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This message board is for potential investors to hear both sides of an investment and make their own determinations as to whether to invest or not. The factual information against investing in this stock is considerable. SmackDown
Maybe Tyrus Young (CFO of Orpheum Property, Inc.) should not have signed the bankruptcy petition then?
http://tahlequahdailypress.com/local/x2002134935/T-Bones-in-deep-debt-files-bankruptcy
The story going around is that Andrew Reid's Orpheum Properties promised to invest money into T-Bones to get the business out of debt...but never had the money to do it after papers were signed. Orpheum controlled the business as the new owner (new renovations, new menu and working on getting approval to process credit card payments to T-Bones) and they then attempted to control the asset through the bankruptcy court but the attorneys failed to file the court required documents.
SmackDown
Orpheum is controlled by Rampant Leon Financial (Preferred Stock) which is Reid's company that is now loaning money back to and possibly selling Texas leases to Treaty. Read through the PLFF public documents that are available...this company went dark on filings also late last year. SmackDown
If the price goes to $0.15 now that will have nothing to do with the investors that were scammed by the Belize fake oil strike. It either happened and an investor lost money, or it did not.
Treaty had no right to get peoples money through a trick or scam (fake oil strike) then use that money to attempt to build a company or other companies. If those investors already sold their shares their damage amount is already determined, if they have not sold and the stock price goes over the amount they purchased for then there might not be damages (unless a judge wanted to punish Treaty somehow).
Each investor situation is separate from the others. Why does a person buy in? How much did they buy in for? How much did they sell for? What is the amount of the losses? Were the reasons that investor bought in valid or misrepresentations?
These are my opinions. SmackDown
TECO's attorney Thomas Schafer, III, just lost a case in Oklahoma for TECO fringe company Orpheum Property, Inc.'s T-Bone acquisition and assets will now be sold at auction. Schafer filed a bankruptcy chapter 11 to stop creditors and bankruptcy court dismissed the filing by Andrew Reid's group and Mr. Schafer (and it looks like two local attorneys) about a week ago as they did not file required documents. IMO This does not bode well for TECO's fight against bankruptcy petitioners. Once the judge in New Orleans finds out these guys are filing scam bankruptcies to stop creditors from selling assets and then not continuing with the petition themselves. SmackDown
You can only blame Treaty if you were defrauded by them. It appears that in your last purchase that you have not lost much. It is the people that bought in during the fake oil strike in Belize that have very specific damages. The price spiked because of the fake oil strike announcement and most investors have not been able to get their full value out. Those are the damaged ones who can clearly identify their losses (Purchase Price minus Sale Price equals loss). Now if it is proven that Treaty was mainly just hyping and selling shares then you may have a claim for your losses even now. As I have stated before each person should consult their own attorney as these comments are my opinions. SmackDown
My bet is that the petitioners were waiting on getting an attorney on board if they did not have one. That attorney was probably waiting on TECO to show their hand with a motion so he could counter it and attack with a section g motion to show Treaty in insolvent and wasting shareholder money every day that could be recovered. This week will probably tell more of the story. These are my opinions, but we will soon see. SmackDown
The RICO is against TECO for using the same scam to get money from multiple investors. This will all come out soon.
There was no surprise by a Motion to Dismiss that only opens the doors for a petitioner motion for a section g. Good luck beating that.
There are no damages as the stock price has doubled since the bankruptcy filing. I can't wait to see who the attorney will be that represents this group.
Andrew Reid controlled company Orpheum Property, Inc has lost T-Bones and it has been closed and property to be auctioned now in July. Orpheum Properties, Inc. attorney Thomas Schafer III (same attorney representing Treaty Energy in the involuntary bankruptcy in LA) appears to have failed to hold a chapter 11 bankruptcy filing together and complete all of the documents required by the bankruptcy court statutes. The bankruptcy court then ordered a dismissal which is allowing assets to be sold. All before they could finish the new menu, and refurbish the dining or get a credit card machine. I wonder how much of TECOs Andrew Reid controlled fringe shares funding went into this venture.
https://www.facebook.com/pages/T-Bones-Place/179139162102347
Looks like it was a great place before the acquisition of Reid's Orpheum Property, Inc. group. Had problems but alot less problems and debt than Treaty Energy Corporation and Orpheum Property, Inc. have right now...plus it had revenue. One day it was planning a new dining menu and then closed to be liquidated!!!
Buyer Beware!!!!
