Since the Company has been receiving several PMs/e
Post# of 39368
Posted On: 10/15/2013 7:47:32 PM
Since the Company has been receiving several PMs/emails suddenly regarding the matter, this will be responded to in the newsletter. However, almost every single thing that this individual has posted with regards to this is false. The Company will outline every piece of false information:
A) Mr. Hardin is not involved in SJ#3. He is not the driller on SJ#3. He was involved in SJ#2 and has been compensated since then for his work as part of the agreement.
B) The Document was not recently filed. It was filed on November 29, 2012 -- almost 1 full year ago.
C) Mr. Hardin did not take this to court. This document is simply a notice of record (e.g. a demand notice). This is NOT a lien. A court did NOT place a lien on the Company regarding this matter. TECO settled the matter peacefully with Mr. Hardin and he is still a supporter of the Company. Thus, he did NOT have a lien against the Company. On page 4 of the document it specifically says:
There are NO active liens against TECO from BMR and a lien was not filed.
D) The document in question doesn't list ANY of the equipment that "TDBowieKnife" lists. The document in question lists a 1978 Chevrolet Truck and a 1994 Shop Made Trailer. If a lien were applied, it would be applied to these pieces of equipment. Absolutely none of the listed equipment by this individual would qualify under the theoretical lien.
E) The Schramm 450 is the rig that is currently in Belize sitting on top of San Juan #3 (trying to remove a packer). If you would like to see the rig NOT locked up in a yard, please visit our website (www.treatyenergy.com) and you can see the rig in Belize.
F) The other equipment (mud pumps, generators, trucks, pipe, etc.) are all located on a yard in Texas that is paid for by the Company on behalf of Treaty Energy Drilling, a fully owned subsidiary of TECO. In other words, it's TECO's yard.
G) All liens are listed in financial documents that are reported to the SEC under the legal notices section. Since a lien was not placed on TECO regarding this matter, it's not listed. This is proof that the Company doesn't have a lien placed on it in the amount of $65,000.00. If there was one, the lien would have been reported in the 2012 10-K or the 2013 Q1 10-Q based on the filing date of the documents listed (November 2012).
H) TECO's filings are in adherence to the Generally Accepted Accounting Principles (GAAP) as required by the SEC. TECO is not required to list matters that are settled outside of legal action. This is the same standards that all corporation abide to.
I) The individual who posted this document has linked the rig back to Mack Maxcey (who has no relation to Mr. Hardin). Again, Mr. Maxcey claims this rig was "stolen" despite the fact that a federal court found his claims unsubstantiated and the case, a false bankruptcy petition, was dismissed.
Treaty Energy Corporation has made tremendous strides in improving its overall transparency for investors. Again, the Company recommends that individuals please treat all information from third parties sources as circumspect. Shareholders are encouraged to read all information thoroughly and make sure that the "opinions/commentary" that go along with sourced documents are factual before making investment decisions. All the information from this post can be double checked with the referenced posted document, the US federal courts and filed SEC documentation (2012 10-K and 2013 10-Q Q1).
The Company generally has a policy not to respond to accusations directly, however seeing that this particular issue is absolutely 100% false, we felt that we needed to respond directly to the accusations. We would post this directly on iHub, but again, iHub bans direct communication from company representatives unless companies pay a fee to post. We are strongly against pay walls to communicate with concerned shareholders. Because of this direct contradiction of an "open investor forum" and the arbitrary rules guiding discussions, TECO does not recommend visiting investorshub.
Shareholders who have any questions/comments are more than happy to email us at investors@treatyenergy.com or call us at 504-754-6926
A) Mr. Hardin is not involved in SJ#3. He is not the driller on SJ#3. He was involved in SJ#2 and has been compensated since then for his work as part of the agreement.
B) The Document was not recently filed. It was filed on November 29, 2012 -- almost 1 full year ago.
C) Mr. Hardin did not take this to court. This document is simply a notice of record (e.g. a demand notice). This is NOT a lien. A court did NOT place a lien on the Company regarding this matter. TECO settled the matter peacefully with Mr. Hardin and he is still a supporter of the Company. Thus, he did NOT have a lien against the Company. On page 4 of the document it specifically says:
"...If past due invoices are not paid in full within 30 days, BMR will file a lien at the Taylor County Office of the Clerk"
There are NO active liens against TECO from BMR and a lien was not filed.
D) The document in question doesn't list ANY of the equipment that "TDBowieKnife" lists. The document in question lists a 1978 Chevrolet Truck and a 1994 Shop Made Trailer. If a lien were applied, it would be applied to these pieces of equipment. Absolutely none of the listed equipment by this individual would qualify under the theoretical lien.
E) The Schramm 450 is the rig that is currently in Belize sitting on top of San Juan #3 (trying to remove a packer). If you would like to see the rig NOT locked up in a yard, please visit our website (www.treatyenergy.com) and you can see the rig in Belize.
F) The other equipment (mud pumps, generators, trucks, pipe, etc.) are all located on a yard in Texas that is paid for by the Company on behalf of Treaty Energy Drilling, a fully owned subsidiary of TECO. In other words, it's TECO's yard.
G) All liens are listed in financial documents that are reported to the SEC under the legal notices section. Since a lien was not placed on TECO regarding this matter, it's not listed. This is proof that the Company doesn't have a lien placed on it in the amount of $65,000.00. If there was one, the lien would have been reported in the 2012 10-K or the 2013 Q1 10-Q based on the filing date of the documents listed (November 2012).
H) TECO's filings are in adherence to the Generally Accepted Accounting Principles (GAAP) as required by the SEC. TECO is not required to list matters that are settled outside of legal action. This is the same standards that all corporation abide to.
I) The individual who posted this document has linked the rig back to Mack Maxcey (who has no relation to Mr. Hardin). Again, Mr. Maxcey claims this rig was "stolen" despite the fact that a federal court found his claims unsubstantiated and the case, a false bankruptcy petition, was dismissed.
Treaty Energy Corporation has made tremendous strides in improving its overall transparency for investors. Again, the Company recommends that individuals please treat all information from third parties sources as circumspect. Shareholders are encouraged to read all information thoroughly and make sure that the "opinions/commentary" that go along with sourced documents are factual before making investment decisions. All the information from this post can be double checked with the referenced posted document, the US federal courts and filed SEC documentation (2012 10-K and 2013 10-Q Q1).
The Company generally has a policy not to respond to accusations directly, however seeing that this particular issue is absolutely 100% false, we felt that we needed to respond directly to the accusations. We would post this directly on iHub, but again, iHub bans direct communication from company representatives unless companies pay a fee to post. We are strongly against pay walls to communicate with concerned shareholders. Because of this direct contradiction of an "open investor forum" and the arbitrary rules guiding discussions, TECO does not recommend visiting investorshub.
Shareholders who have any questions/comments are more than happy to email us at investors@treatyenergy.com or call us at 504-754-6926
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