Janet Francis, speaking for Petiquilla Minerals, Ltd, stated in several e-mails that were responding to shareholder inquiries that: (1) the first meeting was canceled because counsel was undecided what method would be used to spin off PQI; (2) the second meeting was canceled because they had decided that a plan of arrangement would not be used to spin off PQI.
Then they reported via 6-K filing that the new firm was hired to establish valuations and possible engage in marketing all or part of the company either to a large investor or to sell it.
Time to get ready for finals and forget about this stock for a couple of months!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.