Treaty Energy Corp. (fka TECO)

[panther2]

I agree we are discussing Treaty Energy and the specific topic surrounding the innuendo Treaty's Oil Rig is stolen and was smuggled out of the country. I offered a counter opinion with apparently unquestionable reasoning why this cannot be true.

It appears there are no other reasonable counter opinions explaining the facts outlined in my quoted paragraph below, because the topic has been abandoned and the best opinion offered to counter it is "So what."

Until verifiable evidence to the contrary is offered we can conclude Treaty is the legal owner of their Oil Rig, which was properly exported out of the country.

That makes absolutely no sense, because without legal documentation Treaty wouldn't have been able to ship it through U.S. Customs or Belize Customs!

No governmental agency, including the SEC, will get involved in a civil dispute over ownership of the Rig, because that is for the courts and a judge to determine.

Why does the burden of proof fall upon Treaty. The burden falls upon the person making the claim the Rig isn't Treaty's. If Mack could have proven ownership he would have done so already in a civil court. Instead, 6 years have lapsed and each year its in Treaty's possession decreases anyone claim to it.

I wonder who is claiming the depreciation of the Rig with the IRS over the past 6 years?

A "made up title" isn't very realistic unless you have proof of it to show us. Only proper verifiable documents would be accepted and matched against a VIN. Refer to the quoted rule below;


Section 192.2 Requirements for Exportation


Basic requirements

A person attempting to export a used self-propelled vehicle shall present to Customs, at the port of exportation, both the vehicle and the required documentation describing the vehicle to include the VIN or, if the vehicle does not have a VIN, the product identification number (PIN). Exportation of a vehicle will be permitted only upon compliance with these requirements, unless the vehicle was Eentered into the United States under an in-bond procedure, a carnet, a Temporary Importation Bond, or under a personal exemption for non-residents who entered the vehicle for a 1-year period.