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BY-LAWS of EXPEDIACOM GLOBAL, INC. show shareholders are to have meetings unless ALL shareholders waive meeting. A majority of shareholders can't waive meeting. It must be ALL shareholders. Therefore even a majority ownership of shareholders who happen to also be directors can't waive a shareholder meeting. When and where have they been held? When and where did shareholders approve watering down their stock by issuing more stock?
STOCKHOLDER approval required to issue stock: My point is that stockholder, not merely director, approval is needed to issue more stock. Directors usually can't do so. Thus even if the directors held a majority of stock, I believe a stockholder meeting must be noticed to all stockholders and held. Then I and other stockholders would have opportunity to ask questions and state whether I approve or object to the proposal to issue more stock before valid issuance of more stock can take place. ALL stockholders, including those who happen to also be directors, can thus vote their stock on the issue of more stock being authorized. Thus I ask by what authority more stock continues to be issued? Has anyone looked at the articles of incorporation or By-Laws to see what is stated about stock issuance?
By what authority is the corporation issuing new stock? Stock that was held by the corporation as "treasury stock" I believe was issued long ago. To issue new stock I believe takes a meeting of the present stockholders. When and where has there ever been such a meeting? I've been a stockholder of record for a long time and bought into the "Belize oil strike" hype to buy a large position (by my standards). Meanwhile the company has issued more and more stock, watering down my holdings. By what authority do they claim this is being done? Regardless of the wisdom or necessity of issuing stock, directors and officers must follow the Corporation Articles of Incorporation and By-Laws. Where is it written that they can water down the stock by indefinitely issuing more stock, declaring stock payments to officers and directors etc.? If they issued a trillion shares and paid officers and directors with 750 billion shares they effectively would become the owners. Such obviously requires shareholder approval. Thus I ask, by what legal authority has the stock been issued to water down the percentage of my ownership?
Belize Supreme Court is supreme in name only. It is the court of original jurisdiction. From it you appeal an adverse decision to the Court of Appeal. From the Court of Appeal you appeal to the Privy Council made up of the United Kingdom House of Lords. (http://belizelaw.org/CJEI/Belize/index.html) Thus there will be lots of time for appeals until a "final decision" is known. Meanwhile drilling and producing oil will make a lot of difference in the "final" decision.
News out.
Project Status Update for February 27, 2013
Treaty Energy Corporation Provides Status Updates for the Brown Lease and San Juan #3 Exploratory Well
In a further effort to further improve investor relations, Treaty Energy Corporation would like to give a general status update regarding exploratory operations in Belize and ongoing drilling operations in Texas on the Brown lease.
The Brown lease is on track to meet internal timeline projections. Treaty Energy Corporation started drilling on the lease a day early. The early drilling time allowed TECO's local drilling partners to get pass the hard rock sediment layer, putting the drill on schedule.
TECO received word on Tuesday evening that the well was drilled to 1150 feet. Shortly after the well was drilled, casing and cementing was completed. TECO will begin to perforate the zone as soon as the cement has dried. Once completed and equipment is installed, TECO will monitor the well for two-three weeks as per new company protocols.
Treaty Energy Corporation's exploratory San Juan #3 well drill is currently on schedule with internal timelines. The final load of equipment passed through Belize customs earlier this week and arrived on site. Casing, drilling mud, and piping were delivered from Texas on on schedule. TECO's onsite Belize crew unloaded all the necessary drilling equipment and final site preparations were completed.
TECO anticipates to have the drilling sub-structure on site today, February 27, 2013. The sub-structure will be put in place tomorrow morning. TECO fully anticipates to begin drilling shortly after, once the final go ahead has been given from field operations in Belize and the rig has been put into its final position.
To view video footage of the final site preparations, please visit our YouTube channel.
I missed the first part of the shareholder conference due to technical reasons. Where can we get a transcript and/or hear it again?
