Replies to post #55007 on Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Treaty has yet to explain how this drilling deal on the Mitchell lease benefits Treaty Energy.

[tdbowieknife]

I might add that those deal are always explained to investors BEFORE the drill bit hits the dirt. It's about spreading risk. What happens if it's a gusher? The terms may change, if it is a dry hole?...The terms may change.

The deal needs to be known before drilling starts.

[SmackDown]

Coin, it has been happening as TECO management uses the money from selling shares to build up their other controlled companies...why couldn't they do it with these wells that they will not release their connection to? If TECO fails, and it is right now in every facet, they will have something new to go to that will possibly bring management money. SmackDown

[SCHNAUSER]

It is against the law. Call the enforcement attorneys at the Ft. Worth, Texas Office of the SEC or the Texas Attorney General or the Texas State Securiies Board. You can find your answer there from a non-biased party. That will give you the true and real answer if you really want to know. Just ask any of them if non reported financial filings using shareholder money between two companies is legal where one company does not have the right to operate a oil lease as determined by the TRRC.