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  4. Treaty Energy Corporation (TECO) Message Board

What percent of the bills can they pay with the cu

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Post# of 39368
Posted On: 10/24/2013 7:07:45 PM
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Posted By: Dead Cat Bouncer
Re: pennywise #21135
What percent of the bills can they pay with the current oil revenue.    It is going to take 20,000,000 per quarter to make .01 per share with the current share structure.  Not a bad thing but at that point our shares should be worth .15 to .50.  We are going to need something to go right if we are going to get there.  Remember there are people who I know and respect who do not think a stock is worth anything with out a profit that is where the bashers logic comes from.  They short stocks which are losing money because they have the odds in their favor.  If we start making money or braking even they will lose their edge and move on.  This new business plan is good because we see steady improvement.  The Mitchel # 1 rework is yielding $500-$1000 /day  That is $50000 a quarter and it chips away at their edge.  The Stockton #2 will produce ?  What ever it is we need it as soon as possible.  God bless you all.


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