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The rig backs up on a subframe which elevated the rig 5-8feet above the drill site
where is everyone?What has happened here?
Treaty could not use the company name without there official permission,r they could trey to satisfy you and get sued.The letter was probably edited by there legal advisor.
I am sure they will file soon.With all that Treaty has done over the past year the audit must be a nightmare.
As soon as they file they will show as compliant again.Everyone needs to be calm and let them do there thing.
Looks like a real pumper.Still no news on there Belize deal with Treaty.It would seem that is there only real deal to date.If there is no update soon this is going to continue the downward spiral.
I am in the same boat you are and I expect to achieve a huge loss on this one.I can only pray they exercise their option with Treaty which could be our life boat.Good Luck!
read the 8k that just came out.I think it answers ahere the funding came from.
Ron
The short term fate of this company depends on their Teco investment.Hopefully they exercised their option on 3/12.
If this back slide does not stop soon it could get ugly.I have several thousand shares and I am still ahead but I am preparing for the worst.
your question was a fair question.I did call Mike Mulshine and he said a 8k should have been posted but their SEC attorney has been overloaded.The filing should be out today or tomorrow.He did say it was not a stock deal.
I agree with your assessment.I know that Treaty management must appreciate steadfast supporters like you have been for a long while.
a large market sell order.It was either a rookie or a hater.Teco will always win as they continue to grow.
The company will post news when it is available and that is not always as this board thinks it should happen.
I have been investing in penny stocks for many years and have never seen a stock like this one.This company has enough value in equipment alone to validate the sorry pps it currently has.
I will hold my millions of shares and add as I can as I think treaty is one of the rare pennies that will make its shareholders huge returns on their investments.
On another note does anyone know what is going on with level II on I HUB?
The article released was stated as if they were the partner of Princess which in fact was not presented correctly.This company has a 4% interest in Treaty Belize Energy which is the Jv partner with Princess.I read that they have a option to go to a 10% position but did they exercise that option?My guess is they did not or they would have released a press release.Reverse splits are a dangerous play in penny stocks and if they do not stop this serious decline in pps this company could see similar results to many companies that have tried the same method to increase their stock price.
I hold several thousand post reverse shares and am hoping for the best but it does not look good at the present time.Hopefully management will soon announce some news that has meat not potatoes
you hit the absolutely correct answer in my opinion.It is their country and they do not have to do anything but sit back and collect there millions of revenue from Treaty.
these people attack their own officials that try to do the right thing for the people of BELIZE.I often wonder what their motives are and who is behind this type of anti government anti people of Belize actions.Politicians will always back stroke if put into a difficult position by ignorant selfish people.Again the proof is there after the well is completed.
all this will be answered when the well is completed.So far Treaty has done everything they have said.They work at their pace and get things done.Also remember not to long ago treaty informed us that every time they release information they get attacked by left wingers and so does the government.unfortunately treaty has no other option as a fully reporting company but to post significant events to the public.My money is on treaty and I have and will continue to add shares in this company.
I LIKE 23MM LIKE WHEN BRUCE GWYN JOINED THE COMPANY AND WE REACHED .09 PPS
The transfer agent has never been gagged.The A/S is 750mm with approx.744mm issued
I think you might be correct on all of your statements.Keep up the good work and GO TECO
To TECO's Shareholders:
A new Letter to Shareholders has been posted to Treaty's Facebook page from Bruce Gwyn, Co-CEO of Treaty Energy.
To review this letter go to: http://www.treatyenergy.com/files/Wd0000003.htm
Also, a Complaint was filed in Federal Court yesterday, Dec 22, 2011. Go to: http://www.treatyenergy.com/files/complaint.pdf
you are so correct!
off of OTCmarkets
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8180717
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8156241
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8156069
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8156065
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days.
Thanks to you guys for letting all us Teco supporters know of this
you are misinformed.There is no 15mm judgement against Treaty or others related to Treaty.
What was posted by Russian Trader was simply a paragraph from the pleadings from the one side.If you were truthful you would report that there is a request for a similar amount against them.The courts will make the judgement not you or others.
Liable and slander are not a part of free speech and of course in my opinion the company is compelled to defend against these type of statements
You should send Treaty a email with that suggestion.I am not a oil person but your suggestion sounds interesting
Talked to Mr.Gwyn as he was nice enough to take my call when I told his assistant what it was in reference to.My question was in regards to any possible merger in Texas.
Mr.Gwyn stated that he would not talk about any mergers or acquisitions if they were in fact ongoing but that in this case he would confirm that Treaty was not in any way connected to Pure Energy and until my Question had never heard of them.
He stated that all information on Texas has been made public for all shareholders to see and that Treaty did not need any help in developing the Texas Leases.
90%selling and pps goes up.Someone must also be buying.
The concession was sold.He is suing to get his part of the bounty from the sale of Paradise Energy.
Good advise.In my opinion we should look at Texas as our apple pie and Belize as the ice cream
The projections on Texas if achieved would take the pps to levels that all of us would die for.If they find oil in Belize I think all guesses on the pps that have appeared on this board are so far under what will happen (in my opinion) that we all would be very well rewarded beyond our wildest guesses.Time will tell but I am hanging on and adding daily.
I called I.R. and was told that drilling is ongoing and currently they are in the cementing process of the 8 5/8 casing.When done and 12-24 hours are allowed for cement to cure then blowout preventer will be installed on the casing and the well will then be drilled to approximately 2000 ft.
Looks to me as all is moving forward with great care so as not to screw up!
You are correctly reading it but you should know that all quarterly filings are reviewed by the audit firm and go through the same process of a audit with out the final auditing step of complete verification of things like receivables, payable s,oil in tanks,ect
The full audits are coming in the next filing.
I agree.The only reason to reverse would be a move to a bigger trading board after Treaty has sufficient revenues to do so.
If everyone would read the deal they will see the shares posted as a guarantee were put up by a private Treaty shareholder.Treaty has zero risk and I would think that the shareholder that supplied the shares feels comfortable he will not lose the shares and thinks by taking a slight risk he will cause his millions of shares to be worth a lot more money
look at it this way.You have a opportunity to get a beautiful new 12 unit apartment that you cannot afford but a friend says I will loan you the funds that you cannot qualify to borrow to buy the unit.This friend only wants a decent return on risk money and a 5% backside ownership of the property.Of course you never pay the friend a dime because you are paying him with rent money that you would never have without his original loan.Would you be smart to do the deal or should you tell your friend he is a greedy SOB because he wants to make a few bucks too?Think about it
All of you that are critical of what is a great deal for a company that has cash needs really should not count lenders money but look at the money we make using there funds.Without this last deal you are whining about we would make zero!Now we can drill and complete 12 wells and my guess is Reid will reinvest all the funds to drill wells that he will not have to borrow on,or if all you complainers can submit your idea's as to how you would do it without giving anything Reid would probably hire you to run Treaty.just a thought you might consider.
how about Belize?you have been right on here and should give yourself a vacation and some loving from that girl friend!
Everyone seems to be overlooking Mr Schlesinger who has dealt with the people we need to take this stock to levels none of us could previously hoped for.
It looks to me that Mr Reid has a vision and a plan to make that vision come true and we are all going to benefit greatly because of
it.Keep up the great work Treaty Energy!
well I did call the nola office and Reid took the call after filtering through several layers of scrutiny.I questioned him about dloggolds findings and he stated the following.
The current filing was simply a amended filing on a 144 filing done 3 months ago.The filings are only good for 90 days according to Reid.He says he has sold no shares and is in fact buying shares at certain times and will continue to do so as sellers want to sell at give away prices.