Replies to post #20327 on Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

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.

[redflame]

Pardon me, but I don't think you wish us any luck at all. There are some negative posters on this board but they're not vicious like you. You accuse PTQ of not paying its bills which would drive the company out of business or at least put them on a cash only purchasing basis over time. I don't see any evidence of this. I haven't seen an aging analysis of accts payable but I'll bet UCB is not listed as over 30 days. The auditors said nothing about overdue accounts payable in the yearly audited financial statements and this weeks MD&As show nothing about major legal disputes over payments for service. The auditors review interim financial statements and I believe they would have required management to put something in the quarterly statements if there were major problems. IMO you've shorted the company and are trying to drive down the price. It's hard to see anyone with a position in a company making such serious charges. If you're short, I hope you lose your shirt.