Replies to post #24051 on Petaquilla Minerals Ltd. (fka PTQMF)

[ratherbefishin]

"How did this incompetent management team get this company into this much debt to begin with?"
actually this is how the Vancouver Penny Mining Stock shell game IS played-get controll over a defunct shell company,refinance it come up with a "story"about "what we anticipate"and milk the company for everything they can get out of it ,keep on doing equity financing(plus those lucrative finders fees )until the huge overburden of outstanding debt and stock sinks them.

now tell me this ISN'T what happened here....it's an old story-and "this one WASN'T "different"after all....and it will continue as long as naive starry eyed people who swallow the 'great opportunity"story are wiling to trade their dollars for share certificates which often ends up as wallpaper(I happened to get lucky on this one but I've got my share of wallpaper too)

[Implanting]

You're exactly right Badge, this is their last chance to get it right and that's only if they get enough money out of FQ to bail themselves out of all the debt. You do recall the mystery accts. payable that they revealed at the end of their fiscal year. That's where it all came from. Remember we had former posters on this board that said they were comfortable with what the Company had told them about it. Then they weren't very comfortable.

Who's to say they won't mismanage the funds once again. IMO the only thing they've proven so far is that they can't make good management decisions. That's exactly why I don't think anyone would remotely want to partner with them. They may be able to get a loan at some point if the POG continues to move higher. That's probably best case IMO.