Well I forgive you guys for all the insults you threw at me this morning but my research and sources were sound. I did not bash this stock because of emotion, monetary gain, or any other malicious reason. I stated my opinion, which was a sell at .019 and those of you who insulted me without checking the background behind the source I provided are feeling a little pain. I think that if TECO drops to around .01/.012 the it may be a good speculative buy again but right now there are some seriously bad things going on @ that company. First, the rate of oil on the well they reported as a "gusher" has slowed to 1/10th of the daily rate that they reported from first drilling. Second, they do not have permission to drill in Belize by the Government nor do they have written confirmation from Princess to be Princess's partner in the operation. Third, the share structure is very poor and they are financing speculative tracts of land through equity sales. These tracts could potentially prove to be fruitful but these tracts are have already been drilled and are currently non-producing. At this PPS I think TECO is overvalued for the negative reasons I have outlined but I would take a second look at it when it reaches a lower price range.
Please don't deleted this message, I was a shareholder until I read the article from the Belize newspaper as well. I wish someone would have provided some clear analysis on this company before I lost money on it so I am just providing this info for people looking at the stock.
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