I am cautiously optimistic. I believe the full range of emotions...

I am cautiously optimistic. I believe the full range of emotions related to this news have been expressed on this board. I would like to think that Peter knows what he is doing, though. After all, he is the original proprietor of this company. He has been with this company for decades already. He seems like the kind of person who takes pride in his work, and wants to take it all the way for the ultimate home run. He does not seem like the kind of person who will be a "flash in the pan" and sell out in nefarious ways for a quick buck. If he was that kind of person, he would have screwed the company for dead a long time ago. Peter wants to build something that has real lasting transformative power. That takes commitment and a protective attitude.

The management of https://www.petwatersolutions.com/about had/has an entirely different attitude. The leadership of PET were scoundrels' from the start. Peter couldn't be farther from that mindset. CleanTeq is Peter's baby, and he has become forever "conjoined at the hip" with a respected hall of fame achiever, Robert Friedland. Robert has not gotten to where he is by "selling out" and taking the easy road. Working in the mining industry, and being successful, is probably one of the toughest and longest slogs in all of the possible jobs out there. He did not get to where he is by screwing over everyone. That type of activity leads to a very short career.

Not only does Robert Friedland own a significant share of this company, but so does Fidelity Investments. Fidelity got involved in this company because of Robert Friedland. Fidelity has been any early investor with Robert in a number of ventures...... Fidelity is one of the most respected financial institutions in the world. And then we have another deep pocketed investor in Cleanteq.... Pengxin.
Pengxin is a Chinese company whose leadership has known Robert Friedland for years. The leadership in Pengxin would not take being screwed over by some random business person very lightly. I will post an interesting article about Robert Friedland And Pengxin in my next entry. At any rate, please see the breakdown below of Major holders and insiders below:

Mr Robert M Friedland 13.4%
Pengxin Holdings 11.7%
Fidelity Investments 7.1%
Directors and Management 5.5%
https://www.cleanteqwater.com/wp-content/uploads/2022/11/CNQ-Investor-Slides-November.pdf

Major Holders

Currency in USD

Breakdown

	45.22%	% of Shares Held by All Insider
1	11.63%	% of Shares Held by Institutions
2	21.23%	% of Float Held by Institutions
3	9	Number of Institutions Holding Shares

Top Institutional Holders

	Holder	Shares	Date Reported	% Out	Value
1	Fidelity Contrafund Inc	2,079,207	Sep 29, 2023	3.20%	395,049
2	GMO Resources Fund	735,000	Aug 30, 2023	1.13%	139,649
3	Franklin Gold and Precious Metals Fund	679,999	Jul 30, 2023	1.05%	129,199
4	Fidelity Contrafund K6 Fund	533,669	Sep 29, 2023	0.82%	101,397
5	GMO Climate Change Fund	320,055	Aug 30, 2023	0.49%	60,810
6	Variable Insurance Products Fund II-Contrafund Portfolio	3,117	Sep 29, 2023	0.00%	592
7	Fidelity Advisor New Insights Fund	3,189	Oct 30, 2023	0.00%	605
8	Fidelity Series Opportunistic Insights Fund	2,653	Oct 30, 2023	0.00%	504

https://finance.yahoo.com/quote/CNQQF/holders?p=CNQQF