Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

I think spin off will occur before the end of the fourth quarter so that the annual report will reflect only the 100% gold operation. My guess that the date of record for the spin off will be retroactive some time before the March 22, 2010 shareholders meeting so that there will not be a bunch of volatility in the stock. Management seems to be very responsible and interested in taking things step by step and not creating any wild movement one way or another. MY GUESS IS THAT THE CUT OFF DATE FOR DISTRIBUTION OF PQI SHARES WILL BE RETROACTIVE TO FEBRUARY 28, 2010 THE END OF THE THIRD QUARTER. They will not want to have any fourth quarter activity or reports interfering with PTQ. Just a guess but I would not count on any shares purchased after March 1, 2010 to take part in the distribution spin off.
We will know for sure as soon as the Plan is published. My understand is that their attorneys are finalizing it now, making sure of the efficacy of the tax implications.