UBS was paid in full as per agreement.
"UBS has acted as financial adviser to Petaquilla and the Board in connection with the Offer. Under its engagement letter with UBS, Petaquilla has agreed to pay UBS a fee for UBS’s services, a portion of which is payable in connection with the UBS Opinion and a significant portion of which is contingent upon certain events, including the closing of the Offer or an alternative acquisition transaction. The Board took this fee structure into account when considering the UBS Opinion."
Obviously, the HT was not successful, nor was there an alternative transaction. The is no issue and there is no problem. Just another mindless, clueless effort to cast aspersion on the company. The gullible, to lazy to check the facts, will probably believe this tripe. We have had some crazy stuff promulgated on the site, but this one was really a stretch. As to the other cases...there are none.
The one small dispute with an ex-employee for $250,000.00 several years ago was settled with a no fault payment, at a cost of $25,000.00 for PTQ as reported in the MD&A. Lightweight accusation from a lightweight poster. He will find some others here with the same intelligence. One in particular.
