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Could you share the link again that specifically states that the TRRC says he committed fraud? Also, could you share the link that states he was a gas station attendant for ARCO? Thanks.
Nope, it actually finished up today.
Conjecture.
Must have been the interference then.
The could have been a commitment for a loan and when the fake BK happened, the lender backed out.
No, an investor may be someone that loans money and receives interest for his investment. Not the same as a partner in a well or lease.
"Sufficient funds committed" can mean money from an investor or investors.
Or because of interference investors backed out.
"What's wrong with interfering ..." Wow! Well this can happen:
On November 6, 2013, Mack Maxcey was sued by Treaty Energy in Coleman County for deliberately interfering with operations in Tuscola, Texas.
These actions taken by Mr. Maxcey resulted in significant setbacks to Company operations. Mr. Maxcey went online and distributed untrue information, which was then disseminated by additional parties that Treaty Energy has warned investors about which spurned undue investor concern regarding operations on the Mitchell and Stockton leases.
http://www.treatyenergy.com/sites/default/files/MaxceySuit.pdf
An interfering party could have an interest. A petitioner in the fake BK could have an interest.
A non-investor would care if they had something to gain from Treaty failing.
That doesn't answer the question. Non-shareholders should have no interest in the matters.
Why would non-investors care?
What would be the reasons non-investors would want answers to the questions?
I don't know what a "mute" point is. Moot yes. Maybe that's what was intended.
A stolen rig with a fake title pass through customs? LOL! Where is the police report for this stolen rig? Link please.
How does a stolen rig pass through customs?
Has anyone been to Belize to check the serial numbers on the rig to see if it's even the same one? How would a stolen rig pass through customs?
Without links to support it, a private dealing repeated by a third party is hearsay. Even if it's true, it doesn't give him the right to interfere and stir up trouble in Tuscola. That's why he is being sued.
That is a bunch of hearsay.
From Arcadia Drilling, not Treaty.
It probably has something to do with this:
"On November 6, 2013, Mack Maxcey was sued by Treaty Energy in Coleman County for deliberately interfering with operations in Tuscola, Texas."
http://www.treatyenergy.com/sites/default/files/MaxceySuit.pdf
"Incredible Penny Stocks: What is a Form T-Trade?
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.[color=red][/color]After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price."
There's always more to the story. Thanks for enlightening us.
We will see who's right in the coming months! LOL!
Everyone has made mistakes and then learns from them. The past does not equal the future. It is ridiculous to assume that. John Bell is a very educated and skilled petroleum engineer with vast experience. He, along with Inspire, will help Treaty maximize their wells and leases. The future looks very bright for Treaty!
Several areas of funding are in the works. It won't be long.
Treaty has a lease on the Kubacak. One well already has a permit.
Of course Anton's well is not ours, but it shows the potential of what our wells on the Kubacak lease may be!
Not "seculation", but yes hearsay. I heard the same thing.
Where are the links for arrests & convictions for the so-called fraud that you speak of?
I asked for a link for an arrest & conviction and this is the quote I received:
"I think it was posted with the SEC."
So no, that is not a misquote.
Quote:
"It takes a while for the SEC to get things done. I feel there is much evidence to comb thru when it comes to Treaty. I can wait."
"Yes. Even SEC cases last 5 years. That is quit recent and not a very shiny resume."
Looks like any possible SEC investigation is years away from completion. No reason for anyone to be concerned about it now.
So there is an arrest & conviction, but only the SEC knows? LOL!
Great team with much experience. Treaty will now get the most of their wells & leases moving forward. I hear there's a few surprises in the works also. Exciting times!
Good thing Treaty and it's investors are looking forward with the great team that's being assembled.
Looks like great things ahead for Treaty:
Treaty has Retained Inspire Energy Services of Houston to Conduct a Review of its Oil & Gas Operations, Business Strategy and Leadership Needs for the Future
NEW ORLEANS -- Mar 11, 2014 -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company, today announced it has retained Inspire Energy Services (www.inspireenergyservices.com) effective March 10, 2014 to conduct a full review of the Company’s oil and gas operations and assets to further develop and enhance the Company’s on-going oil and gas strategy.
