You ask why the lack of "new BOD patience"? Person
Post# of 39368
Posted On: 12/12/2014 1:34:24 AM
You ask why the lack of "new BOD patience"? Personally it's not my loss of $30K+ on paper that upsets me since I pushed the buy button. That is my responsibility so I except it. What provoked me to push that buy button has ended up to be 100% bullshit.
The new BOD followed in the footsteps of the old BOD who left longs a company with zero credibility. What really infuriates me is while knowing this the new BOD makes the same mistakes and puts out PR's that haven't been fore filled months after the PR's were published. The new BOD touts an Aquinas deal, financials by July, a Privco deal with dividends or similar, a Colorado deal, selling Belize assets to fund the Colorado deal, etc, etc, etc. Whatever by 12/31/2014. I'm confident there are many good excuses and what was inherited is difficult to fund out of. It doesn't dismiss the stupidity of keeping ones mouth shut to maintain whatever little credibility might be left. It might be better to float Project X rumors then to PR milestone no. 105 that like the other 104 have less than zero chance of success. Why is TECO still seeking funding if all this news from months back were remotely possible? It proves a level of incompetence and/or a lack of TECO due diligence by the new BOD.
So far TECO shareholders are getting more of the same. After round 1 with the old BOD, how long does one wait for round 2 with the new BOD when actions are proving much louder than words. If the average shareholder really understood how limited TECO's options were then maybe they would realize why nothing should have been PR'd until 110% achievable. When credibility is already damaged and repair is 100% necessary then common sense prevails and nothing is said until 110% guaranteed. That "round 2 credibility" train has already left the station!
The new BOD followed in the footsteps of the old BOD who left longs a company with zero credibility. What really infuriates me is while knowing this the new BOD makes the same mistakes and puts out PR's that haven't been fore filled months after the PR's were published. The new BOD touts an Aquinas deal, financials by July, a Privco deal with dividends or similar, a Colorado deal, selling Belize assets to fund the Colorado deal, etc, etc, etc. Whatever by 12/31/2014. I'm confident there are many good excuses and what was inherited is difficult to fund out of. It doesn't dismiss the stupidity of keeping ones mouth shut to maintain whatever little credibility might be left. It might be better to float Project X rumors then to PR milestone no. 105 that like the other 104 have less than zero chance of success. Why is TECO still seeking funding if all this news from months back were remotely possible? It proves a level of incompetence and/or a lack of TECO due diligence by the new BOD.
So far TECO shareholders are getting more of the same. After round 1 with the old BOD, how long does one wait for round 2 with the new BOD when actions are proving much louder than words. If the average shareholder really understood how limited TECO's options were then maybe they would realize why nothing should have been PR'd until 110% achievable. When credibility is already damaged and repair is 100% necessary then common sense prevails and nothing is said until 110% guaranteed. That "round 2 credibility" train has already left the station!
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