Replies to post #28299 on Treaty Energy Corp. (fka TECO)

[investtoski]

AFSE does have the capital and would see a return on 60 bpd. People saying otherwise are just trying to steal shares.

[Margin-Hunter]

Again you only post a portion of the 8K! That was part of the Item 1.01 Entry into a Material Definitive Agreement.

The rest is ass follows


Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 12, 2011, we entered into a Share Purchase Agreement with Treaty Belize Energy (TBE). Under this agreement, (A) we purchased 400 Class A Voting shares of Treaty Belize Energy, LTD (“TBE”), which shares represent 4% of such class of shares; (B) we paid $100,000 in cash for such shares; and (C) we have anti-dilution protection. We also hold an option to purchase additional shares up to10% of TBE, at a total cost of approximately $500,000. In addition, we hold an option to purchase up to 15% ownership of Paradise Energy, LTD for up to one Year at a cost of $360,000, $25,000 of which has been paid by us as a deposit.

We acquired these interests with funds on hand. It appears that they did have the funds! Why else would they PR the completion after this date?