These and my opinions and facts as you read them concerning T-Bones and these Andrew Reid controlled company acquisitions. Of course the blame will go on someone else... SmackDown
TECO's attorney Thomas Schafer, III, just lost a case in Oklahoma for TECO fringe company Orpheum Property, Inc.'s T-Bone acquisition and assets will now be sold at auction. Schafer filed a bankruptcy chapter 11 to stop creditors and bankruptcy court dismissed the filing by Andrew Reid's group and Mr. Schafer (and it looks like two local attorneys) about a week ago as they could not hold it together. This does not bode well for TECO's fight against bankruptcy petitioners. SmackDown
I believe that Treaty fringe partners or MMs are purchasing the stock to keep the price propped up for the bankruptcy court. They have to at least appear viable to survive this bankruptcy case. We all know:
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SNAPSHOT IN TIME!
1) From their public filings they are insolvent and lost over $11Million for the 18 out of 24 months they have reported information to the public;
2) Only the very strong pro-TECO followers would dispute the oil find in Belize was staged and that it was not a fraud on investors for funding;
3) The stock prices were going down daily until the bankruptcy petition was known to be filed. All the way down to $0.0078!
4) There was very little company revenue and according to TECO filings $52,007 per day was going to administrative expenses for the 3 months prior to the September 30, 2012 10Q;
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Treaty was almost hiding from making comments to the public up until the bankruptcy petition because their game was hidden at that time. Print some stock and move it to controlled interest to sell no matter what the price went down to whereby the money would be out of creditor/shareholder grasp but in Treaty management's personal control with fringe associates. Even if the stock was at $0.0078 and 1,000,000 shares of stock sold that meant fringe associates received $7,800.00 each day for the other controlled party interest.
Treaty appears to have been selling paper for years here and surely saved some of that money for a rainy day. That rainy day is now.
When the bankruptcy was filed TREATY had to start covering their tracks. Best way to do that is to get the stock going up again. The best way to do that was PRs and purchasing more stock by the fringe associates using money they had gathered also getting pumpers to buy more and get others to do so. Mark my words this will not last no matter what happens on June 12, 2013 as Treaty management has done too much damage to this company.
At the same time Treaty needs money to keep going so they have to orchestrate their own buy/sell system to gradually move the market up but also get as much money as possible back out. This is very creative (not sure if legal) in an attempt to attract new investors and cause the bankruptcy judge to believe TREATY is actually viable.
These are my opinions based upon the facts as I have seen them. SmackDown
Prudent investors already see through this game. Only the ones in too deep to get out are staying right now. This "dog" has had its day and will not hunt any more on the unknowing. Why would a moral person even try to get someone else to invest in this stock until after the June 12 Hearing has taken place? SmackDown
My bet is The interest rates on the Rampant Leon Financing loans will be more per day than what TECOs part of 300 barrels of oil will be. But TECO will not show any of that they will just issue them another 100,000,000 shares of TECO stock. LOL
TREATY ENERGY CORPORATION OPERATING LOSSES as of last filed 10Q dated 9-30-2012 (FACTS straight off the 10Q):
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TREATY ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
9 Months Ended 3 Months Ended
2012 2011 2012 2011
Operating
Loss: (6,884,904) (4,154,794) (5,096,620) (1,031,030)
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divide by: 270 days 270 days 90 days 90 days
___________ __________ _________ _________
Daily Loss
Per Period:($25,500) ($15,388) ($56,529) ($11,455)
When you add the 9 months prior to September 30 from 2011 and 2012 you get $6,884,904 (2012) and $ 4,154,794 (2011) that totals $11,039,698.00 in Operating Losses for two years without counting 6 months.
These losses were not caused by bankruptcy petitioners!!!!! Treaty will have a tough time proving to a judge they have overcame this involvency with what...more loans? Belize drilling without a contract and more dry holes? or small amounts of revenue from a couple small Texas wells?
These are the facts as Treaty Energy Corporation has given them to us. SmackDown
Andrew Reid's Orpheum Property, Inc's latest acquisition files chapter 11 bankruptcy T-Bones. Using Thomas E. Schafer III as the bankruptcy attorney for them also.
http://tahlequahdailypress.com/local/x2002134935/T-Bones-in-deep-debt-files-bankruptcy/print
Wake up TECO shareholders! If TECO gets out of the Involuntary 7 you can bet on a voluntary 11 following right behind it to stiffarm you from finding out what has been going on.
SmackDown
OK, so does it look better if we just say do the math? The math says TECO spent as of 9-30-2012, for the prior 3 months, an average of $52,007.00 per day for just Administrative Expenses.
