Treaty Energy Corp. (fka TECO)

[smithsd7]

fmi81, who did you hear that from? IR?

Excerpts from a court document titled "filed_3_11_2010.pdf":
http://smithsd7spage.weebly.com/

"18. Phoenix Oil & Gas preferred cerificates issued to petitioners were fraudulent as they were not in accordance with the Purchase Agreement of May 16, 2008."

"Certificates", "Purchase Agreement", sounds like hard proof that will certainly be presented to the court. I think I'll trust a court document over what TECO's IR say anyday.

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From the merger Agreement:
http://www.sec.gov/Archives/edgar/data/1075773/000135448808002139/ex101.htm

TK Holdings owned 397,440,000 shares
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From the Voluntary Dissolution document on the Florida site Blackburn owned 100% of Tri Koon Holdings.

http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L08000094414&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=TRIKOONHOLDINGS&names_filing_type=
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Per the 10k for 2010 he owned only 67,353,946.
http://www.sec.gov/Archives/edgar/data/1075773/000135448811001208/0001354488-11-001208-index.htm
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Also from the court document:

"8. They provoke rises in the prices of Treaty Energy Corporation stock by arranging for Treaty to merge with a series of shell companies which are touted as having viable business activities. As the scheme falls apart, Blackburn and his associates will attempt to dump millions of dollars of worthless shares on public investors."

But, you're right. Time will tell.