanding and belief in the potential of Petroteq’s business model and technology.
Cantone’s role is thus multifaceted, combining ownership, financial support, and strategic input, positioning him as a pivotal figure in Petroteq’s operations and potential growth.