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The farce of a forced liquidation bankruptcy is a shallow attempt of a few very nervous people to stop the progress of this company just when they show promise. After a few discussions with lawyer friends, it is apparent that this effort is the last desperate attempt by someone(s) to stop TECO from going on to full scale production. One of my friends has looked at the papers available and recommended that a share purchase is probably a reasonable thing to do right now. The funny thing is that this guy hates the stock market and I think he is now considering buying the stock.
I have the utmost trust in his opinion and plan to buy more. Those originating these papers are very, very nervous.
I haven't seen Facebook. and if TECO is or has posted inaccuracies, I would expect the SEC to have acted. Last I heard, nobody was in jail.
So who is it who is posting inaccurate or incomplete information?
junk
and what were the numbers? Hard to dissappoint when the numbers are not yet out.
Given the progress of late, why would any sane person feel the need to sell quickly, unless they are trying to limit their profits, of course.
smackfish,
I am sure Treaty will release the info when they have confirmed the flow rate. They stated they would not release premature information so we are all waiting to hear how much is flowing. They have been forthcoming with information in the past and will continue to do so.
good luck and kyfag
ericshon3 ,
I see that Treaty Energy is now pumping oil at the Mitchell well #3. Can this be true? I have been reading many posts that state that Treaty is a scam. It sounds as if this is not true.
Am I wrong, or is TECO headed for greatness...?
I think it is time to buy more shares if so.
I think the quagmire is how those who need shares will get them at a reasonable price going forward. The volumes here would make me very nervous if I needed to obtain a large number of shares.
Sucks to be short.
Treaty also has
oil
involved, loyal shareholders
oil
lawyers
oil
a bright future
and, of course, oil
That is also FACT.
Running,
You are sooo right. I would not want to be on the short side here. Time to have a beer and smack a fish !
Nice action lately with TECO share price. It looks like the company is on it's way to making longs very happy.
Many here may be very unhappy as the march forward begins.
probably so... it was only 7000 shares
I spoke with Dr W a few weeks back and he is well. Don't worry about his health, he is doing just fine.
I do wish he was more communicative and have told him so, but it appears that he chooses not to be.
Unfortunately, we can do little about it. Perhaps he will entertain selling out sometime in the near future and new management will start treating this company like a business and not like a pastime.
Ain't gonna happen with TECO
If there was a smoking gun, Gwyn and the rest of management at TECO would have already been indicted. Although perhaps premature, the call was not a violation of any laws and no legal action will succeed.
I've noticed that some here are typing TACO instead of TECO. Is this a mistake (it appears the same way many times in posts), or ??
Just a heads up if it is in error
Treaty seems to be delivering on their promise to accelerate activity and update shareholders.
I am glad I am on the right side of the trade in this one as it is just a matter of time before the true potential of this stock is realized.
Nice post... thanks for the update.
TECO sure seems to be on it's way. Nice that they provide regular updates now and keep things transparent.
Not many companies do that.
Dead,
I agree, but think the share price was not the big story. I think the best thing is that all of the drilling going on is bringing the attention of new blood. I expect to see volume begin to grow substantially over the next few months and we all know what should follow.
Inquiring minds want to know, can you tell us how many shares were sold at the bid? Oh, never mind. I just found it...it was a huge sale of 600 shares.
Very true statement. Some people need to question everything and anything that a company does. Kinda like my aunt Matilda... nothing pleases her.
I don't know why you would expect me to supply you with any information. I am comfortable in my position and couldn't give a rat's arse about proving anything for you.
Surmise what you chose and play your hand accordingly.
Not where you are looking.
today's rate is far higher than 7 bpd... and when all is known, some here will realize they are in deep doo doo....you can bet on that.
This is a tremendous thread. Thanks to everyone for all of the great factual information.
I wish I had your crystal ball. Mine is on the fritz...
I see we are still comatose here. Anyone speak with Dr W lately?
I am hoping something changes in the near future and he realizes that he has an obligation to his shareholders.
I'm sure I speak for others when I say I will share zero, nada, nonthing as far as DD is concerned. My uncle told me once about how he had the opportunity (risk) to invest in a small start-up computer company in the mid 80's. The cost of stock was $0.35 The company was a small, garage shop operation and they were late with their revolutionaly product,so he passed on the chance.
The company is much more well known today... perhaps you have heard of it. The name is Apple Computer.
Regarding the 1.3 billion...
...to anyone aware of what is going on with TECO, this is no surprise. If it is a surprise, it just shows how much one does not know and understand or how out of touch s/he is.
DD is not a one time deal. It is one thing to find out about the happening after the fact, but if you continually watch and listen, you will understand why things are being done.
Not understanding what and why things are happening is a grave mistake for anyone, long or short.
Despite the resulting dilution, the share increase is very good and will provide a huge payback.
Going sub-penny??? My opthamologist disagrees and recommends an eye exam every year
Any idea why the TRRC report is not yet available?
You mean everyone but TECO doesn't do everything exactly correct with 100% positive results...? shocking.!
Actually, I know... or know within a reasonable margin of error. I am buying and believe the result will be very good, at least for those who are not on the short side of the trade.
With the share price at at $ 0.0015, the company is capitalized at at ~ $ 300,000.00 and with revenue at ~ 2 million with ~ $60K in earnings, the share price is a steal. Even at the current price, the company is valued at about $800,000.... still a good buy, I would think.
Maybe the combination of an extreme bargain, coupled with the end of tax loss selling has some more people looking at ONCO's potential. If financials continue to improve, the share price will soon have to begin to reflect it's true valuation.
Good luck to all.
Merry Christmas to all TECO longs and I hope the shorts really really get weggied in the new year.
Merry Christmas to you all. I hope the new year brings good fortune for you and for Oncology Med.
Big time trade today. With a $ 10.00 trade, ONCO capitalization decreased by 20%.
IS it possible that the company is in a coma?
allbetson, I must have missed it. What makes next week "the week"?
I'll be very happy if it is.
It is good to see some shares trading, but only a total of $ 443 was spent (without commissions)in total. Funny how it didn''t take much volume to push the share price as high as it went.
I'm hoping this is the start of something good.
For anyone who has been following things and talking with the company, the last 10Q was no surprise. As I have been told a few times by management, the real deal maker comes in the 4th quarter. This will show a tremendous increase in revenue and things just go north from there.
I can wait a while for the real fireworks to begin.
As more production comes on line, TECO share price is poised to take off and longs will be rewarded for their patience. I can't wait for the party to begin.
I own another energy stock that was acting quite similarly and when things started to turn, it saw a 10X increase in share price. I think Teco has the potential to beat that.
Happy Thanksgiving everyone...