Treaty Energy Corp. (fka TECO)

[malbecman]

Y'all don't get it here a Triamerica is moving forward

Here are a few things I do get:

1) The name change will not undo the damage that Treaty Energy has done. Treaty Energy's responsibilities are absorbed by Trimerica. There is not a clean slate. Filings still need to be made. Financials still need to be audited. Holes still need to be plugged.

2) At present there is no way to capitalize the company. Treaty/Trimerica is broke. The authorized share limit is maxed out. Buying stock from others will not capitalize the company. Treaty/Trimerica has no assets and definitely has no goodwill.

3) There are too many contingent liabilities that Trimerica has absorbed from Treaty. How do they settle all of the claims? How do they get a P-5 to operate? The fact that Tesarski is sitting on the board pretty much eliminates the ability to operate in Texas and Alberta.

4) Like the Donald says, "Where is the management?". There is nobody associated with Trimerica/Treaty that has a past record of getting the job done. Tell me who is going to make things happen?

5) There is no way that Trimerica will be listed until the albatross of Treaty is exorcised. If the new BOD is so clever, why did they not start fresh? Why beat the dead horse? Get a new horse and go for a ride. There is a reason though. The reason is that Treaty Energy is and was always a scam. Trimerica is just a continuation of the scam.