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Replies to post #90996 on Treaty Energy Corp. (fka TECO)
05/28/15 12:05 PM
05/28/15 12:34 PM
In due course it is the goal of the company's new management team to increase production and services capabilities to a point which will make matriculation to the AMEX or the NASDAQ exchange a practical reality. LOL!!!
•In conjunction with the "2,015 in 2015 Plan", and the closing of its first round of significant financing, TREATY intends to present a definitive plan for the new capital structure of the Corporation by December 1, 2014, which will help ensure that TREATY has the ability to raise equity through the issuance of its common stock without raising its authorized shares;
•In light of the financing described earlier, TREATY will now proceed to not only get its filing compliant, but outsource ALL of its monthly accounting starting in fiscal year 2015 to a respected accounting firm to ensure that the compliance issues of the past are a distant memory. We will introduce to our shareholders a qualified CFO who is prepared to join the TECO team in January 2015 subsequent to the outstanding audits being completed;
•The company is also prepared to issue a series of PREFERRED SHARES to its current shareholders to be used to further its plan. We will utilize the company's email lists, website and social media presence to present the details to our shareholders by December 1, 2014.
We are striving to give you your company back. We will continue to show an unwavering commitment to that process. We regret that negativity is often pervasive, but we will not let that dissuade us from the path outlined herein and look forward to the day when we will see TECO rise as a credible, viable and financially sound energy producer. LOL!
05/28/15 2:54 PM
