It doesn't matter who's right or wrong... all that matters is what the Belizean Govt says. Shareholders don't win in this situation unless oil is pumped and money is made. I don't care if people call me a basher, because I am not a basher, just a shareholder who has dealt with this company for almost 9 months. And since I am long in this company and only care about oil it doesn't matter to me what the PPS is.
I'm really disappointed that drilling was delayed for 4 months because they were supposedly dealing with the Belizean Govt, than when they finally "strike" oil the Belize Govt acts like they have no interaction with Treaty at all.
And the fact that Treaty has repeatedly made estimates on their BPD in Texas that were WAY off, makes me very skeptical of this company.
I will hold on to my remaining 400k shares for a while... but as a long time shareholder, I am very disappointed at what has been going on with this company. And any Treaty shareholder that can't talk about these issues truthfully with out putting up a puff piece of $.25 PPS and how awesome Treaty is, is just as bad as the bashers.