Posted On: 05/13/2013 10:24:18 AM
Post# of 39368
Treaty Energy Corporation , TECO is not in bankruptcy. An involuntary petition was filed against the company, which requires multiple hearings before an involuntary bankruptcy is declared. Here is TECO's standard response to inquiries such as yours:
TECO's o fficial answer is that the involuntary petition is founded on completely baseless claims. Several of the petitioners are disgruntled former directors and employees of TECO that still hold resentment against the company.
The representing parties have used no filing attorney or have listed an attorney as a point of contact and are filing it pro se.
TECO is going to petition to have the case against TECO dismissed with supporting documents against the claims. If dismissed, TECO will be seeking full damages along with attorney fees as allowed by federal law. Shareholders should not be concerned as TECO's attorneys are already working on a legal response and are confident in TECO's case against the petitioners.
https://www.facebook.com/TreatyEnergyCorp?fref=ts
TECO's o fficial answer is that the involuntary petition is founded on completely baseless claims. Several of the petitioners are disgruntled former directors and employees of TECO that still hold resentment against the company.
The representing parties have used no filing attorney or have listed an attorney as a point of contact and are filing it pro se.
TECO is going to petition to have the case against TECO dismissed with supporting documents against the claims. If dismissed, TECO will be seeking full damages along with attorney fees as allowed by federal law. Shareholders should not be concerned as TECO's attorneys are already working on a legal response and are confident in TECO's case against the petitioners.
https://www.facebook.com/TreatyEnergyCorp?fref=ts
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