Replies to post #3546 on Treaty Energy Corp. (fka TECO)

[jimmyv]

He's being paid in stock, not putting his own money in the company.

[MadeIt]

Learner, when Treaty Petroleum merged with ARGY they did a R/S and people lost alot of money on that whole deal. That is one reason why you see some bad sentiment on the Treaty Energy Board. The other reason is that PBLS which is in bankruptcy had some of the same executives and IR.

The CEO gets paid in shares, because there is no cash. But the insider transaction clearly shows that he purchased the shares at that price. Something good must be happening if he is purchasing the shares imo.

[jimmyv]

Take a look at the other SEC postings and you'll see the agreement by which Newton was hired. He gets paid in stock, not $$. Call it "incentive pay"? Of course the lower it goes, the more stock he gets, then he can announce a couple of positive comments, and improve his position dramatically. Hmmmm. Think of it as a 21st century version of insider "dollar cost averaging"

[jimmyv]

But if Newton is buying with his own money, maybe he's going to make a major announcement soon and he's just doing a Martha Stewart....hmmmm.