Petaquilla Minerals Ltd. (fka PTQMF)

[DetVicMackey]

I think the remaining $0.65 warrants have not been called in yet by management is because they may want to prop up FY Q3/Q4's income statement. With less shares added into the float, this magnifies a positive EPS value. Although PTQ is foregoing the opportunity to earn some short term interest on the funds collected, propping up the EPS could attract more investors. Now if they have negative EPS, then it may be better to add the shares into the float and dilute a bad figure. This is one of many reasons why I prefer to measure cash flow rather than EPS because you cannot prop up cash like you can with earnings.