Does it not anger you that TECO is diluting at such a high rate that your shares are loosing 30.667% of thei equity per quarter? If you started the quarter with 100K shares, then not only did the value drop due to the share price falling, but 100K shares at the end of the quarter are only equal to 69.4K shares at the beginning of the quarter with regard to how much of the company they represent. Does this not upset you that TECO's management is so drastically inexperienced that it has cost you 30% of your stake on the company in just the last quarter alone?
Why do I say they are inexperienced?
-The most basic & simple oilfield related task befuddles them.
-They have never completed a single project, not one in over two years.
-They pay over $10K/acre for leases that are worth less than $500.00/acre (not mention that they paid that overpriced sum to themselves, self dealing.
-Their Press Releases make wild, and wreckless claims & production forecasts. None of which have ever been reached.
-They announce deals involving pad drilling and 1500 BOPD production per pad & then do not have the common courtesy to make an announcement when the deal falls through.
-They announce discoveries & then convieniently forget to collect evidence of said discovery.
-I'm goo g to stop there, but this list is endless
You do not have to continue loosing 30% of your equity per quarter, there are alternative energy stocks that do not dilute & have competent professionals serving in management positions.
Regarding the GoB not allowing TECO to release information - why are they allowing companies with better prospects containing 100 times the reserves claimed by TECO to release information yet holding back on TECO's meager 'discovery'? You can write this down: the way this company is managed, if there was oil in Belize you would have confirmation whether the GoV wanted the info released or not.
AI
