Petaquilla Minerals Ltd. (fka PTQMF)

[carlosc]

I was wondering where you were getting first class tickets to Europe from Panama for $3,000 each. I was hoping you'd introduce me to your travel agent.

For me the issue isn't whether there should be disclosure and transparency and so on. Perhaps there should. But in Panama there isn't and there will not be. For some investors this will be a deal-breaker. I do not begrudge them that.

Today in La Estrella there was a small piece with information from Petaquilla saying that Martinelli is not and never has been a shareholder:

http://laestrella.com.pa/online/impreso/2012/12/30/petaquilla-intenta-huir-de-financial.asp

I don't doubt that Martinelli has never personally held shares but as we've been over again and again it would be deeply unusual for a high net worth individual in Panama to own any sort of asset personally rather than through a corporation or a foundation.