Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Here's the Game Treaty is playing...

If all these corporate actions are approved, it's in no way in the best interest of current shareholders...

Treaty Energy/Trimerica is trying to royally screw current shareholders. Treaty and the gang of cons say they are doing all this for thier "loyal" shareholders... Lord what a load of crap... The reality is it is nothing of the sort.

The planned reduction of the A/S from the current common of 2,250,000,000 to 645,000,000 shares is actually an INCREASE in the A/S by 266.66%. What the fair thing to do for current shareholders is to reduce the A/S by the SAME amount as the R/S of 1 for 11.5 to 195,652,174 shares...

Also Treaty has AGIAN got thier math wrong... The current O/S of 1,947,554,895 is not 1,778,202,295 and 1,778,202,295 divided by 11.5 is 154,626,289.52, not 169,352,600 (rounded up)... 1,947,554,895 divided by 11.5 is 169,352,599.56(169,352,600 rounded up)

Also, once FINRA approval received, the Company will also then take immediate action in Delaware to reduce the authorized common shares to an aggregate 650,000,000 shares, specifically 645,000,000 common (from the current 2.3 Billion) and 5,000,000 preferred (from the current 50,000,000).

From the 8-K

On August 24, 2015, the Company filed an application with FINRA to effect certain “corporate actions,” specifically effecting (i) a name change to Trimerica Energy Corporation consistent with its reincorporation in Delaware alluded to above and addressed in the Prior 8-K; (ii) a 1 for 11.5 reverse split; (iii) and a new trading symbol.

Assuming the review is concluded as filed and consistent with FINRA regulations, the following result was requested to be effective on September 9, 2015 (the actual effective date would be dependent upon FINRA):

The Company’s name will be changed to Trimerica Energy Corporation and FINRA will assign a new trading symbol, superseding the current TECO symbol.

The 1 for 11.5 roll back will be effective September 8, 2015 for shareholders of record on that date, reducing the number of common shares outstanding from 1,778,202,295 to 169,352,600 (rounding up to the next whole number if fractional shares result).

http://www.sec.gov/Archives/edgar/data/1075773/000147793215005605/teco_8k.htm

7,417,500,000 A/S 645,000,000 * 11.5 = 7,417,500,000. The FAIR thing to do for current investors would be to reduce the common A/S from the current 2,250,000,000 to 195,652,174... That's 2,250,000,000 / 11.5... But Nooooooo... Treaty is only reducing the common A/S to 645,000,000 a 266.66% increase...


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