I have seen no proof. Evidence is not proof. And I have seen no arrest & conviction, so if there is, show it.

Has anyone been convicted of fraud? Be careful of libel.

What exactly is the criminal record? Please show proof of arrest & conviction.

Do you have links for an arrest & conviction for this felony you speak of? Otherwise there is no felony.

You can find "stains" on just about anyone if you look hard enough. That doesn't mean they won't be a great consulting team for Treaty.

Looks like a great team Treaty has begun to assemble. Here's another one:

Hien Vu

Hien Vu has more than a decade of on-the-ground experience with leading investment and banking firms in South-East Asia, having worked in real estate, fund management, and international trade. Currently, Hien is Saigon Asset Management (“SAM”)’s Managing Director for USA Operations with a focus on cross-border transactions and investment advisory services. Hien was formerly SAM’s Managing Director of Real Estate Investments where he specialized in fund raising, portfolio management, and direct investment in real estate projects.

Prior to joining SAM, Hien was the CEO of CitiPlus, a boutique real estate development & consultancy firm. At CB Richard Ellis (CBRE), he was instrumental in the creation of its Corporate Services and Investment Properties Divisions in Vietnam. Hien was a Client Manager at Calyon Corporate & Investment Bank, where his duties included financial analysis, project-based financing, loan appraisal, and marketing of the bank's facilities and services to multinational clients. Hien was a Project & Trade Executive in the Iron & Steel Department of Sumitomo Corporation, one of the largest trading houses in Japan. Fluent in English and Vietnamese, Hien earned a Master’s degree in Real Estate Development and Investment at London's University of Greenwich.

Jimmy Lam

Jimmy Lam's primary responsibilities include financial modeling, due diligence, transaction execution, valuation services and portfolio company management. He also works closely with Inspire Value’s portfolio companies on such activities as raising and structuring debt or additional equity, providing merger and acquisition, divestiture advice and investor relations.

Jimmy graduated from the University of Houston with a bachelors in business administration with honors. He is a board member of Community Family Center, a local nonprofit organization, and is vice chair of the University of Houston Professional Network.

Bo Ritz
Bo Ritz is the Founder of InspireValuecom and Managing Partner of Micro Capital Venture Partners, LLC a private equity firm focused on early-stage companies.

Bo had formerly been an owner and principal in a FINRA broker-dealer and his career began as an institutional bond trader in 1989. His experience in the securities and finance industry includes both private and public aspects on most facets of the industry with a specialization with micro and small cap financial structures. He has personally sold virtually all financial products, with a primary focus on US government mortgage-backed securities.

Having extensive experience in the securities field, Bo is in a unique position to guide developing corporations. Bo has a vision for creating specific and reasonable processes for small business organization and finance. Through his advocacy, he has helped dozens of businesses achieve their goals. The pending “Crowdfunding Model” will be a further tool in helping this business and Bo is oriented towards Spurfunding.com being a leader in this area.

Bo has stayed active in Texas A&M University over the years through his serviced with the Mays Business School at Texas A&M University as a board member of the Center of New Ventures and Entrepreneurship. He is also active at assisting the commercialization process for many technologies developed at the University. Bo additionally serves as a member of the Wolff Center for Entrepreneurship as a mentor at the University of Houston.

Bo has contacts throughout the service world including securities attorneys and accountants capable of supporting publicly reporting companies. Bo is available as an expert in securities structuring for small deal finance, valuation services, litigation support for value and other testimony and crowd-funding strategy and the pending law.

Bo Ritz, Managing Director

Bo Ritz is the Founder of Inspire Value Energy Services and consulting and private equity firm focused on early-stage companies oil and gas companies. In addition to being in investment banking for over 20 years, Bo has continued to stay current with oil and gas engineering. Bo has his original BS degree from Texas A&M University in Petroleum Engineering and later returned to complete his Master’s Degree in Petroleum Engineering. Bo has an extensive network of oil and gas contacts ranging from banking clients and investors to all facets of engineering and oil and gas operations.

Bo had formerly been an owner and principal in a FINRA broker-dealer and his career began as an institutional bond trader in 1989. His experience in the securities and finance industry includes both private and public aspects on most facets of the industry with a specialization with micro and small cap financial structures. He has personally sold virtually all financial products, with a primary focus on US government mortgage-backed securities.

