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I agree with you. They like to boast when they produce and sell oil. Not much boasting these days.
So are you saying the company is producing zilch since we have not been told of any producing wells?
From the July 31 PR
On other subjects, Mr. Reid stated, “I will be in Belize for a scheduled quarterly meeting with the GOB. While there I will observe the on going activity of drilling and testing for production on the San Juan #1 and #2 wells.”
Mr. Reid added, “News will soon be released on our West Texas operations that we believe will be very exciting for our shareholders.”
In closing, Mr. Reid stated, “Treaty is exceeding by far our projections for the near and long term development of our business. Other possible acquisitions are on the table that can add thousands of barrels of oil per day to the already huge production projections that we see coming from our many active drilling programs in East and West Texas and Belize.”
So when is soon for this company? Days or months? Three weeks have passed and we have heard nothing. This is out of character for TECO and why?
The company stopped giving updates a week ago. That should tell you something.
The fact is that we are producing oil only because we bought a well that was producing. Other than that we know of no well that is producing now and so no news/PR's. If I had to grade this company I would give them a big F. Another thing is we do not know if the well is producing now. They sure can come up reason after reason. And I am a large investor and I guess still long on TECO.
And what is the basis for this lawsuit?
Daily reports on the well. What happens when the drilling stops? Will it continue and tell us if there is oil and how much it is producing? They will not. There is no update on the first well telling us if we are producing oil and the same will apply with this well. I think we are producing oil and that the GOB will not let the company tell the shareholders. And then maybe they will and just not let us say that we have a large producing oil field till all the wells are drilled. That will be great for us.
GO TECO
The company and I mean I was told by Mike that we would be drilling well after well. So how is that working for us? I have yet to hear of one well we drilled that is producing oil. We get so many promises and twice as many excuses as to why we have not drilled one producing oil well. I have patience but the company is the one making these statements. The main excuse I get from Mike is that the oil business is one you can not predict and one that has many delays. So will we drill one prodcing oil well by Dec or is that a bold statement? The company is deserving of some of the criticism that is made on this board. But I am still hopeful that we will get something positive and soon.
GO TECO
Good post and one I can agree with. I will say it is a must that we get news next week.
Go TECO
I changed my mind and I did send an email. I doubt I will hear anything.
Why are you telling me to ask Mr. Cho and then you say he will not tell me? You want me to waste my time. You ask him. I could get more from IR.
I do not understand you. Schlumberger is whom I was talking about and they should have finished with the Belize well days ago. What are you talking about?
I agree. Too much nonsese being posted. Let's get some increased production numbers and more producing wells. Long overdue on wells that was supposed to take just a few days to drill. I think that Belize is now producing and the GOB will not let us make an announcement at this moment for their reasons of trying to reduce their debt. The well is not a dud as we have pros working the wells and this should have been completed many days ago.
GO TECO
My dream is better than yours. I bought a $1 power ball lottery ticket and won 200 mil. My chances are much more better than yours. Mine is one in 270 mil while yours is one in one trillion. Go back to bed and find another dream. Meanwhile lets get some news soon and go TECO.
I think the shorters for now have left. Did you see the shorts for yesterday. Looking good for TECO today.
TECO
USD Treaty Energy Corp
Last [Tick] $0.05[-]
Change -$0.001
% Change -1.96%
Bid [Tick] 0.049
Bid Size 350000
Ask $0.05
Ask Size 29000
Open $0.051
Volume 174,000
Day High $0.051
Day Low $0.05
Previous Close $0.051
Prev. Close Date 08/06/2012
It is a buy for me and it will over 12 cents eom.
This board does not dictate what the company will do. They will put out releases when it is necessay and there is no action they can take to make the pps go up. Reverse splits, dividends, etc are all pipe dreams by members of this board. New wells producing, Belize oil being sold, and revs will increase the pps.
I hope for news this week but doubt we will get any. I hope I am wrong and we get news.
GO TECO
That video is over 5 years old but still valuable to those who have never seen it.
Again it looks like you spoke too soon.
TECO
USD Treaty Energy Corp
Last [Tick] $0.051[+]
Change $0.00
% Change 0.00%
Bid [Tick] 0.048
Bid Size 7500
Ask $0.051
Ask Size 119400
Open $0.0535
Volume 1,560,755
Day High $0.0535
Day Low $0.0476
Previous Close $0.051
Prev. Close Date 08/03/2012
Can anyone tell me how many producing wells we have and the total of bopd? Looks like the dull days of summer and people on vacation and even the 1 mil share buyer is gone. This is what puts the shorters in command. Hope we can stay over 5 today. And for those thinking of ways the company can do to increase the pps there is none. Only more producing wells and news the Belize is selling oil. You can ask Mike if the company can do anything and let me know. Thanks.
GO TECO
It is funny when someone tells me that I do not know anything about penny stocks and nss trading. My group is still invested in Sedona and this goes back to before 2000. Sedona hit a high of $10 and quickly fell below $1 and is now trading at .04 cents. Mr. Byrne thinks there are 100's of millions of nss in Sedona. Mike Mulshine is a large shareholder of Sedona and once was an officer of Sedona. So I am well aware. Mr. O'Quinn has since passed away and I am not sure what involvement Wes Christian still has in the lawsuits for Sedona.
