Tags: stock dumping

bye bye, corruption, failure, fifer, penny stock, petaquilla, robber barons, stock dumping, worthless

Petaquilla Stock Now Affordable to the Poor

Posted Jun 15, 2008 | In Business | 1 comment »

Some people say that Petaquilla Minerals, famously known for its Petaquilla mining project in Panama, is a bad company that destroys the environment, chases indigenous tribes off their ancestral lands and violates human rights. A sort of a modern day United Fruit.

Indigenous workers carry boxes with
stock certificates which Petaqilla
is dumping.

But these critics forget something. Thanks to the great policies, or better: the intellectual spirit of CEO Richard Fifer Carles, famously known for his history of embezzlement of public funds when he was governor of Coclé, even those poor indigenous tribes can now afford to be co-owner of this robber baron's dream!

Petaquilla stock prices have been steadily sinking through the floor since, well, Don Winner started pumping them, really. But after pumping comes dumping, and last week, the share price hit an all time low of just $1.59, and the Bananama Republic outlook for Petaquilla predicts that it will quickly join the wonderful world of worthless penny stock.

UPDATE: As we predicted! Closing on June 20 at $1.49.

• • Panama Demands Eiffel Tower from France

    Panama wants the Eiffel Tower which was, after all, paid for with Panama Canal money, moved to Panama City.

  • University Rector Cautions Drunk Tourists

    This week tourism minister Ruben Blades proudly announced that area prostitutes had beaten out the Panama Canal, Casco Viejo, Bocas del Toro, and cheap cocaine as the nation’s top tourist attractions. But Gustavo Garcia Paredes, Rector of the University of Panama, had a word of warning for vacationing gringos.

  • Panama launches "eCorruption"

    The Panamanian government has introduced eCorruption, an electronic platform that will facilitate online payment of bribes. Only the lawyers are against it.

  • Torrijos desperate to endorse someone. Anyone.

    President Martin Torrijos is ready to endorse a candidate to be the next president of the United States. "I have my speech ready, all I need to do is fill in the name," the president said. Only problem: Nobody's interested.

  • Panama Canal Zonians Start pro-McCain 527

    Believe it or not, but a group of former military, Canal Zonians and fugitives from justice has started a so-called "527" in support of presidential hopeful John McCain, called "Wankers for the Truth"....

  • Chavez complains about Panama donations

    Venezuelan president Hugo Chavez complained yesterday that he is not getting value for money with his pay-offs to Panamanian politicians and labor union leaders. They're ripping him off...

  • JAMES BOND FILMING GETS OUT OF HAND

    President Martin Torrijos is under increasing pressure to just forget about this whole idea of movies being shot in Panama as for the third day on a row public life came to a screeching halt in both Panama City and Colon....