Inspire is a group of petroleum engineers and business development experts who advise small public and private companies seeking investment in operated and non-operated oil and gas exploration. The consultants review reserves and recommend reserve value, property acquisition and financing strategy as well as direct operational efficiency. Inspire Energy Services advocates to management framing in reasonable stock price targets and works to disseminate that information through the management to the Company’s current and potential investors.
In early March, Inspire representatives conducted an initial review of the Company’s assets and recommended a test through March 9th of the Gray Sand on the Stockton #2 well. The Company, in conjunction with the recommendations from Inspire, installed a new pump jack on the Stockton #2 well. The Gray Sand zone produced signs of oil production; however Inspire believes that based on geological data that the upper zone in the Gardner Limestone will yield greater production potential. The Stockton #2 well yielded promising returns on its initial test.
The petroleum engineer and spokesman for Inspire evaluating Treaty Energy’s assets with Inspire informs, “It is important to spend a reasonable amount of time doing longer less time-sensitive production tests before making long-term investment plans. Direct off-set wells to the Stockton #2 well have been consistent producers at fairly low water cuts. The Mitchell #3 and #4, located on the lease next door, were evidence of this consistent high-yield production.” The Stockton #3, which was drilled immediately after the Stockton #2, remains uncompleted.
Inspire’s spokesman continued with, “The production tests that we are conducting on the Stockton #2 will be used to develop completion plans for the Stockton #3. In addition, the information on the Stockton #2 and Mitchell lease, which was previously drilled by Treaty, will provide us the ability to develop a large scale drilling and completion strategy on the Kubacak lease, which is being looked at as a large scale investment project.”
On the subject of Treaty Energy, Inspire’s spokesman further commented that, “Inspire believes that Treaty Energy has not always had the benefit of a thorough engineering assessment of their field operations. Recent operations have been successful based on prior geological data. However, with the new drills on the Stockton and Kubacak leases, a thorough reservoir and production study needs to be done. Inspire intends to ensure that the dollars spent in the field yield the highest return per investment dollar and, more importantly, maximize oil and gas production.”
In addition to the completions scheduled for the current lease holds in the oil leases in Taylor County Texas, Inspire has recommended reviewing additional acreage acquisitions in the Abilene area. Inspire has already begun to evaluate new projects beyond the Kubacak lease for the Company.
Inspire has also done a preliminary evaluation of the Company’s Belize Operations and believes that there may be significant possibility of success in that area. The Company’s Belize operations have been on hold since November of 2013 after it was unable to successfully retrieve a stuck packer from its San Juan #3 well. The Company has remained in negotiations with Princess Petroleum since then and has not committed to a full pull out of operations in the region. Inspire believes that with increased investment dollars in the region, a large multi-rig drilling project is very possible, but would require a complete restructuring and renegotiation of the project from both Treaty Belize Energy, LTD and Princess Petroleum. Nevertheless, the Company is actively seeking other possible international ventures in the region.
Despite significant positive changes to Company operations already, Inspire representatives are projecting several weeks before making specific recommendations. Inspire has indicated that in order to move the Company towards increased future success, several additional dramatic changes may be necessary to improve production and drilling operations.
Andrew V. Reid, the Company’s current Chief Executive Officer, stated, “I am fully on-board with the changes that Inspire has already recommended and look forward to reviewing the future changes they will recommend. Treaty and its management have undertaken a tremendous effort to move the Company on the right path since its unsuccessful marginal well project in 2012. In the third quarter of 2013, Treaty posted its first net profit in Company history.”
Mr. Reid added, “Now, we are looking to lead with oil and gas professionals on board. Several positions, including the CFO and CIO positions remain vacant and need to be filled. We have asked the Inspire team to recommend sound leadership including new management where necessary. Shareholders should rest assured that large scale positive changes are on the way.”
You can't find what's not there. If there was, someone would be giddy to post it.
Show me a conviction for fraud.
No, this is where it was first mentioned:
againstallodds Wednesday, 03/19/14 02:31:19 PM
Re: bigdaddy21c post# 75662
Post # of 75722
One by one they get discredited,
or at least stains are being found in their pedigree... IMO