Posted On: 03/27/2014 1:47:39 PM
Post# of 39368
Yes, $750 exchanged hands today. Don't we have such an impressive TECO shareholder value after almost four years of loyalty! Makes one think that prior management was good at running scams but not capable of operating and growing an O&G company. What's starting to get to me is their arrogance. According to TECO they have suffered at the hands of BK petitoners who filed "false financial claims". Though it's ok for TECO to BS the public for years and well before these petitioners showed up. I find that a bit hypocritical to some extent because I feel TECO has made their own "false claims" against shareholders. I'm not one to be blindsided by this ongoing Involuntary BK court battle and the ongoing implied TECO excuses that it has caused damage to attracting funding, etc. We recently heard from another shareholder/member "there could be numerous opportunities for funding" so time will tell. TECO has more excuses and BS than 25 companies combined. TECO's false starts, lack of funding, dilution, Belize failures, 1000 BPD by June 2012, qty 5 wells drilled by
12/31/2013, 200 BPD from the Mitchells and possibly CFP, etc has been just as damaging to many shareholders and all that "false advertising" has nothing to do with BK petitioners.
One could argue the damage caused to shareholders and their families by pure incompetence and/or exaggerated public relations going back years far outways the recent damage caused by petitioners. Keep in mind these PR's are dictated from the top down. It has nothing to do with the present or past PR messengers! Maybe TECO couldn't procure funding due to the damage caused by petitioners or similar but I question: Why wasn't the revenue in place to begin with? Why wasn't the funding in place to begin with? How can a six month plan be publically announced without "funding" in place to begin with? I have a hard time believing it is all the petitioners actions that caused a steady decline in PPS from an intraday high of .13 down to today's .003 +/- over a period of years. Stop blaming BK petitioners for obvious business failure and incompetence at the expense of shareholders. I know some here who have lost from 10's to 100's of thousands of dollars. I am one of them! I hope there is someone out there trying to set things right and finally looking out for the best interest of shareholders.
12/31/2013, 200 BPD from the Mitchells and possibly CFP, etc has been just as damaging to many shareholders and all that "false advertising" has nothing to do with BK petitioners.
One could argue the damage caused to shareholders and their families by pure incompetence and/or exaggerated public relations going back years far outways the recent damage caused by petitioners. Keep in mind these PR's are dictated from the top down. It has nothing to do with the present or past PR messengers! Maybe TECO couldn't procure funding due to the damage caused by petitioners or similar but I question: Why wasn't the revenue in place to begin with? Why wasn't the funding in place to begin with? How can a six month plan be publically announced without "funding" in place to begin with? I have a hard time believing it is all the petitioners actions that caused a steady decline in PPS from an intraday high of .13 down to today's .003 +/- over a period of years. Stop blaming BK petitioners for obvious business failure and incompetence at the expense of shareholders. I know some here who have lost from 10's to 100's of thousands of dollars. I am one of them! I hope there is someone out there trying to set things right and finally looking out for the best interest of shareholders.
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