MPET: Piggy Bank for Directors? Does anyone else think management is overpaid? I've been a MPET investor since about 1967. I go back to when Mereenie oil was first discovered. I held MPET through resolving aboriginal claims, building an Alice Springs refinery, Palm Valley gas discovery and building a pipeline to Darwin etc. For what return on investment? Officers and Directors have come and gone. It seems each group wants to over pay management and sign long term contracts with management that makes it expensive to get rid of them. When there was a management dispute, I called one of the dispute participants who told me I owned more MPET stock than most if not all directors. I checked it out and he was right. Now the sweetheart deals management votes for each other gives me an impression they overpay each other with cash and give bonus and stock option money to each other without earning the value of it. They talk about building investor value, but then give each other so much stock it dilutes the value of those of us who invested and held company stock for decades while the stock value has fallen. Heck, I even borrowed money in the 1970's to buy more at $13 per share only to see it fall immediately while I repaid the loan. The stock is undervalued based on cash in the bank and other assets. However, it has always been that way and then management has managed to pay themselves so much as overhead there has not been anything paid to stockholders. The company seems to exist to serve management rather than management serving stockholders. I'd like to see the management team cut in half, the gross income of remaining management cut in half, employment contracts for terms longer than a year eliminated, and no stock incentives issued unless the exercise price is triple the price when the option is issued instead of to be exercised near the issue price . THEN they would have true incentive to produce for us outside investors. Then I'd buy more MPET instead of becoming so disillusioned I sold most of my stock to prevent it wasting away even more.
Tangung Offshore appears to have invested in Treaty and put "their man" George W. Warren on the TECO board effective 9/1/12. Treaty has offshore leasehold rights in Belize. I'm not aware of any in Texas. Thus TECO's interests in Belize being a good investment for Tangung Offshore confirmed my TECO investments before and after 9/1/12 were good investments. I don't like dilution or Naked Short Selling or self dealing between a TECO and a separate company owned or run by a TECO officer, but the overall direction of TECO still is positive. I just expect the officers and directors to be honest, put TECO above all self interests and do their best for TECO shareholders despite outside influences like short sellers and market forces. One thing I would like is to get a copy of the TECO articles of incorporation and amendments to them, preferably without paying an arm and leg for them, so I can print a complete set showing history to date. Any suggestions in that regard would be appreciated.
PPS fall isn't due to non-production. Oil is just a commodity, which fell to $88 per barrel from over $100 per barrel when I started buying TECO many months ago. Europe has major economic problems, slowing business expansion & demand. Asia has its own problems. In US the "economic cliff" and raising the debt ceiling legislative impasse has made the country drift economically. Implementation of ObamaCare has also slowed business demand. However, the world economy and US in particular are coiled for strong rebound led by:
1. Congress will cut a deal with the President either before year end or immediately thereafter and will raise the debt ceiling with full retroactive effect. 2. Christmas buying will soon be over so disposable income can be spent on investments rather than obligatory gift giving. 3. Winter storms and cold weather will increase oil demand. 4. Many billions of insurance money and government assistance starts getting paid to private and corporate claimants for the Hurricane Sandy rebuilding, which will first require building materials being supplied to Lowes, Home Depot etc. 5. New spring contruction taking advantage of record low interest rates will drive home building, new appliance orders etc. All of this takes energy at a time when Palestinian and Iranian interests and Syrian civil war bring the specter of Middle East war, American involvement and oil interruptions to the forefront. Thus the price of oil will soon jump to $100+ per barrel due to demand and supply uncertainty while TECO continues going forward at its own pace and is poised to participate in this energy rush. Like other holders of well over a million TECO shares, my investment is firm & more simply must be added at these bargain basement prices.
Time to sell at $1.00 or more. Scottrade manually overroad their system to put a million of my TECO shares on sale for a dollar. They said it would expire in a month. I've been too lazy to renew it. I hope NITE didn't borrow against my stock to post that 2 million at $.03 sale offer. Let them use their own stock to play with. I'd encourage other longs to assure theirs is posted for sale at a high price and didn't have their sale offer expire. Without such an offer on the stock, it is my understanding Scottrade and other brokers can loan my stock to NITE and other Market Makers to place short sales, thereby lowering the value of all our stocks without them ever even owning any TECO stock until they drive the price down and cover their short sales at a lower price.
Is this now called Axiom Global Properties, Inc. of New Orleans which has Andrew Reid as Chairman & Bruce Gwyn as a director & Morris Khan as CEO & President, Tyrus Young as CFO & Mike Mulshine in IR?
Is this the same company? http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=AXMAQ reports:
Axiom Management, Inc. operates as a staff recruitment company. Its services consist of permanent, temporary, and contract recruitment; employee assessment and selection; human resource administration; and risk management services. The company also handles medical recruitment. It primarily serves logistics providers in various areas, including clerical, technical, light manufacturing, and light industrial. Axiom Management, Inc. is based in Santa Fe Springs, California. On May 26, 2011, Axiom Management, Inc filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Central District of California.
