Replies to post #87681 on Treaty Energy Corp. (fka TECO)

[tdbowieknife]

This is what Treaty claims...

In that context, the Company’s stakeholders should be aware that the Board recognized a need to issue about 110,000,000 shares of stock to satisfy prior obligations to a group of shareholders. Further, once these shares are issued to this group of shareholders, the Company will have about 200,000,000 shares of unissued Common Stock available for general corporate purposes.

The Board also reviewed and ratified certain controls and restrictions on the future issuance of these remaining “available-but-unissued” shares, and restricted any further issuance until and unless: (a) the stock is again trading on the OTC Markets trading platform (showing Bid/Ask prices) and (b) the stock has achieved a “price per share” considered acceptable to the Board.

Treaty will never be trading with a bid/ask again so the "new" board members are apparently clueless as to what Treaty needs to do to get off the Grey Market or they are being misleading The later more likely... As it stands now no broker will accept these shares for deposit. Nothing but toilet paper.

Treaty and the board also don't seem to understand the under the law Treaty Energy the "company" is treated as a individual and is charged with securities fraud. A guilty verdict will mean they can no longer sell any stock.

And guilty Treaty Energy is...

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Grey Market


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