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  4. Treaty Energy Corporation (TECO) Message Board

I didn't know of or realize that 10% rule. You hi

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Post# of 39368
Posted On: 05/19/2014 12:58:57 PM
Posted By: DTL
Re: blindinvestor #27730
I didn't know of or realize that 10% rule. You hit the nail on the head with "potential" but I think many heard my point. I stand corrected on my opinion of a PR strategy that might eliminate the perception of additional false starts to the general public. I guess that SEC rule makes opinion of a PR strategy incorrect unless the LOI is less than 10% of the company value. In the past I've asked why shareholders have never received public explanations when past LOI's haven't closed. If the deal doesn't close then I guess the strategy in the past was to keep TECO shareholders "hanging". A lot of good that did for credibility. I guess there isn't an SEC rule that demands the final status of a LOI need be publically addressed unless only successfully completed? Let's hope that above and beyond all SEC rules and idiotic opinions such as the one I mentioned, TECO can pump some oil and realize some decent revenues from this project. I question how many SEC rules the prior BOD knew and that was their job!


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