Replies to post #70393 on Treaty Energy Corp. (fka TECO)

[tdbowieknife]

Not when the majority of stock is held by management. In the case of Treaty stock, stockholders get NO say in anything.

The A/S increase was voted on by the board of directors...

On August 19, 2013 the Company's board of directors unanimously approved the increase of its authorized number of shares of common stock from 1,250,000,000 to 1,950,000,000.

Can be found in Note 13 – Subsequent Events.

http://www.sec.gov/Archives/edgar/data/1075773/000135448813005281/teco_10q.htm

[SCHNAUSER]

I would say the answer to your question on "what legal authority" lies with Attorney S. Cox at the Ft.Worth SEC office. Give her a call.

[tdbowieknife]

If they issued a trillion shares and paid officers and directors with 750 billion shares they effectively would become the owners

Treaty did that in the beginning. They hold a majority of stock. Retail stockholders have no say in anything...