Petaquilla Minerals Ltd PTQMF

RE:RE:Reality is a Bummer

[wwadehammer]

Makes sense goldpet, if FQ is going to takeover, FQ probably wants us to concentrate on making aggregate rather than produce gold.  But it put us in bad financial position.  Doesn't make sense that management allocated most of its equipment to producing for FQ leaving not enough equipment to meet DB and working capital requirements.  Only reason I would have agreed to that is if FQ agreed to provide loans to keep DB and accounts payable off our backs while we shifted equipment.

Of course we really don't know what management based their decisions on for the past nine months. Hard to believe but maybe we've been in continuous negotiations with FQ since February and a deal is just now beening reached.  Whatever, management just hasn't done a good job.  There's not much else to say.