I believe Mike when he says there are nss in Treaty but one can not be sure of the numbers. Nss usually are in the high numbers. If they ever have to cover then hopefully they pay a high pps for their criminal acts. And the SEC is known to be a part of these criminal acts. The SEC does not care about protecting shareholders. Mike will also agree with this.
A question I have is how does it cost the nss traders when they do not deliver the stock they sold? I know they must pay when they borrow stock that they short but what are they paying to sell stock that is phoney? I would guess just commissions and that is all.
So if we get huge news and revs I believe this will hurt the nss sellers and this can make them begin to cover. Treaty is in good shape and even if they can make the pps go down Treaty will prevail and be a big winner in the short term.
GO TECO
Not a good day. We do not have enough buyers to stop this down trend. Hedge funds are in command.
Go TECO
I see no facts in your posts and I pay no attention to your rants and crying on this board.
I do not know how some are saying they sold short at .045. It makes sense to me to say if there was shorting then it happened above .045 and that made the pps go to .045 and lower. Again it makes sense to me and this is JMHO.
GO TECO
A short squeeze will never happen with TECO. With great news the pps will go up with volume and some may say that is a squeeze and hedge funds are covering. I will never count on a squeeze and will never see it happen. I will take great news, great revs and this will lead to higher volume and pps. In reality I am not a dreamer of squeezes but a dreamer of good news and revs and also of TECO selling Belize oil. We can all see what is happening today and yes the hedge funds are still in command and with the recent PR we have seen good volume but no pps increase. JMHO.
GO TECO
Everyone is under estimating the power of the hedge funds. We will be under 5 cents and it could happen tomorrow. Not to say that someday they will have to pay but they are in command and it could be for another month or two. JMHO.
GO TECO
I would like to see some news tomorrow.
GO TECO
I agree with you and as I have said if and I say for sure they are going to use the extra shares to buy assets or pay off debt. All good things and yes they know what they are doing and I am fine with it. Now let's get out some good news.
GO TECO
I agree with you but why did we have to hear it from Russian? Sorry there is no excuse for this. Am I supposed to count on Russian to give me important info. This is not a big deal but could have been prevented. If they use the additional shares to buy assets I am fine with that. I will say no more and this is certainly a good thing but not in the way it was presented to shareholders. They have given us info in the past and told us we would see an 8K soon and they could have done that with this.
No more on this subject from me.
GO TECO
I agree with what you say but why did we have to find out from Russian? Our company was supposed to be transparent and yet they have said nothing. When you increase A/S by 200 million shares that should have been told to the shareholders by the comapany and not by of all people Russian. This is a black eye for the company only for not being upfront and yes this will soon be forgotten. Please take note Mulshine and Reid and do your job.
GO TECO
Still the company was not forthcoming with the increase in the A/S. It took Russian to find this and post it for us. So thanks Russian for finding this and though you are negative on TECO I am still long and positive.
GO TECO
I consider this a black eye for the company though many may disagree.
Looks like today will not be a good day for us as the hedge funds are stacking up against us and there is no news in site. Right now it will be hard to stay over 5 cents. They have the big bucks to do this and when you can sell shares you do not own it is an easy thing to do. I guess they can even sell the Brooklyn Bridge even though the bridge now has many owners. For now I will just enjoy my ocean front hacienda in Nevada. Come visit me.
GO TECO
The increase in A/S is new to me. Where was it reported by the company? Was an 8K filed or was it needed?
GO TECO
How about baby steps and let's get the pps over 7 cents for now and over 10 cents end of Aug?
GO TECO
It would be nice to get an announcement next week.
GO TECO
Yes he gives us good info. Cool - I got your PM's and they are on the money. TECO s on the move. Someone wants to guy a mil shares at .047.
TECO
USD Treaty Energy Corp
Last [Tick] $0.051[+]
Change $0.001
% Change 2.00%
Bid [Tick] 0.047
Bid Size 1036799
Ask $0.051
Ask Size 207499
Open $0.05
Volume 688,806
Day High $0.0515
Day Low $0.047
Previous Close $0.05
TECO will be fine in spite of all your concerns. Soon we will all know the true potential of TECO and the 1000's of bopd. Now is the time to invest and become a shareholder.
GO TECO
I am guessing the 1st well in Belize is done and could even be producing oil but the GOB does not want TECO to put out a PR. Why, I do not know. Could that 1 mil buy yesterday come from Belize? Looks like someone just bought about 436K shares of TECO. Could it be the same person from yesterday. This is getting very interesting. I can guess with the best.
GO TECO
In another reponse to the rumor you and I have heard I am now hearing it is a dead issue and will not happen. However things are going great with TECO and we have to be patient though I am not really a patient guy. Every now and then I just have to be re-enforced with my belief in TECO and in just a couple of weeks we should be over 6 cents and higher with the good news coming.
GO TECO
go
Sorry but I have no answer for you. TECO will be my last penny stock. Then I will invest with companies that have revs and I will be happy with small returns.
GO TECO