If we take out the syphoning it even makes the company look worse as the number is a real $52,007.00 per day according to their numbers.
My presumption was that the 100,000,000+/- shares of TECO stock issued to Andrew Reid's "Controlled Parties" AND "Controlled Companies" was part of those costs, but maybe not!!!
Do you think the shares of TECO stock to Andrew Reid controlled parties were in addition to the $52,007.00 in daily administration expenses for that 3 month time period?
If so then 100,000,000 shares of TECO stock at say $0.035 would
equal $3,500,000.00 in TECO value to Andrew Reid controlled parties and companies for those 3 months. $3,500,000.00 divided by 90 days = $38,888.90 per day given to Andrew Reid controlled parties and companies.
If we do not presume that the Andrew Reid parties stock was part of the $52,007.00 Administrative Expenses then we have to add that $38,888.90 to the daily burn of $52,007.00 which is a total then of $90,895.90 per day.
I would think the shareholders would be more comfortable "presuming" the Andrew Reid stock gifts of $38,888.90 daily were syphoned from and a part of the $52,007.00 rather than to be added to it which would make a daily burn rate of the $90,895.00...but basically choose your poisen as they say.
SmackDown
That post was not "presumption", it was clearly numbers directly from the last filed Treaty Energy Corporation 10Q. FACTS!!!!
TECO has $52,007.00 in daily administration expenses and here is how you get to the number.
What I am saying is they were making it look like $52,000.00+ per day to shareholders so they could create a syphon that would benefit TECO management's fringe controlled parties and companies. As a company it still appears that way to shareholders at $52,000.00+ and that much TECO VALUE did go out, but not for real and actual expenses (at least according to Sean's cc), that is the problem here.These numbers do not include leases, loan interest and drilling expenses!!!
From the Treaty 9-30-2012 10Q
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TREATY ENERGY CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended September 30, 2012
EXPENSES
General and administrative: 4,680,631
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$4,680,631.00 divided by 90 days = $ 52,007.01 PER DAY
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These are Treaty Energy Corporation's numbers and facts as we know them. SmackDown
This is a great post and good information for the bankruptcy petitioners' attorney to use against Treaty. When you compare what Treaty's spokesman is stating in the company cc to what Treaty discloses in their 10Q it is clear that someone is syphoning. SmackDown
Section g ahead as TECO cannot state the truth to the court and that is a serious mistake on their part!!! SmackDown
It appears TECO's true administrative expenses are less than this amount but they issue 10s of millions of shares to "fringe" partners (controlled parties and companies). The purpose for that appears to be so that Andrew Reid controlled companies and parties can dispose of the stock then finance Treaty with toxic and controlled loans or purchase old oil leases then set up new LLC's to sell to Treaty at high costs. (Rampant Leon Financial loans and leaseholds) and (C & C Petroleum Management, LLC $600,000)are just two examples of this.
This company appears to be built to pump, dump and syphon. Or syphon, pump and dump by fringe partners. That leaves the company insolvent and probably liquidated in bankrupty. Sometimes people just outsmart themselves. These are my opinions taken from data from TECO publicly filed documents. SmackDown
According to the last filed 10Q date ending 9-30-2012 if you look on the Administration expenses for the 3 months prior to 9-30-2012 and divide that by 90 days it equals $52,005.00 per day.
Great Catch! Looks like what they call perjury to me!! Telling the court the stock has lost value but yet in truth it has doubled since the bankruptcy petition was filed. Yeah that will be difficult to explain away now. I think we are getting ready to see alot of that hard to explain stuff!!! LOL SmackDown
There is no money to TECO in those two wells. The math and percentages have been shown on this board. TECO tries to sell 8 quarts of milk out of a gallon...that does not work.
I can't even imagine how Treaty would leave the wells (holes) in Belize if they are not even plugging the ones in Texas they are required by law to plug.
It appears the TECO stock is getting help/propped up from Treaty Energy Corporation Market Makers and pumpers in order to get the stock up to look good to a bankruptcy judge.
One only has to consider what was happening up until TECO knew the bankruptcy petition was on its way to the courthouse...$0.0078 and going down almost daily (FACT)... and no communication from Treaty Energy to address various issues(FACT).
Now it seems TECO's only hope to survive liquidation and probably more importantly exposure of details on the fake Belize Oil Strike of January 2012 is to demonstrate some sort of viability to the court and knock out the complaint of every one of the bankruptcy petitioners before a judge digs too deep.