Tuscaloosa Shale hits Sabine leases in all likelihood. The well log and the citation you provide are very informative. The ancient shore undoubtedly was irregular just as the present Louisiana shore is irregular. The broad swath sketched for its location is only approximate. It could well be under TECO leases. Too bad it's so deep the shaft would have to be very expensive. What surface unitization size is required to go down 7,000 feet there? Perhaps Treaty would want to spread the risk of a deep hole with a partner to explore it. Still, it is tempting to hit 300 feet of shale starting at 6,500 feet if Sabine leases match that well log.
Inverted Hammer is only a single day on a chart. For that day and the next I consider it bearish because I believe the chart is showing a close near the low for the day. Thus a series of Inverted Hammers I believe would indicate the stock closed near its low for several days. If that series took place in sequence without interruption, the stock would be in falling trend.
Inverted Hammer I believe is the candlestick with the long line up and the square at the bottom, like a hammer standing on the striking end or hammer head.
I didn't wait for the 2's. When I came to my computer and saw bid 3.6 and ask 3.7 I put in a limit bid for 15,000 at 3.8 and saw VNDM jump to 3.9 ask before Level 2 showed my bid. Then I got filled at 3.8 for 10,000 and 3.8 for another 5,000. There has been a lot less short selling of Treaty on http://otcshortreport.com/ for several days now. Since August 22 only two days have been over 20% and several were less than 10%. Maybe the shorts are seeing that TECO is about to jump like a coiled spring and don't want to get caught with too much uncovered. Those of us who put up for sale a million or more shares at $1.00 or more per share may be having an effect on short selling. VNDM has fast computers that change their ask, but they are not fast enough to respond to a good press release, like when Govt. of Belize confirms commercial quantities of oil in both the TECO wells.
Thanks for your due diligence explanation of the geological formations.
Even if not fully understood, the explanation shows complexity of the oil exploration business and how exploration is not predictable on a short time line that so many of us want rather than having patience as news develops.
I'm confident in TECO and patient while looking at present prices as being good buying opportunity to keep adding to my holdings.
Highground Inc. and David Hallin
v
Depository Trust et al, Treaty Energy and Ronald Lee Blackburn
File 12-2028
United States District Court, Easter District of Louisiana
The Complaint filed 8/7/12 alleges Plaintiffs got a 5/19/12 judgment in an adversary proceeding in Bankruptcy Court file 10-1042 against Ronald Lee Blackburn in amounts of $209,950 for Highground and $45,000 against Ronald Lee Blackburn. The claim was based on promissory notes Blackburn gave each of Plaintiffs in 2008.
Plaintiffs (a Texas corporation and Tenessee individual) filed the US District Court suit seeking to enforce the Bankruptcy Court judgment.
Plaintiffs allege the various US District Court defendants including Treaty now or in the future may owe money or property to Blackburn which they hold and which Plaintiffs want the US District Court order be paid to them instead of to Blackburn.
Thus Treaty is a "garnishee Defendant" that has to answer under oath what property it possesses that is owed to Blackburn and will have to comply with whatever order the US District Court enters as to whether such money or property has to be paid to Blackburn.
It's no different than if your credit card got a judgment against you as an individual and now is making your employer account for money your employer owes to you, which your credit card company can have the court order your employer pay to the credit card company instead of to you.
Treaty thus will have some incidental expenses responding to written interrogatories to answer whether it owes Blackburn anything and comply with the court orders, but this is just incidental to doing business and not worth further discussion here.
On August 10 the District Court referred the case to the bankruptcy court for further proceedings.
Shareholders don't manipulate price. Board members who own stock in street name are the shareholders.
Apparently the brokers who hold the members stock "in trust for the true shareholder member" are "title holders" who while holding the stock are able to loan the stock to Market Makers. The Market Makers then short sell the stock. Thus my million shares that I assume are available to me to keep or sell when I wish might be loaned out by my broker for a Market Maker to sell, driving down the public price (and the paper value of my stock) and replace my loaned stock with other stock that the broker gives back to me when I want to sell my stock.
Even worse is Naked Short Selling when a person simply sells phantom shares that don't exist in such volume the value of my shares is driven down, scaring off some investors who sell their shares too in a snowball effect that further drives down the value of my stock. Such persons may cover their position by buying back stock at a lower price than they sold, but meanwhile they left the share price lower than when they started. Thus while I buy and hold stock, its value is reduced by computer trading of others who never owned any stock at all.
Placement of a sale order on my stock at a higher than near term expected price apparently prevents my broker from lending out my stock to someone else to play with instead of my broker simply holding onto my stock until I decide to use it.
