Replies to post #84911 on Treaty Energy Corp. (fka TECO)

[panther2]

That is very weak position to defend since it lacks the proof necessary to corroborate a crime has occurred. And exactly why the SEC will never get involved with Treaty because the smoke it merely steam!

Remember when someone claimed a missing Rig must have been stolen and smuggled out of the country and upon closer examination we discovered there were no police reports, judgements or reasonable explanations for this;

"That makes absolutely no sense, because without legal documentation Treaty wouldn't have been able to ship it through U.S. Customs or Belize Customs!

No governmental agency, including the SEC, will get involved in a civil dispute over ownership of the Rig, because that is for the courts and a judge to determine.

Why does the burden of proof fall upon Treaty. The burden falls upon the person making the claim the Rig isn't Treaty's. If Mack could have proven ownership he would have done so already in a civil court. Instead, 6 years have lapsed and each year its in Treaty's possession decreases anyone claim to it.

I wonder who is claiming the depreciation of the Rig with the IRS over the past 6 years?

A "made up title" isn't very realistic unless you have proof of it to show us. Only proper verifiable documents would be accepted and matched against a VIN. Refer to the quoted rule below;

Section 192.2 Requirements for Exportation

Basic requirements

A person attempting to export a used self-propelled vehicle shall present to Customs, at the port of exportation, both the vehicle and the required documentation describing the vehicle to include the VIN or, if the vehicle does not have a VIN, the product identification number (PIN). Exportation of a vehicle will be permitted only upon compliance with these requirements, unless the vehicle was Eentered into the United States under an in-bond procedure, a carnet, a Temporary Importation Bond, or under a personal exemption for non-residents who entered the vehicle for a 1-year period."