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yes, any opinions stated about this or other documents should not be taken as facts, as none of use here, as far as I know, are attorneys.
Very interesting Xylan. From the document it would appear that TK holdings never did anything, ever, which would reinforce PBLS's and/or PA's claim in one or both of the BK filings..
However, it would seem that TK holdings did in fact "do something" as in being the majority holder of Treaty stock, which would appear to be a contradiction to the respective bk filings, and the SOS of florida Doc.
If TK holdings/Tri Koon was/ or is the major shareholder, Perhaps one could possibly then conclude that there might be an attempt to conceal the assets in TK holdings from the BK court. Perhaps that is not the correct conclusion.
Now lets examine something else, which is the rules governing insiders..
From the SEC
:
Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted new rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.
The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.
Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.
Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.
If you are searching for the forms that were not previously filed on EDGAR, you can request a copy of the document from the SEC’s Office of Investor Education and Advocacy.
You also may be able to find Form 4 on the Nasdaq's website. Simply enter the ticker symbol for the company in the "Quotes" box and click "GO". In the pull-down box on the next screen, replace "FlashQuotes" with "Insider Form 4". There also are many commercial websites that offer this information. If you enter the words "insider reports" into most Internet search engines, you'll quickly find websites that can provide this information.
For more information on the reporting requirements for officers, directors, and beneficial owners, you can read Section 16 of the Exchange Act. You can download blank PDF versions of Form 3, Form 4, and Form 5.
http://www.sec.gov/answers/form345.htm
Lets look at the last 10-k which shows tk holdings with 270 million shares, somewhere around 200 million less than they started with.
However. I can not find on the edgar system any of those filings.. maybe i am looking in the wrong place. Can someone post a link to these required docs?
Hmmmmmmmmmmmmmmmm......
the leopard... the spots ... etc
A bet to see how "transparent" Treaty is...
I bet that they will say they are unaware of any lawsuits against them in the upcoming 10-K, in spite of the fact that we know they are party to a lawsuit.
So, you are saying that I should listen to IR instead of reading the SEC Filings when the law is that a 10% or more holder must file with the SEC when selling or otherwise disposing of shares.
Since TK holdings hasnt filed with the SEC, I assume they are still the majority holder and the puppeteer, as evidenced by the 8-k filed re: previous BOD resignation letters.
If that is true, that means they are no longer the majority shareholder, which means they sold or gave out their shares.
Yet there are no SEC filings to show that, or is there?
Please show a link if you can back that statement up.
no need to bash this stock, the company's SEC filings tell it all.
Treaty energy is the greatest comapny in the world, in my opinion.
Soon...
need anyone say more?
ok, keep us posted
do the documents confirm alonzos, Blackburn, tri-koon as being the controlling entity and major shareholders of Treaty Energy? If so, wouldnt that prove that Alonzo lied to the BK court on his personal bankruptcy filings? Perhaps you should forward that document to the court that is working on his personal bk case, just to make sure. If it has been proven that tri-coon is a major holder of treaty energy, and the alonzo's own part of tri-koon, would that qualify as bk fraud? I guess the court and the attorneys are not as dumb as those that purchased shares, and believed in PBLS.
According to some here, the alonzo's never had any.. Wondering if the recent pump was the pbls dump? when was that ordered?
They will have to disclose this on their 10-k under lawsuits, If not, you may notify their auditors.
I agree with you 100% senator! Treaty is extremely overvalued at this time.
Agreed senator, this deal is overvalued at present levels.
I am certainly not the source of what may be considered, at this time, "cheap shares". I do believe, however, that the source of those shares would never, ever be any insider that would have to file with the SEC when disposing of shares, since the insiders are, in my opinion, good, honest individuals with a stellar record of corporate governance. The shares must be coming from somewhere else, in my opinion.
Caprock, you have it all wrong,in my opinion, it is probably naked short sellers that have it out for good, hard working , honest US companies that are fully reporting and are examples of fine corporate citizenship.
Just the opposite, Fellow treaty believer, Their "SEC" attorney, (whatever that is)has nothing to do with what i said. ..I said that I am 100% sure the insiders of Treaty Energy follow the letter of the law, including all SEC regulations since the insiders are known to be such outstanding corporate citizens..
So the amazingly large supply of shares seemingly on the market is very perplexing, knowing that the insiders would NEVER sell or distribute shares without the proper SEC paperwork, seeing how Treaty Energy is fully reporting, and so honest and all.
In fact , since only 40 million are in the "float", that 5 million share seller the other day whould have to have been a 12% holder of the float, since according to the always accurate and bible like IBOX, the float is only 40 million shares...
nothing is misunderstood about float. It is simply the total number of shares that are NOT restricted, or the toal amount issued minus restricted shares. I suggest one should look at investopedia for the actual definition.
In the meantime, if it is either Opsrey of TK holdings aelling, or transferring shares, it is being done in violation of SEC rules. Which I am 100% certain that all laws are always obeyed by all the insiders of this deal, since they are fully reporting and all, and have been known to be such good corporate citizens.
it is a legend, not a symbol.