If I had some gold coins in a safe deposit box, I expect the bank to leave my coins alone so they are always there for me to remove. I don't expect the bank to use my coins as collateral for some loan the bank wants to make. The same is true of my stock certificates I put in my safe deposit box. Let the bank buy and play with their own coins and stock certificates. The same is true of my broker. My stock should be held for me and nobody else even if I don't exercise my right to get my stock in certificate form.
Renew Good until Canceled Orders. A Scottrade Good Until Cancelled Order is only good the month placed and the following month. I too placed a 1,000,000 sell at $10.00 per share with Scottrade and got the same runaround. It can't be done on line and the office staff said it can't be done. Finally I got them to do it after "explaining I've been with them for years and would like to continue the relationship and not have to move the stock to my other broker's account." Even then I was told "the market makers may not accept it."
Rambler, thanks for making the suggestion. If brokers and Market Makers can't provide an SEC citation to support refusal to accept such orders, it will be interesting to see if they try to refuse to accept them so they can keep playing with our stock shares by keeping them in the Public Float.
Let them buy their own stock shares to play with.
Arstegall, please explain for me:
Why is it more economical to flare gas than use it? It's still energy. It would seem some of the gas energy could drive a pump to compress the rest of the gas to either bottle it or compress it into a pipeline, even if at a small flow rate through a tiny orifice, or to drive the oil pump.
When you say "I flow a well with 1100 psi" what is your position? Does that mean you are a manager responsible for determining how to choke or otherwise manage such a well? If so, how large is the company for which you work? Does it mean you own a well like that and someone else manages it?
Thanks for sharing your knowledge. I enjoy your postings.
Where is Friendly Energy News? I've held it for several months, watched the price fall, see current activity, yet its web site news was last reported December 2010. Is there some place to see current news?
Market Makers & Naked Shorts. Write your congressmen/women and senators to abolish short selling all together. Short selling serves no useful purpose other than to defraud others. Short selling suspends the concept of supply and demand. Short selling is not merely an investment based on future expectations but rather is a means of creating a self fulfilling prophesy that the price per share will fall.
Tuesday on the last prior trading day in the face of TECO good news press releases http://otcshortreport.com/ reported that almost 40% of the sales were short sales!!!
Today there were continued favorable press releases so I and other longs bought more TECO stock, driving the price up over 10% at one time from .045 to .05 per share.
Then the short selling attack took place in the span of two minutes (from 10:08:06 to 10:09:53) to drive the stock to .035, from which it started to recover so 252,596 (an interesting number that looks fake) was traded at .036 and appears an obvious short sale or one based on collusion between traders.
TECO recovered slowly to .05 on the good news so then the Market Makers painted the stock back down using small trades.
Does this look like supply and demand market forces at work? Does it look like honest trading or like greedy traders manipulating the TECO stock to artificially keep it depressed?
If you think the rules need to be changed, make some noise and write your elected officials. Short selling has no place in a modern setting where each of us can trade on line. Investors benefit by cutting sale commissions with internet sales. However, the internet has become a tool for rich crooks to steal from others by using short selling to defraud investors by scaring off other investors whose fresh money and demand on a limited supply of stock would bring up the price using basic supply and demand.
An SEC complaint about Knight may start to bring stability to the Market Maker pressure on this stock.
A quick search disclosed (I think on Wikipedia):
"Knight was formerly known as Knight/Trimark Group, Inc. and Knight Trading Group, Inc. Initially, Knight Trading group had multiple offices located in the United States and in other cities around the world. Knight's Asset Management offices were headquartered in Minnetonka, Minnesota, with offices in Hong Kong, China, and London.
In 2002, Knight paid $1.5 million to settle regulatory charges of violations such as not respecting posted quotes. Knight neither admitted nor denied the allegations.[3] In 2011, the company was worth $1.5 billion and employed approximately 1450 people.[4] In 2004, the company paid a $79 million settlement to customers whom they had overcharged.[5] In 2008, Knight traded an average of 3.97 billion shares per day."
All the short selling I've been following on this stock for several weeks (which at times has been half of all trades) suggests that it is illegal Naked Short Selling (NSS) as some on this board have suggested. Now when the company itself is fully reporting and issues PR of substantial work in progress it is ridiculous for the stock price to continue being driven down by naked short selling. No amount of Due Diligence can offset people selling stock without having it in hand or borrowed in a legal manner.
Naked Short Selling is simply a swindle of investors.
