You probably saw in the newsletter that Privco is

You probably saw in the newsletter that Privco is an alias for "Private Company". IMO it is a private company currently owned and operated by TECO insider(s). PRIVCO is currently involved in the process of converting to a publicly traded company by completing the process of acquiring an existing public entity. . IMO that means TECO insiders have found a public shell for Privco to R/M with. Privco has acquired 50% of Sandbox and IMO a few other deals are in the works. Privco i.e. the future public company and TECO the public company are somehow going to share the same newly hired CFO but I'm not sure how the two companies will be structured whether as one or separately. Once all is said and done TECO is liberated from their oilfield service assets, TRRC, etc.
I'm hoping this restructure cleans TECO from most or many legal issues, TRRC issues, debt and other baggage left over from the prior BOD.

PRIVCO has an executed a JOINT VENTURE AGREEMENT with a downhole tool company whose patented process has been credited with optimizing and enhancing production on several hundred wells in Canada, Mexico and the United States.

"PRIVCO's commitment to integrating a full service operation into TREATY's growth oriented production platform and the ability to network its services to a growing number of energy companies in the Americas make this transaction a very attractive one for TREATY's shareholders," says Mr. Tesarski