According to rumor TECO has 8000 shareholders. How would one organize 8k shareholders into requesting their certs? Everyone of them would need to be longs and have the incentive to request them. Like any other stock TECO has it's share of traders and day traders who want quick liquidity as soon as TECO's volume achieves liquid status. These types of shareholders will never request their certs and there are probably many of these types of shareholders. IMO when an OTCBB company increases it's AS; it's open season for additional NSS because the percentage of non-certificated shares decreases as a whole of the OS/AS and makes the practice easier to hide. The OS/AS has increased twice since I bought my first TECO shares. Nobody is really watching to begin with i.e. the SEC doesn't care about what is going on in the OTCBB and Pinksheets. The SEC has enough problems with the AMEX, NASDAQ and DOW. The targeted companies don't have a leg to stand on because they are either broke, slow to react to the problem, or just don't admit that they have the problem. TECO has done a horrible job managing their credibility and market and the manipulators are walking all over share value and have been for years. Without NSS the current 1.5 cent PPS would be worth a nickel. TECO has quite a bit going on compared to most OTCBB and Pinksheet companies. We're talking "oil" just to begin with and oil equals money. TECO has leases in Belize, capitol equipment (somewhere), real revenue, multiple leases and wells planned in Texas, and some X-Factor. Why has the PPS been sitting at less than 3 cents for the majority of a year? 5's held, then 4's held, then 3's held, then 2's held and now TECO has a hard time getting above 1's with more going for it than in the history of the company. Answer is TECO has enemy bashers that have been allowed to sit on Ihub everyday making up FUD. TECO has enemies that filed Involuntary BK claims. This is not coincidence. This is what assists the NSS manipulators into causing weak hands in parallel with the NSS with the hopes of eventually putting TECO out of business. Those causing the FUD could be environmentalists, competitors, or those hired by hedgies never wanting to cover or it could be all the above. The longer TECO's takes to realize CFP and file their financials on time and lower their share structure via a buyback and scare the above criminals into covering these vapor shares with certs; then the worse it will get. Time is of the essence and TECO has moved very slowly for numerous reasons. Let's hope they can make up for "lost value and time" in short order.
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