My, MY, MY, ALL IN A DITHER!!
There are rumors, stories, and just plain lies. Of course Richard Fifer never received 44 million shares for LP. There were lots of people involved, and foundations, and corporations, etc., etc..
Richard by law must report any sales of PTQ stock. He has sold none. Period. Neither have any other insiders official or unofficial. All a big story poorly calculated to fool the uninformed, uneducated, and ignorant.
Expect a lot of volume movement over the next thirty days or so. Perfectly appropriate with all that is happening. As long as there are sheep to be shorn, there are those will deep pockets and good access who will take care of the job. Trying to tell who has what, and tracing anything in the offshore clouds and foreign accounts, is just a lesson in futility and frustration. The company itself cannot even do it as Janet told the posters here about three years ago when the subject arose.
Do you really think that someone who can walk up and buy a $46,000,000.00 Bombardier jet for private use is going to waste personal time analyzing and trading a company this size? Look at the dollar volumes traded on average. Four first class round trip tickets from Panama to Madrid cost more that all the trades daily in Petaquilla world wide. This will be a nicely profitable small company, but get real, that is all it is at this point. Some of us are here for much bigger things several years down the road and Petaquilla will be very useful, as well as its image.
Yes this is a long term buying opportunity, and at the moment a very good trading opportunity, for someone to make some spending money in the short term. Those who are way in the red will probably lose most of their investment. Those who have averaged down will probably make a nice return. Those quick traders may double their money soon, but there is not enough volume to make any sort of serious killing!!! Try and buy ten million shares Monday at $0.33. The float is just not there.
Most informed investors know exactly what is transpiring and act accordingly. The uniformed will just stay so. The agenda driven bitter little fold will continue to spout absolute absurdities that anyone with any experience and education can see right through.
All quiet on the Western Front...
