Sunny you are dead on regarding Treaty and their reporting habits. This is one area that management is sorely lacking in providing appropriate guidance to their auditors so they can get their financials out on a timely basis each quarter and year end as required by the SEC. However, if they can in fact get their second quarter filed and then their third quarter completed and filed by the normal SEC timeline of Nov 15, they would finally be on track. With the business plan being brought into managed timelines they would finally have the whole picture created for a valued stock. Just a guess but I sure hope they do get the 3d Q filing done on time or at least withing the five day extention allowed time. That would put the stock back in good standing, and with that investors would be in good standing. You might even go farther and say by that time if their drilling success continues and they are either at or close to cash flow positive, then they will have completed a nice turnaround from last years and negative posters will have nothing to whine about anymore. Now, that would really be something! It could be in the making! Get Ready!
(0)
(0)
Treaty Energy Corporation (TECO) Stock Research Links