Having extensive experience in the securities field, Bo is in a unique position to guide developing corporations. Bo has stayed active in Texas A&M University over the years through his serviced with the Mays Business School at Texas A&M University as a board member of the Center of New Ventures and Entrepreneurship. He is also active at assisting the commercialization process for many technologies developed at the University. Bo additionally serves as a member of the Wolff Center for Entrepreneurship as a mentor at the University of Houston.

Yes and it's also ancient history (2008). What a person reads on a website doesn't even begin to tell the whole story. Without talking directly to the parties involved, it leads to conjecture & speculation.

Reserve Estimations
In late 2008 the SEC proposed the first reserve reporting rules revision in 25 years. This has led to much angst by small companies trying to keep pace with the regulatory reporting requirements. The Inspire Team is comfortable with the recognized industry reserve and resource definitions, specifically those set forth by both the U.S. Securities and Exchange Commission Regulation S-X Rule 4-10(a), and the 2007 Petroleum Resources Management System approved by the Society of Petroleum Engineers. We employ deterministic methods to estimate reserves for most evaluations and also utilize stochastic methods to determine probabilistic estimates of reserves for many exploration studies, early field development projects, and large field developments.

• Production Engineering and field reservoir analyses.

• Net equity determinations

• Secondary and tertiary recovery modeling and simulation.

• CO2 and other enhanced recovery feasibility studies.

• Strategic drilling strategies for maximizing efficiency in reserve increases.

• Pipeline strategies and gas deliverability plans.

• Probabilistic reserve modeling

• Production Facility Analysis and technology valuation.

Economic Analysis
Inspire Energy Services provides economic studies and related services within the petroleum industry. These services include analysis for both personal and company interests. The Inspire Team will prepare reserve audits, due diligence studies, and gas contract analyses. These evaluations are used in property appraisals for investments, financing, acquisitions, mergers, and other fair market value purposes. We can independently evaluate pricing, expenses, capital, and the reasonableness of future development plans.

• Public and private assessment and evaluation of oil and gas properties.

• Investment Banking support documentation and due-diligence.

• International economic analysis for certain jurisdictions.

• Fairness opinions and market value determinations

• Tax appraisals for estate planning and corporate strategy purposes.

• Commercial banking support for loan proposals and financing options.

• Specialized royalty calculations.

Bo Ritz, Managing Director
Bo Ritz is the Founder of Inspire Value Energy Services and consulting and private equity firm focused on early-stage companies oil and gas companies. In addition to being in investment banking for over 20 years, Bo has continued to stay current with oil and gas engineering. Bo has his original BS degree from Texas A&M University in Petroleum Engineering and later returned to complete his Master’s Degree in Petroleum Engineering. Bo has an extensive network of oil and gas contacts ranging from banking clients and investors to all facets of engineering and oil and gas operations.

Bo had formerly been an owner and principal in a FINRA broker-dealer and his career began as an institutional bond trader in 1989. His experience in the securities and finance industry includes both private and public aspects on most facets of the industry with a specialization with micro and small cap financial structures. He has personally sold virtually all financial products, with a primary focus on US government mortgage-backed securities.

Having extensive experience in the securities field, Bo is in a unique position to guide developing corporations. Bo has stayed active in Texas A&M University over the years through his serviced with the Mays Business School at Texas A&M University as a board member of the Center of New Ventures and Entrepreneurship. He is also active at assisting the commercialization process for many technologies developed at the University. Bo additionally serves as a member of the Wolff Center for Entrepreneurship as a mentor at the University of Houston.
Thom Falls, Business Development
Thom Falls has thirty years experience as a financial consultant to small and medium size companies. Specializing in analysis of a company’s financial position and developing an efficient management plan. He also works with companies to develop a sound business plan to help facilitate debt and equity financing. His background in commercial banking lends to understanding a company’s financial needs.