I think some appropriate letters to the SEC, perhaps with copies to the President of affected companies, would be appropriate at this time. The President would want to claim "plausible deniability" about any illegal trading and try to keep his/her skirts clean, perhaps by firing Market Makers who want to engage in illegal activity. A CEO like Jamie Dimon of Chase called before Congress will admit wrongdoing, blame someone else, fire them, keep his own job, and seek a raise or bonus.
Just for chuckles, you may want to read about this oil refinery in Belize. I don't recall hearing of a do it yourself oil refinery, just one making white lightening.
http://www.guardian.bz/index.php?option=com_content&view=article&id=3840:clandestine-oil-refinery-shut-down&catid=39:crime&Itemid=73
Oil at $83.42 down $3-who would have thought it. Doesn't matter to TECO, which I'm sure is busy working toward production both in TX and Belize. 1.6 million shares before noon means someone is really trying to force down the price per share, probably with lots of shorts after 37.37% were shorts yesterday (365,875 short Vol. and 979, 132 total Vol.) according to http://otcshortreport.com/TECO. I wonder who has guts enough to short oil itself at $83.42 per barrel? I sure wouldn't.
Air Shares are shorting. http://otcshortreport.com/TECO
What caused ELTP to dive in 2007-2008 from $2.50 per share to below $.20 per share January 2009? I've had a position in it for a couple months and considering adding to it, but see short term from December, 2011 to now it ranged from 7 cents to 17 cents and just over 3 years ago was priced in dollars. Anybody care to share a few sentences of history? Thanks, if you do.
TECO doing fine. Oil 87.37. You can't blame TECO for oil falling 20% over the last several weeks, which dries up interest in oil stock investing. We all would like to see the tardy filings now and future filings on schedule. Drilling news would be nice too. However, all my oil stocks sagged with the oil price falling just due to market conditions. Now, do any of you seriously believe the price of oil will keep significant falling? I think not. Do you think it will be back over $100 soon? I'm sure of it. As soon as a new coalition starts using NATO jet fuel over Syria, which is supported by Iran who threatens Persian Gulf closure at the Strait of Hormuz, I think oil will be well over $100 per barrel. That may happen soon in light of the butchery taking place in Syria. The first move would be when you see the Arab league condemn Syria & call for regime change to give a followup NATO mission legitimacy. Meanwhile TECO is doing its own thing on multiple fronts. Patience and further investing are the keys for us who are long in TECO.
Short selling isn't depressing TECO. They try, but look at the 5 day weekly results.
Monday 5/21/12 Shorts 8.50% Price .042-.045
Tuesday 5/22/12 Shorts 16.21% Price .042-.0463
Wednesday 5/23/12 Shorts 5.6% Price .0427-.0463
Thursday 5/24/12 Shorts 19.46% Price 042-.052
Friday 5/25/12 Shorts 34.25% Price .042-.044 and closed .0438
Thus even when there is lots of shorting the stock and even 34.25% of sales are shorts, those of us who believe in TECO have been able to add to our positions and keep the stock at about .044 so it hasn't fallen further.
We know the value is far more than the present price per share.
And this is all without having the SEC filings that are overdue or fresh drilling reports. Sure we'd like them, but this is a whale of a buying opportunity.
We have our leases. We have our own rigs to drill in both US and Belize. The North Dakota and Kansas plays are going gangbusters. Even if we ran out of places to drill on our own Texas leases, our rigs could be hired out to others for fees and a piece of their action whether in Texas or other states.
TECO has tremendous potential. That's why penny stock traders appear to be TECO investors. They know they can speculate by trading in TECO, but risk reducing their position when TECO jumps and know in the long run they can make more for themselves by investing and holding TECO while trading other stocks to satisfy their gambling instincts.
Oil Price also lowered stock. $92.26 up $.75 per barrel was just shown on cnbc. When oil gets below $92 per barrel compared with about $105 per barrel investor interest wanes and the price falls. Still, the rate God is making more won't add to the supply, so the price will be going back up. Thus we can afford to be patient while TECO keeps doing their thing. Whether $92 or $112 per barrel, TECO has a great thing going. Time for TECO to get their reports out and do future reports in timely manner as failure to timely report raises questions in the minds of some, which depresses the price per share regardless whether TECO or Government of Belize intend to have that effect.
