Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

Reference February 21st 2013 S-8 SEC filing entitled "Securities to be offered to employees in employee benefit plans".

Please note that Treaty Management has previously advised in SEC filings that they have no employees and prefer to get things done on a contractual basis.

So I would guess that the only employees to benefit from the SEC declared share plan will be the management team who I believe were the ones hosting the CC.

In my opinion, Treaty Management Team have not done anything yet to deserve increased remuneration of $420,000. In my view this company is not yet delivering value to its shareholders, so I am confused as to why it is introducing a scheme to increase remuneration to its employees / management at this stage.

What are the other views out there on this?