The logical question relative to Mike is Whether h

The logical question relative to Mike is Whether he was aware of the problems relative to Treaty, particularly with respect to Belize, or whether he was brainwashed by the Company. As you are probably aware he had a extremely bullish stance on Treaty telling investors he believed the stock could go as high as one dollar within a year. If someone knew when he sold his position we might have a better idea......With respect to naked short selling in Treaty: Most individuals with expertise on the subject believe that at least 95 percent of short positions effected without borrowing the shares are held by offshore funds. As a result there is no reporting requirement. These funds concentrate on stocks above a dime. However, it is possible that naked short positions could have been established in Treaty during late January and early February 2012. During this period TECO went from 4 cents to 13 cents and then back to 6 cents on volume in excess of 130 million shares. Once a position is established the 10 cents level doesn't apply any more.