Thom has been a financial consultant to several companies since 1980. Recently these include Blue Rock Energy Capital, LLC, Houston, Texas; Lotus LLC, and Snow Oil and Gas, Andrews, Texas; MCG Drilling, LLC, Archer City, Texas; Barron Energy, New Braunfels, Texas; Reh Oil and Gas, LLC, Pratt, Kansas; Circle M Welding and Services, Inc., Snyder, Texas; Green Country John Deere, Tulsa, Okla. He is a founding stockholder, member of the board and Chief Operating Officer of the Native American Television Network based in Las Vegas, Nev. He has developed financial and marketing plans for such companies as: Green Country John Deere, Tulsa, Okla.; The Studios at Las Colinas, Dallas, Texas; Ranch Studios, Austin, Texas; Studio 41, Albuquerque, New Mexico.

Currently, he serves on the Advisory Board and is Adjunct Professor to the MBA program in Sports and Entertainment at the University of Dallas, Irving, and Texas.

He is a graduate of Texas Technological University, BS and MS degrees. He attended The Ohio State University, Columbus, Ohio and Texas A&M University, Ph.D program. While at Texas A&M, he served as an aide to U.S. Representative Bob Poage, Chairman of the House Agriculture Committee. He graduated from the National Commercial Banking School, Oklahoma University and qualified for the Series 63 Securities license.

Ron Wefelmeyer, Petroleum Engineer
Ron Wefelmeyer has over thirty years’ experience in oil & gas acquisitions, well completions, drilling, environmental, exploration, production and reservoir evaluation with significant management, mentoring and well site supervision skills. Has worked on wells all across the United States from the shallow mid-continent reservoirs to the complex deep, high temperature and pressure Gulf Coast formations. Possesses the cross discipline skill to identify, analyze and timely render solutions to problems that overspecialized single discipline engineers fail to recognize. Has been disposed as an expert witness in legal and regulatory affairs.

Specializes in the analysis of correcting problem petroleum assets. Understands the physical limits of the old technology used in the past for identifying petroleum reserves and finds new opportunities in mature properties. Thoroughly evaluates all available data in each petroleum venture to minimize risk. Has the experience to recognize the economics of using older methods of recovery that have been forgotten in the current curriculum. Also has the ability to communicate and inform non-technical individuals of the complexities in oil and gas operations that are difficult to understand. Uses these talents to motivate all office and field personnel to perform at their maximum levels.

Ron attended the University of Tulsa on a football scholarship and earned a Bachelor of Science degree in Petroleum Engineering in 1978. He spent two years (1979 & 1980) at Mitchel Energy evaluating all their open logging. He also worked in their massive hydraulic fracture program. This technology was later used for the framework in developing the Barnett Shale which was the first unconventional resource play. He spent eight years working as a Reservoir Engineer for Miller & Lents, Ltd evaluating wells all over the United States on an annual basis. He was the lead engineer for determining reserves in the Total Minatome $615 million acquisition of CSX Oil and Gas in 1988. He has been an independent petroleum consultant since 1989 and has participated in multiple oil and gas ventures. Since 2001, he has been retained by Pioneer Exploration, LLC to manage all their legal and special production problems. He also certifies the compliance of the new federal offshore standards implemented in 2010. He is a registered professional engineer in the state of Oklahoma and elected board member of Brazoria Municipal Utility District 22.

Drilling and Production Services
Project Management
The Inspire Energy Services team can take a project from pre-spud planning through completion and production, including location construction and facility installation. Project management services are aided by advanced video conferencing in each of the company’s offices to ensure quality communication with clients. Designed to meet the needs of our customers, services include:

• Drilling engineering

• Workover and completion engineering

• Stimulation

• Sand control

• Facility design

• Field reviews and workover recommendations

• Log Analysis


Drilling Engineering
Years of drilling experience in all types of geological environments assure competent well design. The Inspire Team has planned, managed, and completed projects on thousands of wells: high temperature, high pressure, high deviation, and horizontal bore holes, onshore and offshore across the Gulf south region and beyond. Extensive research and evaluation of offset well data is used to produce a comprehensive well plan that includes casing design, mud requirements, and completion options.

Rig Operations and Completions
The Inspire Energy Services Team includes qualified consultants that are available to provide wellsite and office supervision for drilling, completion, workover, and abandonment operations, either individually or on a larger project basis.

The Team can also provide consultants who are specialists in coil tubing, snubbing, and wireline operations. These experienced professionals are able to supervise procedures including production zone changes, sand control, stimulation, bottom hole pressure acquisition, and other downhole operations. These services can also be provided on a project management basis. Additionally we can design and supervise the installation of new facilities and the modification of existing ones. Other services provided by this group of construction consultants include rig platform modifications and decommissioning, salvage operations, and site clearance.

