Treaty Energy Corp. (fka TECO)

[Russian-Trader]

Shareholders know exactly where it is. In BELIZE.

Why does Treaty continue to lie about owning a rig in Belize when it's already been proven and admitted under oath?

From Treaty's CEO:

Case 2:15-cv-02451-CJB-JVM Document 182

22 Of course, I did not know at the time, but there
23 was a drilling rig in Belize that apparently was under
24 some sort of nebulous dispute with a gentleman by the
25 name of Max Maxie. And Max Maxie was very vocal on the
1 Internet about getting his rig back.
2 It's our understanding that he somehow managed to
3 get that back from Belize, don't actually to this day
4 know how he did it, but that's what we understand to be
5 the case.

Rig was sold to a real oil company for a nice chunk of change!

Treaty has no Assets.

22 What we did not know, or I certainly did not know
23 at the time, was that the physical assets of the
24 company, the drilling rigs and the wireline equipment
25 and all of that, was held on a lien by Hackmeyer Group
Page 62
1 out of Florida and out of here in Texas. That was
2 completely unknown to me.
3 Q. Let me stop you there. Who is the Hackmeyer
4 Group?
5 A. They're a group of individuals who put in money
6 into Treaty.
7 Q. And they have a lien on all of Treaty's physical
8 assets?
9 A. All of Treaty's physical assets. We did not know
10 that until we took the trip to Belize.

Oh and "Canadian Deal":

2 Q. Is Treaty currently running a business? Is it
3 operating?
4 A. Treaty is an operating company certainly from a
5 legal perspective. From an actual operating
6 perspective, it's not.

15 Q. But it doesn't have any revenues currently?
16 A. It does not.
1 But it has no producing revenue currently at all.

Contrary to fictitious clown stories claiming "Without admitting or denying the allegations" in paragraph 2 which only applies to "Defendant Treaty regarding the Commission’s non-monetary claims."



Quote:
2. The Commission has reached an agreement with Defendant Treaty regarding the Commission’s non-monetary claims. Without admitting or denying the allegations in the Commission’s Complaint, Defendant has consented to the entry of a judgment permanently enjoining it from future violations of the federal securities laws. The determination of the appropriate amount of monetary relief has been deferred pending motion by the Commission.

The allegations of the Complaint shall be accepted as and deemed true by the Court; and (d) the Court may determine the issues raised in the motion on the basis of affidavits, declarations, excerpts of sworn deposition or investigative testimony, and documentary evidence, without regard to the standards for summary judgment contained in Rule56(c) of the Federal Rules of Civil Procedure. In connection with the Commission’s motion for disgorgement and/or civil penalties, the parties may take discovery, including discovery from appropriate non-parties.

11. Consistent with 17 C.F.R. 202.5(f), this Consent resolves only the non-monetary claims asserted against Defendant in this civil proceeding.


Defendant acknowledges that no promise or representation has been made by the Commission or any member, officer, employee, agent, or representative of the Commission with regard to any criminal liability that may have arisen or may arise from the facts underlying this action or immunity from any such criminal liability. Defendant waives any claim of Double Jeopardy based upon the settlement of this proceeding, including the imposition of any remedy or civil penalty herein. Defendant further acknowledges that the Court's entry of a permanent injunction may have collateral consequences under federal or state law and the rules and regulations of self-regulatory organizations, licensing boards, and other regulatory organizations. Such collateral consequences include, but are not limited to, a statutory disqualification with respect to membership or participation in, or association with a member of, a self-regulatory organization. This statutory disqualification has consequences that are separate from any sanction imposed in an administrative proceeding. In addition, in any disciplinary proceeding before the Commission based on the entry of the injunction in this action, Defendant understands that it shall not be permitted to contest the factual allegations of the complaint in this action.