Schramm T-685 Saved Miners. As an interesting point of history, it was a Schramm T-685 that drilled the first hole over 2,000 feet to find the Chilean miners before a bigger hole was drilled with another Schramm rig. One is for sale rated to 6,500 feet. Obviously we now have a very capable rig in Belize ready to drill any holes needed. Like some others here, I just keep adding to my TECO holdings at what will soon be called these historically low prices. Market makers don't care about investing, just trading. They just care about profits from buying and selling daily and spend all their time watching small changes in price per share. I'm investing for the long haul and don't have the time to spend minute by minute worrying about price per share. With both Texas and Belize drilling commencing in earnest, it's like shooting fish in a barrel: They aren't getting away, but it's hard to say exactly how long it will take to hit one so don't worry about them getting away. TECO is a sure thing.
http://www.schramminc.com/chile-mine-rescue-updates/chile-rescue-english
To quote the captured cattle rustler: "No noose is good noose."
At least it lets us pick up more cheap shares.
Horizontal Drilling & Fracking Video.
Here is a nice video showing the process of vertical & horizontal drilling and fracking. It shows the process stages and thereby shows the time involved. Drill bit changes and the process stages requiring pulling and inserting sections of pipe make one realize a reasonable amount of time must be allowed for the well to be completed and oil to get to market.
We are all anxious, but we need patience. Meanwhile, I've been adding TECO at these bargain prices.
Enjoy the video:
http://www.osageexploration.com/video/index.htm
Wilson from Kruse Auctioneers March 1, 2012? In case you are interested, Kruse Energy Auctioneers at Odessa, TX advertised for February 29 and March 1, 2012 they had these items which appear to correspond to the photos Treaty Energy put on their web site:
Lot No. 1109 WILSON Mogul 42 S/D
Drilling/Workover Rig p/b
DETROIT 8V-92T Manual Trans,
96'H 250M SHL Telescoping
Mast, Hyd Raised & Scoped,
Racking Board, McKISSICK 664
Block/Hook Combo Mtd on 5-
Axle Carrier, 585/65R22.5 Front
& 10.00R-20 Rear Tires
(NOTE: BILL OF SALE ONLY)
Lot No. 1111 10'W x 27'8"L Mud Boat
The drill depth wasn't noted on the Kruse ad, but a similar unit advertised at www.oilfieldrigs.com/classifieds.html#788D6 as their number "#788D6 – WILSON MOGUL 42 SINGLE DRUM – DRIVE IN DRILLING UNIT 7,500’ Drilling" so it would seem this unit is a deep well drilling unit capable of 7,500 feet depth.
I wonder whether it is capable of horizontal drilling with proper drill bits and head attachment. Anybody know?
Wilson Mogul 42 S/D Drilling Rig per Facebook
I missed events this afternoon, but in checking level 2 now I see a 3,787x100 buy order from UBSS at 0.046 so it looks like someone has a 378,700 share buy that is the biggest on the board. Since I don't see the report on Treatyenergy.com or SEC site, it looks like it will be out soon and be favorable. Have a nice weekend.
Smart Insiders Sell & Buy same time. Buying 20,000 shares while selling 1,000 shares creates confusion to keep price per share down while insiders can continue buying more shares without pushing up the price for their next purchase. To the uninitiated there was one buy order (20,000) and one sell order (1,000) so buy and sell orders offset equally. Thus people who follow insider buying see nothing unusual and the price languishes. Then insiders repeat the orders again and again. They thus keep the price low while buying 600,000 shares and only selling 30,000 shares. If all they did was buy the 600,000 their followers would try to accumulate more too and the price would go up while they accumulate the amount they want. Thus Elite has more upward room to go.
Report may not be due until midnight Tuesday April 17 because Monday the 16th is a Holiday in District of Columbia called Emancipation Day.
Hi Bull,
Thanks for the video. I wasn't sure what caused the background noise, whether air conditioning or noise outside, but it appeared the window was open in the wireline truck. If the noise was outside, perhaps despite the heat you can shut the window to improve audio next time. If noise was from air conditioner, perhaps shutting it off while doing video will improve audio. Regardless, we appreciate your efforts & helping provide info to investors. Thank you.
Photos of Belize TECO office would be appreciated Bull.
I seem to recall something about seeing photos of the TECO office in Belize being cleaned out (which I think was part of a naysayer being critical of TECO) and seem to recall later something about a new TECO office closer to the airport.
I for one would like to see photos of the new TECO office exterior and interior in Belize.
Meanwhile, stay healthy Bull, and careful. Those beautiful island photos look like the islands are about 2 feet above sea level as we enter hurricane season. The country has 8 varieties of VERY poisonous snakes that no doubt occupy the lush vegetation in the videos you cited.
Meanwhile thanks again for going there to report to the rest of us.