Inconvenient facts...
1. Behre Dolbear provided a very large report stating that LP was worth much more than we paid for it. So you say that they are/were incompetent??
2. Although a local article said that LP was to be taken back by the local entity, do you have any factual proof that this has been done? Any statement from an actual entity in Spain that has jurisdiction or legal authority? Any statement from the company or the member of the BOD having responsibility in this area? Any statement from our auditors? Thought not.
3. You do know that the proposal was vetted and voted upon by all shareholders passing by a large majority.
4. You are aware that there are strict standards for finders fees, financing fees, expense accounts, charge accounts, travel accounts, et al are vetted, detailed, and follow strict standards and protocols, audited regularly, and well within industry standards. Detailed notes are on file with Ernst&Young.
Yet you chose to make vaguely disguised obscene attack on our chairman, whose record is above reproach, and whose annual donations to charity far exceed any remuneration from Petaquilla which is only one of the eight companies wherein he is a director. That is just sad and pitiful display of envy.
