I've extracted all excerpts from the last PR and 1
Post# of 39368
Posted On: 09/18/2014 10:27:21 PM
I've extracted all excerpts from the last PR and 15th's newsletter that only pertain to Privco's, Sandbox's and Treaty's future relationships as defined so far. The reason is to try and piece together how it's being structured and what might be coming. What I find interesting is the excerpt that implies Privco and Treaty will have the same newly hired CFO and I quote from the newsletter "the companies will announce a new CHIEF FINANCIAL OFFICER (CFO) imminently". As far as NSS is concerned; the corporate restructuring and especially share restructuring and dividends should burn them. I'm confused but interested as to how it is all being structured and if or how it effects TECO's share structure.
The PR and newsletter excerpts I don't list below are the many deals the "three company" strategic venture can revive like the 500 Louisiana Well Drilling project and Belize and Project X. If any of these large projects can be brought back to life then this should also put fear into the shorters and cause a short squeeze.
The corporation has signed a LETTER OF INTENT with a private service company, "PRIVCO" to "liberate the oilfield service" assets of TREATY Energy into "PRIVCO" as part of the process
PRIVCO has an executed JOINT VENTURE AGREEMENT with a downhole tool company
We expect to distribute a Press Release in conjunction with PRIVCO regarding the joint relationship as soon as we are able to legally do so. This was a critical step in reorganizing and restructuring TREATY into an entity that can grow and thrive as a dynamic, growth oriented oil & gas production company and a separate public entity that will be a thriving oilfield service company.
In addition, PRIVCO has acquired 50% of the interest of SANDBOX RESOURCE SOLUTIONS LLC of Abilene, TX. "SANDBOX"
PRIVCO is currently involved in the process of converting to a publicly traded company by completing the process of acquiring an existing public entity.
The two companies will also share some administrative and management functions in order to save costs and provide the best corporate governance possible. To this end the companies will announce a new CHIEF FINANCIAL OFFICER (CFO) imminently
As part of the changes in structure to the company the Board of Directors has negotiated a stock based dividend for all TREATY shareholders in PRIVCO.
The PR and newsletter excerpts I don't list below are the many deals the "three company" strategic venture can revive like the 500 Louisiana Well Drilling project and Belize and Project X. If any of these large projects can be brought back to life then this should also put fear into the shorters and cause a short squeeze.
The corporation has signed a LETTER OF INTENT with a private service company, "PRIVCO" to "liberate the oilfield service" assets of TREATY Energy into "PRIVCO" as part of the process
PRIVCO has an executed JOINT VENTURE AGREEMENT with a downhole tool company
We expect to distribute a Press Release in conjunction with PRIVCO regarding the joint relationship as soon as we are able to legally do so. This was a critical step in reorganizing and restructuring TREATY into an entity that can grow and thrive as a dynamic, growth oriented oil & gas production company and a separate public entity that will be a thriving oilfield service company.
In addition, PRIVCO has acquired 50% of the interest of SANDBOX RESOURCE SOLUTIONS LLC of Abilene, TX. "SANDBOX"
PRIVCO is currently involved in the process of converting to a publicly traded company by completing the process of acquiring an existing public entity.
The two companies will also share some administrative and management functions in order to save costs and provide the best corporate governance possible. To this end the companies will announce a new CHIEF FINANCIAL OFFICER (CFO) imminently
As part of the changes in structure to the company the Board of Directors has negotiated a stock based dividend for all TREATY shareholders in PRIVCO.
(0)
(0)Treaty Energy Corporation (TECO) Stock Research Links
Scroll down for more posts ▼