Technology Development and Ancillary Services
The Team has analyzed advances in water purification, gas to liquid conversion plants, Iodine recovery and many other relevant technologies. Additionally the Team can advise on related services including:

• Environmental engineering

• Regulatory compliance

• Platform inspections

• Abandonment and Plugging Options

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.”

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.

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 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.

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.

Andrew V. Reid, Treaty Energy Corporation’s Chief Executive Officer stated, “The Company is excited and thrilled to have John Bell join us at Treaty Energy. In the short time he has been aboard, Mr. Bell has evaluated Treaty Energy’s asset base and has made strong recommendations to improve operations. Mr. Bell has plans to solidify production on the Stockton lease, move forward on the Kubacak lease drilling project and evaluate available reserve development prospects. Mr. Bell’s hiring will bring much needed oil and gas experience to the Company. His experience and guidance will help Treaty Energy move forward in its goal of improving and expanding operations.”

Since 1992, Mr. Bell has been an independent petroleum engineering consultant, specializing in developing proven bypassed reserves for small and medium sized oil and gas operators. He has expertise in marginal well operations, developing improved versions of oil and gas drilling, work over equipment, the design and construction of oilfield electrical distribution and oil and gas separation systems.

In 1987, Mr. Bell joined ARCO Research in Plano, Texas as a Drilling Project Manager where he designed, built and tested the first down hole modeling casing cementing monitoring system as well as other significant fluid monitoring applications and patented concepts. He returned to ARCO Oil and Gas Co. in 1990 as a Production Supervisor in East Texas where his work in work over and deepening operations, to develop bypassed reserves in the East Texas Field, had a significant positive impact.

Mr. Bell received a Bachelor of Science degree in Petroleum Engineering from Colorado School of Mines in 1981. He joined ARCO Oil and Gas Co.’s Gulf Coast division as a Drilling and Completion Engineer, worked in deep, high pressure and temperature gas drilling, completion, and stimulation operations. In 1985 he transferred to ARCO ALASKA, Inc., where he worked in Drilling and Completion Engineering and arctic well site supervision in Alaska’s North Slope fields for two years. Mr. Bell attended the University of Alaska’s Arctic Engineering and Engineering Management program while employed with ARCO ALASKA, Inc.

NEW ORLEANS -- Mar 18, 2014 -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company, today announced it has hired John Bell, formerly of ARCO Oil and Gas Co., to the position of Oil Field Operations Manager to oversee the Company’s national and international oil and gas operations.

Among Inspire Energy Services first recommendations to Treaty Energy Corporation, John Bell, a petroleum engineer, has been hired to the position of Oil Field Operations Manager for Treaty Energy Corporation. This new position is considered a significant hire for the Company as it moves to further improve operations after its financial recovery in the latter half of 2013.

Maybe you should find out before you post these things. Maybe it's not him. Pretty common name.

Like panther said, their impressive credentials are on their website. Perhaps you have some facts about some accounts where they have not been successful. If so, post them.

Why would someone who is 'giddy' about a Treaty SEC investigation care about Inspire's accomplishments? I'm sure they gave their credentials & accomplishments to Treaty when they were interviewed.

Quote:

"I would also suggest that a little research on how long it takes the SEC to bring a case would be prudent. I personally am a little 'giddy' about it coming."

I think most investors are pleased with Inspire coming on board and the chances for success of the Kubacak leases. I also think many investors would be 'giddy' if the SEC comes down on those that attempt to damage Treaty.

Yep, and Treaty will have some legal fees for this:

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

Either it does make a difference or it doesn't. Which is it? Obviously the right man can make a huge difference.

If it makes no difference that Gwynn is out, then why was it important to bring up his history with links over & over?

To say MMs don't manipulate Treaty is refusing to admit it or being very naive. It happens almost every day, especially around lunch time.

"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."

"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.

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."

Yep, lots of people investing in Treaty today! Great news!

Thanks for the DD dloggold. Looks fantastic!

From Treaty's Jan. 21 newsletter:

"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

That's speculation.

That link that has been posted numerous times has nothing to do with Form T trades.

Anyone who thinks a Form T trade means dumping or diluting is speculating.

"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.

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."