Now that the public knows about ongoing talks...
our share price should stabilize and start back up. So it seems in Germany this morning. Nice to know that Tilk respects Panama, Petaquilla, and puppies. Perhaps someone should read to him the definition of a Hostile Takeover! Even the press releases said the purpose was to replace management and the BOD because they would not bow down to the $0.48/share offer. He is forced to make these ameliorating public statements because Panamanians have told him they are ready to show Inmet the door. He must now realize that there are in fact others who have the money and will step into his place and develop the mining industry in Panama if only given the chance. China has a blank check all ready filled out, and it is probably sitting on Martinelli's desk today. Sit back, relax and watch him squirm out of this mess. PETAQUILLA ES PANAMA!!!
Definition:
HOSTILE TAKEOVER:
Acquiring a firm despite the disapproval of, or open resistance from, its board of directors. The acquirer ('raider') usually takes the takeover offer direct to the target firm's stockholders (shareholders) or seeks their approval to remove the obstructing board members,(who are trying to protect the company and their shareholders)sic.
AI
