Treaty Energy Corp. (fka TECO)

[jimmyv]

There are about 35 million shares of "restricted" stock that is actually no longer restricted, held by the original investors in Treaty Petroleum Inc. (Hallin, Hyatt and Dunham's group). There are about 15-18 investors, all own at least 1.1 million shares and some own close to 6 million, perhaps more. My guess is that since the restriction has expired, some of them are dumping the stock to get out what they can before they lose everything. As is, they obtained the stock at .05 per share for their ownership in TPI, so they all have over an 80% loss already.