Petaquilla Minerals Ltd PTQMF

RE: Shares outstanding as of 12/10

[Libertyg]

Just under 21 million shares available in the money as of December 10th. Whatever is now left of that amount will have to be exercised within 30 days. Also leaves just under 11 million warrants/options at 1.54 or higher. If we could manage a price of over 2.00 within 30 days then another 10 million warrants/options could be exercised in the money as well and that would pretty much exhaust the outstanding shares beyond the latest 32 million offering which can't be freely traded for 4 months. It allows us some time to get the stock price up after this next 30 day period above the 2.00 range pretty freely without share dumping by warrant holders.

It will be interesting if we can reach and exceed that 1.54 number within 30 days to allow the extra 10million warrant holders at 1.54 to exercise theirs before the 30 days expires and null and voids those warrants. Remember though that the company reserves the right to require those warrants exercised in 30 days, but doesn't guarantee they will do that. They may give the warrant holders at the 1.54 level and higher added time. Regardless the next 30 days should prove interesting.