Replies to post #29983 on Treaty Energy Corp. (fka TECO)

[allbetson]

Can you copy and post that for us. I do not think that is correct.
Thanks.

[allbetson]

That states having an intention. Does not mean he must sell. Go TECO.

[BaderBob]

This is standard practice. An insider must file before s/he can sell 144s.
I have done this a few times myself and never sold.

Nice try

[Margin-Hunter]

This is standard, I have seen many insiders register and never sell. Until you see a form 4 reflecting shares sold then are none sold. And by the way the only form 4's I have seen with this company all indicated buys.

[Margin-Hunter]

Correct me if I am wrong, but I believe that a 144 is necessary to have the Restricted legend removed from the security. Could that mean that this person has waited their 180 days on stock that was issued to them and they want their restricted shares converted? Sounds like something I would do rather than just sit on restricted shares.

For Affiliates of a Reporting Company:

Must hold the restricted security for six months from the date of acquisition.
Thereafter, limited resales permitted, subject to all Rule 144 requirements, including:
current public information
volume limitations
brokered sale
opinion of company counsel required or the company may authorize an outside legal opinion.
Filing of Form 144 required if threshold is met