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down 8%
actually, we are never green until we sell.
who is letting this go at the bid?
WOW, 2 PRs in two days promising over 12 billion dollars and the stock drops over 13%.
what's wrong with this picture?
who knows something and is not telling?
treaty finally got their loans; why isn't this stock thru the roof?
is it because treaty will never make a payment? something they have learned along the way.
imo
no real news; no volume.
cap
i was looking at their last income statement,
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6756286-10783-14100&type=sect&dcn=0001116502-09-001279
it shows unaudited; is anything regarding TECO's income audited?
anyone?
if Blackburn is using his shares as collateral, what makes you think he doesn't have a binding agreement that guarantees him a voice in the operations?
there is no way Blackburn is using his shares as collateral and not maintaining control. imo
maybe this is the refinery; has zero revenue so it fits in well with TECO’s business plan.
http://lite.globalbx.com/popular/oil-refineries-for-sale/listing435303.html
or maybe one of these:
http://lite.globalbx.com/popular/oil-refineries-for-sale.html
excellent article regarding RB, plus the replys:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43481312
i must say that Joe Grace is an articulate writer; anyone who can use the phrase <At first blush> when writing the TECO Komex PR knows how to write.
who needs news on the pending deals when you can write PRs like this one today; know known as the teco Komex deal PR.
teco stock did not move today.
i know why Joe Grace started the PR off with a Texas "howdy" to everyone.
because he followed it up with a Texas size 'whopper';
an oil refinery to purchase? by teco
LOL
i live in Texas, and i've heard some big size whoppers, this one is close to the top.
kind of reminds me of the Komex deal.
first, I want to take this opportunity to extend a Texas "howdy" to everyone. mine is a sincere one.
the best part of todat'y PR is that teco is looking for an oil refinery; does Joe Grace mean an oil refinery to purchase? LOL
i've never seen a company, teco, waste so much money on fluff PRs. they are all pie in the sky, trust me, something good will happen.
so far, nothing has ever closed that has been promised in a teco PR; why does anyone think this is going to change?
all imo
it's funny how teco has to put out a PR that is nothing more than wishes.
nothing has happened to put out a PR.
anything to invest my money on?
great post; speaks the truth that TK is still majority stockholder and calling the shots.
teco produces zero oil and zero revenue
<<Keeping this in mind, and as part of our policy of corporate transparency, we have determined that if all of the above programs could be completed, the collective reserves would include approximately $7 - $9 billion in oil reserves and over 1 trillion cubic feet of natural gas reserves that would be valued at about $4 billion in today's market.>>
if all my programs can be completed, i will be worth $2 billion; i may make it before teco
nice volume - 763069
80% sells
why would anyone be selling? do they know something we don't know?
he hasn't aged too well, has he? must have been that prison time and PBLS time that did it to him.
major shareholder of teco is an ex convict that came over here from PBLS, which is in banckruptcy.
actually, the stock has dropped like a rock since the first of the year.
teco has closed no deals; and has even cancelled some that had been announced as LOIs
imo, no news this week, pps wil fall, no quarterly report this week.
no oil = no revenue.
looks like you have 5 business days to close the first deal.
frankly, what acquisitions?
certainly not any oils fields.
name one acquisition.
regarding the Converse, LA LOI
<<Assuming satisfactory due diligence, the closing is to occur on or about November 15, 2009.>>
the CEO certainly wasn't looking at the calendar when he picked the 15th out of the air; it is a Sunday. one would think he might try a business day to close a deal.
frankly, i'm not an ex employee, but i am negative on TECO
Basher has not been wrong on points taken; 1) Ron Blackburn is a major stockholder and he did have the previous directors fired; 2) negative income; 3) etc, etc, etc
only have to wait two weeks for the next negative income statement, and updated O/S count.
Converse, LA LOI
<<The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.>>
hardly a multi MILLION dollar deal
two weeks to close deal. <<Assuming satisfactory due diligence, the closing is to occur on or about November 15, 2009.>>
the closing is to occur on or about November 15, 2009
the same day the quarterly report is due.
when does the quarterly income statement for July - Sept 09 come out?
probably the best post i have read on this site.
viki
On the outskirts of a small town, there was a big, old pecan tree just inside the cemetery fence. One day, two boys filled up a bucketful of nuts and sat down by the tree, out of sight, and began dividing the nuts.
'One for you, one for me. One for you, one for me' said one boy.. Several dropped and rolled down toward the fence.
Another boy came riding along the road on his bicycle. As he passed, he thought he heard voices from inside the cemetery. He slowed down to investigate. Sure enough, he heard, One for you, one for me..'
He just knew what it was... He jumped back on his bike and rode off. Just around the bend he met an old man with a cane, hobbling along.
'Come here quick,' said the boy, 'you won't believe what I heard! Satan and the Lord are down at the cemetery dividing up the souls.'
The man said, 'Beat it kid, can't you see it's hard for me to walk.' When the boy insisted though, the man hobbled slowly to the cemetery.
Standing by the fence they heard , 'One for you, one for me. One for you, one for me.'
The old man whispered, 'Boy, you've been tellin' me the truth. Let's see if we can see the Lord..'
Shaking with fear, they peered through the fence, yet were still unable to see anything.. The old man and the boy gripped the wrought iron bars of the fence tighter and tighter as they tried to get a glimpse of the Lord.
At last they heard, 'One for you, one for me. That's all... Now let's go get those nuts by the fence and we'll be done.'
They say the old man made it back to town a full 5 minutes ahead of the kid on the bike.
ahdioyoda In post# 5131 states that
<NITE is the one doing all the buying and selling to himself.>
so i'm guessing that there aren't as many shares being traded as you think, and nobody is buying any shares at all.
NITE is just buying and selling to himself.
97% are sells; people are getting out.
the KS deal cannot be closed.
frankly, the volume is 90% sells
is this the same joe grace who is with American Security Resources Corp, ARSC.PK ???
it's not current production; it is IF the deal closes, which imo will not occur.
thanks caprock,
i thought that was what had happened.
CA is on the paperwork for TK Holdings (which owns a large part of TECO), correct?
caprock, you & i both know that it is Ron Blackburn and money from Phoenix that allowed Blackburn to buy into Treaty. if Jim Justthere now thinks that Phoenix is not connected after talking to the CEO, i'm ready to let him invest/gamble in Treaty.
i just know that my money that is invested in Treaty will never see its way back to me. my question is, will the assets of Ron Blackburn in TECO show up in the bankruptcy proceedings of Phoenix?
deal won't close; Treaty can't get the loan, imo.
seems to be working
nice volume, but the pps won't increase; i wonder why?