Treaty Energy Corp. (fka TECO)

[Russian-Trader]

Almost forgot about the "undisputed facts".

From Treaty's CEO: Under Oath!

22 Of course, I did not know at the time, but there
23 was a drilling rig in Belize that apparently was under
24 some sort of nebulous dispute with a gentleman by the
25 name of Max Maxie. And Max Maxie was very vocal on the
1 Internet about getting his rig back.
2 It's our understanding that he somehow managed to
3 get that back from Belize, don't actually to this day
4 know how he did it, but that's what we understand to be
5 the case.

Rig was sold to a real oil company for a nice chunk of change!

Treaty has no Assets.

22 What we did not know, or I certainly did not know
23 at the time, was that the physical assets of the
24 company, the drilling rigs and the wireline equipment
25 and all of that, was held on a lien by Hackmeyer Group
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1 out of Florida and out of here in Texas. That was
2 completely unknown to me.
3 Q. Let me stop you there. Who is the Hackmeyer
4 Group?
5 A. They're a group of individuals who put in money
6 into Treaty.
7 Q. And they have a lien on all of Treaty's physical
8 assets?
9 A. All of Treaty's physical assets. We did not know
10 that until we took the trip to Belize.

Oh and "Canadian Deal":

2 Q. Is Treaty currently running a business? Is it
3 operating?
4 A. Treaty is an operating company certainly from a
5 legal perspective. From an actual operating
6 perspective, it's not.

15 Q. But it doesn't have any revenues currently?
16 A. It does not.
1 But it has no producing revenue currently at all.