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Treaty Energy Corporation TECO
Posted On: 03/11/2014 1:15:14 PM
Post# of 39368
Posted By: DTL
Re: TheCEO #26163

What I see are these implied excuses.  Example:  Blame and sue BK petitioners to provide the excuse that financing is difficult and will take longer to procure.  How many liens have been filed and how many parties are still owed monies?  They publish a six month plan and obviously  "without financing in place" and/or without knowing the exact drilling strategy i.e. "the need to hire consultants" but at what costs?  Then in the same six month published plan bring up "improved shareholder value" but without knowing the costs of financing and the costs of hiring consultants or a strategic drilling plan at the time of the published plan!  How do they know the published plan will produce shareholder value and especially after years of false starts and changes in business and drilling strategies.  I guess they are talking "shareholder value" for those who bought shares in the recent low .003's versus those "loyal shareholders"  who have been constantly "thanked"  but who bought in the .02's thru .12's.  That is how they get away with the generic statements "shareholder value"!  What specific shareholders will realize "value" if already down 1000% from historical highs?  It's this type of BS and rhetoric that upsets me.  Another example: Qty 5 wells drilled by 12/31/2013 but completed early 2014.  How many of the qty 5 wells have been completed? How much more BS can shareholders take?  I really wish they would shut up, put up and then speak but it's the same old song and dance!














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