These are my opinions and facts (stock price and communication), time will soon reveal the details. SmackDown
Mr. Weyand did not even quote the regulation correctly as it was
107 of the 1995, not 1999 regulations.
"23. The EPA seems to make mandatory an EIA for persons intending to undertake any project which may significantly affect the environment. Section 20(1) of the EPA states:
20.-(1) Any person intending to undertake any project, programme or activity which may significantly affect the environment shall cause an environmental impact assessment to be carried out by a suitably qualified person, and shall submit the same to the Department for evaluation and recommendations"
Treaty seems to have the same MO every time they need something. When they needed a licensed operator in Texas they used two employees/associates and started C & C Petroleum Management, LLC in Indiana and then...bought it with shareholder money but kept the same owners in for applications to the State of Texas. When they needed an Environmental Impact Assessment they use a known associate/employee to write it up under a "Consulting" name to appear to comply with the Belize EPA regulations.
Is someone that has nothing but financial references and education and is financially conflicted out because he works for TECO management "a suitably qualified person" to do such an important assessment? I would not think so. SmackDown
Exactly: TECO business plan is to Pump a dream that looks just real enough to promise financial success to an investor...then sell as many shares as possible before anyone catches on, when someone questions you...sue them or slander their name in an attempt to make them look bad to everyone else. It seems this process is soon to stop!!!!! I think this bankruptcy group hit TECO at the perfect time so that assets cannot be moved like happened with Gwyn, Blackburn and others before, or if assets have been moved they will be brought back into the corporation for proper liquidation.It is almost like some of the petitioners knew and watched TECO transfer funds and assets out of the company before pouncing timely on them. SmackDown
So do you have any idea what "Environmental Impact Assessment Regulations No. 107 of 1999 and the Terms of Reference agreed with the Belize Department of Environment." is that is noted in the Weyand EIA?
And what about the original Environmental that was completed by an agent/employee, Benjamin Weyand, of Treaty under a new company name to appear to be a consultant in Texas? I think I would side with the person from Alaska that actually has a degree, over someone still working for Treaty's management controlled companies and parties in financial. LMAO SmackDown
I have spoken with several lawyer friends also and it appears that just one claim for fraud will liquidate TECO. We all know what happened with the fake Belize oil strike and the subsequent losses investors took...one of those claims alone will liquidate this company. Those numbers are clear, the boots are clear, the videos are real, the money changing hands is real and this involuntary bankruptcy case against Treaty Energy Corporation appears to be solid. Treaty MMs have to work every day to keep this stock propped up in an attempt to look good to a bankruptcy judge who previously ruled that Treaty Energy Corporation was created with an act of fraud against the old owners, but at the same time be pumping and printing stock to sell. What a difficult situation to try to manipulate. SmackDown
Treaty does not appear to have the management skills to put the accurate numbers together in the best interest of potential investors as everything is skewed to a favorable view for Treaty. Look at the record here and the company being $10Million in the red as of the last filed 10Q, being subjected to bankruptcy and the fact that they know the SEC filing dates and have not met them. SmackDown
Those numbers look accurate. Numbers do not lie!!! The old and new numbers continue to be the same with this company. Hype and sell, hype and sell...Never give up the break even numbers as that will scare away old/new buyers/investors. BUYER BEWARE!
Some may be rolling on the floor laughing but not the investors that believed these scams and tricks then lost real money!!! There is no new material until Treaty answers for the old material...that is how accountability works in business. Personally I wouldn't believe that those who outright tricked others out of their life's savings would have the gull to make a post on the same board. Especially if they made statements like they were laughing at financial losses. SmackDown
Ok, so was a fake oil strike in Belize that moved about 150,000,000 shares of TECO stock and so was the very foundation of Treaty Energy Corporation which now has about 1.5Billion shares of stock out. It appears to be all about whether you get caught or not. LOL
Oceana should be using this information...You really can't make this stuff up. Well okay these Treaty guys did and got it past someone of authority in Belize to make it appear real.
Coin, that is probably what they ARE doing right now and let people try to catch up. I said before that is why they have not put a specific contract together with US Fuels yet...this way they can change things as they go IF NEEDED. Possibly just assigning everything to US Fuels and US Fuels enter into an agreement with a TECO fringe company that will be difficult to connect to TECO.
And of course we are starting to see now how that worked out after Judge Brown's May 2012 ruling that Treaty Energy Corporation was created by an act of fraud by Blackburn on the original owners. SmackDown