I am placing the question in a public forum since it is mostly a rhetorical question and really does not need to be answered, since the answer should be obvious to anyone with a modicum of investment knowledge. The question was asked to see what your answer would be.
If what you say is true, my opinion is that treaty energy has no chance of being a profitable company, since they do not have enough shares to effectively acquire assets. If they can not use shares, since there will be no increase in authorized, and they will not issue preferreds, they have no currency other than 15-20 million shares worth $400,000 (of course if you pay with shares for anything , expect to issue at a huge discount)to "build the company" This is woefully inadequate.
If you have any idea how they will "build the company" without either money or issuing shares, please let me know.
