Replies to post #78234 on Treaty Energy Corp. (fka TECO)

[tdbowieknife]

The point is that penny stocks cannot use safe harbor statements to protect them from lawsuits or criminal charges. They mean nothing as they do not apply. Only exchange listed stocks that are fully disclosing can use the safe harbor excuse.

[tdbowieknife]

As an issuer of “penny stock,” the protection provided by the federal securities laws relating to forward looking statements does not apply to the Company.

Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks. As a result, the Company will not have the benefit of this safe harbor protection in the event of any legal action based upon a claim that the material provided by the Company contained a material misstatement of fact or was misleading in any material respect because of the Company’s failure to include any statements necessary to make the statements not misleading. Such an action could hurt our financial condition.

http://www.wikinvest.com/stock/Lexon_Technologies_(LEXO)/Issuer_Penny_Stock_Protection_Provided_Federal_Securities_Laws