Firemandave and friends stock picks

[pkripper]

TEC, (dd and chart) I will be putting a bid in tomorrow at the .35 to .37 area according to trading patterns and level 2. TEC has this coming up, followed by a form 4
Bosher Richard VP Business Development +4963 A$.40 total =82198

I am guessing they wouldn't be buying if bad news was coming. imo
Then the chart is looking good also. In Sept. when the forms came out stating they received an extension it popped to .73, in Feb it was at a buck. This time last year at 2.

(My last post today, C-YA)

Shares Float 21,770,000
Total Shares Outstanding 23,948,285
% Owned by Insiders 8.51 %
% Owned by Institutions 7.40 % **per shortsqueeze dotcom



“2.1 Forbearance . Upon and subject to the terms and conditions hereof, the Administrative Agent and the Lenders agree to forbear from exercising their rights and remedies as a result of the Specified Defaults [the Company’s failure to repay the Borrowing Base Deficiency of $8,484,296 on August 25, 2009] under the Loan Documents, including any rights or remedies arising thereunder pursuant to applicable law, to (i) accelerate the outstanding principal balance of the Loans and (ii) commence foreclosure proceedings under the Security Instruments, during the period from the Amendment Effective Date to and including the earlier of (a) the occurrence of any Default or Event of Default other than the Specified Defaults, or (b) 5:00 p.m., October 16, 2009 (Dallas, Texas time) (the “ Forbearance Period ”). Upon the earlier of the occurrence of any Default or Event of Default other than the Specified Defaults, or October 16, 2009, the Administrative Agent’s and the Lenders’ agreement herein to forbear from exercising such rights and remedies available to them shall immediately terminate, and the Administrative Agent and the Lenders shall immediately be entitled to exercise any and all rights and remedies available to them, individually or collectively, under the Loan Documents, at law or in equity or otherwise, including, without limitation, the right (without prior notice or opportunity to cure of any kind) to accelerate the Loans, exercise rights of offset over all accounts of the Borrower and its Subsidiaries, commence foreclosure proceedings and/or seek the appointment of a receiver.”









insider buying 2009

Oct 1, 2009 BOSHER RICHARD
Officer direct Acquisition (Non Open Market) 0.40 4,963
Mar 31, 2009 GODFREY STEVE
Officer direct Acquisition (Non Open Market) 0.39 4,846
Mar 9, 2009 MACALUSO MARC
Director direct NA
Feb 27, 2009 BOSHER RICHARD
Officer direct Acquisition (Non Open Market) 0.49 3,210
Feb 2, 2009 BAZILE DOMINIC J II
Officer direct Acquisition (Non Open Market) 0.93 9,351
Jan 2, 2009 BOSHER RICHARD
Officer direct Acquisition (Non Open Market) 1.005 7,734
Jan 2, 2009 BROCK LONNIE R
Officer direct Acquisition (Non Open Market) 1.005 21,623
Jan 2, 2009 BAZILE DOMINIC J II
Officer direct Acquisition (Non Open Market) 1.005 23,205