Treaty Energy Corp. (fka TECO)

[Russian-Trader]

LOL Really?
•The fraudsters start the next round of “pumping” the stock—sometimes even with made-up press releases or expert statements—and point to the rising price as evidence of its performance, which falsely inflates the price even more.

•The fraudsters keep it up until eventually “dumping” their shares for a huge profit and leaving investors scrambling to get rid of worthless stock as the price plummets. Fraudsters often claim the stock is under attack to encourage investors to hold positions by implying hedge fund control, naked short selling, or other conspiracy theories to mask the shares being dumped.


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
Page 62
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.

No Canadian deal.

Yes, the 20% assignment on the Canadian deal was verified by several of us by more than one source. Treaty is in business! Our BOD and large investors did a great job putting this all together.

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.

JUST A DIZZY DONNIE SPIN!