IMO if TECO wins it should help but what will the
Post# of 39368
Posted On: 12/16/2013 4:49:27 PM
IMO if TECO wins it should help but what will the specific charges and verdicts become?
The lawyer needs to get the case to the discovery process IMO. Then hire an SEC forensic examiner to go in and examine TECO's share structure. I'm not sure if TECO is simply wasting their time going after these individuals who might just have personal vendettas against the company i.e. not being hired or losing a rig or losing money in their portfolios or whatever their reasons for filing the involuntary pertition? These individuals can/will file bankruptcy upon losing the case or hide any large amounts of money if not doing so already. Spending money going after these individuals might be financially pointless other than to burden them with fines or criminal charges for tortious interference, etc. IMO that would set a good example and deter those who want to hurt the company moving forward. Then their is this theory of the bigger picture and are these guys doing what they're doing for the MM's, hedgies and brokers? How much is this case costing TECO and would the money be better spent retiring shares, new cusip, etc? TECO's resources seem to be limited and it seems they need to increase their share structure, not reduce it. I don't know what the answer is but TECO hasn't helped by diluting their share structure and making some bad decisions along the way. It only assists in these people proving their negative points of view while longs have little to defend themselves with so far. I hope the 10Q3 and 10K shed some better light on TECO. The company must feel they have some solid defense against these people and these people have caused TECO damages. So far those damages don't show up in the filings but reflect themselves more as false starts, lack of funding, lack of productions, bad 28% drilling deals, etc. Is that to blame on the these defendents or have these defendents actually caused an othrewise large lack of funding problem, an otherwise lack of production, false starts, etc? IMO the issues go deeper than any public record would show. We only have the Involuntary BK court records, TECO's SEC filings and the past TRRC reports and Ihub posts to go by so IMO time will tell.
The lawyer needs to get the case to the discovery process IMO. Then hire an SEC forensic examiner to go in and examine TECO's share structure. I'm not sure if TECO is simply wasting their time going after these individuals who might just have personal vendettas against the company i.e. not being hired or losing a rig or losing money in their portfolios or whatever their reasons for filing the involuntary pertition? These individuals can/will file bankruptcy upon losing the case or hide any large amounts of money if not doing so already. Spending money going after these individuals might be financially pointless other than to burden them with fines or criminal charges for tortious interference, etc. IMO that would set a good example and deter those who want to hurt the company moving forward. Then their is this theory of the bigger picture and are these guys doing what they're doing for the MM's, hedgies and brokers? How much is this case costing TECO and would the money be better spent retiring shares, new cusip, etc? TECO's resources seem to be limited and it seems they need to increase their share structure, not reduce it. I don't know what the answer is but TECO hasn't helped by diluting their share structure and making some bad decisions along the way. It only assists in these people proving their negative points of view while longs have little to defend themselves with so far. I hope the 10Q3 and 10K shed some better light on TECO. The company must feel they have some solid defense against these people and these people have caused TECO damages. So far those damages don't show up in the filings but reflect themselves more as false starts, lack of funding, lack of productions, bad 28% drilling deals, etc. Is that to blame on the these defendents or have these defendents actually caused an othrewise large lack of funding problem, an otherwise lack of production, false starts, etc? IMO the issues go deeper than any public record would show. We only have the Involuntary BK court records, TECO's SEC filings and the past TRRC reports and Ihub posts to go by so IMO time will tell.
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