Replies to post #48125 on Treaty Energy Corp. (fka TECO)

[dloggold]

I'm sure the shorts have already plastered the sec with complaints. I mean come on.....

[DTL]

You question legal trouble because a company PR's "Forward looking statements" and is protected by the "Safe Harbor Act". If that were the case then every public company would have legal problems! Wow! There is oil being pumped on SJ no.1&2. No doubts!

[againstallodds]

Yes legal trouble is possible.IMO

Issuing misleading pr's is not covered by safe harbour :

A safe harbor is a provision of a statute or a regulation that reduces or eliminates a party's liability under the law, on the condition that the party performed its actions in good faith or in compliance with defined standards. Legislators may include safe-harbor provisions to protect legitimate or excusable violations, or to incentivize the adoption of desirable practices.

http://en.wikipedia.org/wiki/Safe_harbor_(law)

One may question if the 6 Million barrels announced were backed up by defined standard, or by generally approved standards, which many doubt.