What I am saying is that all the restricted, non affilliate shares are free tradable now, since they have been held more than 6 months, and the float is probably in the 100-200 million or more, as evidenced by the massive supply of shares and the inability of 2 seperate IR firms to do anything to invrease the share price.
thats always a good idea.And I am sure the seller is unhappy, unless of course it was a pre-arranged bid at .002 and the seller was an insider that owed a favor, and the .02 buyer was owed the favor.
That information is not publicly available
this is no Berkshire.. my point was that if it wasnt an insider, then it was someone who was a 20% holder of the previous ARGY...
Just doesnt seem likely to me that the latter is the case
so people are saying some "idiot" that had 10% of the free trading float put in a market sell order?
If it WASN'T a current insider, and we all know that anyone with restricted stock could have filed a form 144 without being in the edgar system, then that seller, if they owned the stock pre massive dilution, would have been at least a 20% holder of ARGY. this stock has traded way too many shares ust do drift lower for months and months, to only have a float of 40 million shares.
NICE TRY..
lots of shares issued for free in the past months, and it is very difficult for the public to know when there is a 144 seller.
FROM THE 10-Q
During the nine months ended September 30, 2009 we issued 49,148 shares to a consultant to Alternate Energy Corp. upon his cashless exercise of 74,695 options to purchase our stock.
We issued 7 million shares of common stock to High Ground, Inc. for the acquisition of the Vago #1 project in West Texas (see Note 5). We valued the stock issuance on the date of the issuance of the shares and recorded and asset in the amount of $175,000. We subsequently rescinded the agreement based on a lack of information provided by the seller and have impaired the property in its entirety.
We issued 4 million shares to a consulting company for services. We valued these shares at the date of the agreement and recorded an expense of $52,400.
11
--------------------------------------------------------------------------------
We issued 5,871,004 shares to our Board Chairman and Chief Executive Officer, Randall Newton, as compensation pursuant to our contract with him. We valued these shares at the date of issuance and recorded a charge of $63,528 to expense for the three months ended September 30, 2009. The unearned portion of the issuance at September 30, 2009 is $40,500 and will be earned over the next nine months at approximately $4,500 per month.
We issued 14,607,947 shares of common stock to the Board Chairman and Chief Executive Officer before the reverse merger (Alternate Energy Corp.) to extinguish the debt in the amount of $211,827. We recorded the stock issuance at the amount of debt retired and recognized no gain or loss.
At September 30, 2009, we had 491,589,652 shares issued and outstanding.
Looks like they issued stock for vago and never got the property.. thats great.
I am especially curious about the 4 million issued to a consultant and notice that there is a IR firm in San Diego that is attached to Treaty's recent announcements.
and BTW, fully reporting.... I remember a conversation with a certain associated person who said, "audited financials??? Enron had audited financials! What does that prove?"...
..........
not neccessarily. There is debt financing, or maybe even Preferred shares. However I believe that do not own the property until they actually pay for it, so I do not see how this asset will be on their books until they close.
the numbers are right there..
2 million a year in revenue, at 50% (their share) is $1 million in revenue, minus costs, salaries, etc, AND that does not appear to be enough to pay for the property, in my opinion, since I believe the company said they would be paying for the property by dec 31, 2010, from revenue from this property.
I had said previously that I and my group was waiting for an 8-k to be filed, and I did not like what I read.
We will be staying away.
we are waiting on an 8-k to see the full disclosure of the acquisition. We will make our own decisions on the stock, but thank you.
I am waiting to see the 8-k on the acquisition, which is required for all material acquisitions for all fully reporting companies.
At that point, if i like what they disclose, ,my group will take a large chunk.
According to my rough calculations, which might be totally wrong, but it looks to me that on a per share basis, that 4 bbl per day totals .001 gallons of oil per share per year. It looks like 40 bbl per day is .004 gallons per year per share. thats like less than an ounce of oil per share per year, isnt it?
42 gallons per barrel x 4bbl/day x 300 days = gallons per year / 500,000,000
Is this correct?
so, they werent in a quiet period when they made their last announcement promising a close in the week of Nov 16th?
Or were they?
LOL he wasn't court appointed, his "expert" opinion was requested by Shafer & Shafer, and one of the Shafer's just happen to appear on PBLS' organizational chart under "legal" .
didnt they claim losses in the range of 330 million?
I am sure this is an honest, well researched statement, just like the ones they have always providided shareholders with in the past.
great point..
Treaty energy is a fully reporting company.
actually, a 10-Q is current UP TO and INCLUDING the day it was filed, by use of the "subsequent events" portion of the report.
another guy that bought some block shares at $1 total and wants to pump a .0001 deal
so? that will change soon enough..
i'll be shorting it all the way up, just like i did last run
Todays announcement is another BS announcement designed to get you to buy shares printed and sold out the back door. Same old same old..