Treaty Energy Corporation
30 mins ·
I wanted to get out a message to all of you, our loyal shareholders since I had indicated previously that I'd update you in "7-10 days". Please let me reiterate TREATY IS IN A STATE OF TRANSITION AND UNCERTAINTY. We are doing everything we can to ENSURE that Treaty not only survives, but has a chance to eventually THRIVE. While some people justifiably frustrated feel getting "barrels on" and "getting audits done" is a simple matter so as a famous sports company might say "just do it". I can assure you in the case of Treaty, things are not quite that simple, but we are making great headway.
I had indicated previously we need to hit SINGLES and that is what we are doing. We will have a full operational plan WITHIN THE COURSE OF THE COMING DAYS that will give Treaty the opportunity to work on ensuring compliance and administrative strength. The next single is to ensure that Treaty works out a plan to handle its debt and obligations. The next single is to ensure that Treaty has horsepower to continue on with its operations. That is what we are focused on, that is what we are striving for and that is what we will do.
We are obviously pleased to see some trades in our stock. We are obviously well aware that we have a long way to go. BUT LET ME ASSURE YOU, the company, on behalf of its shareholders WILL DO EVERYTHING WITHIN ITS POWER to work with regulatory bodies to comply with ALL of the actions we MUST take to ensure we give the shareholders back a company that WILL WORK.
The mistakes of the past; must be eliminated. So therefore, working on BIG PLANS to save the company and making announcements about REAL TRANSACTIONS to bring encouragement and hope, are over. We will announce FINALIZED deals and transactions when they are just that, FINALIZED.
So now we would ask you to understand that the work continues, the transactions are being put in place to ensure we do. As per the agreement TEXAS SANDS had with the company, it is now considered canceled. I have returned to the company the PREFERRED SHARE CERTIFICATE, which had been issued previously. The wells that we were to be bringing into the company had not materialized and we need to be focusing on bringing VALUE to shareholders and that is what we will do. These wells will be made part of the FINALIZED transaction, but until such time it is not right that TEXAS SANDS should maintain a PREFERRED SHARE CERTIFICATE. In addition, the agreement clearly stated that if a lawsuit was brought to the company, which involved it or any of the former management in any way that potentially jeopardized the company and potentially those assets, the agreement was to be canceled.
So now, I will only be compensated by a; NEW BOARD OF DIRECTORS, CHOSEN BY YOU THE SHAREHOLDERS, if I am able to bring a value added transaction to the company. It is the right and proper thing to do. So please understand now, that I, like you want to see this company succeed as ALL of the efforts so far go to naught if I cannot get things resolved, rest assured I am going to do everything within my power to ensure that doesn't occur.
Happy New Year to all. And we will continue to remain diligent and hopeful for Treaty as we move forward.
Chris Tesarski
30 mins ·
I wanted to get out a message to all of you, our loyal shareholders since I had indicated previously that I'd update you in "7-10 days". Please let me reiterate TREATY IS IN A STATE OF TRANSITION AND UNCERTAINTY. We are doing everything we can to ENSURE that Treaty not only survives, but has a chance to eventually THRIVE. While some people justifiably frustrated feel getting "barrels on" and "getting audits done" is a simple matter so as a famous sports company might say "just do it". I can assure you in the case of Treaty, things are not quite that simple, but we are making great headway.
I had indicated previously we need to hit SINGLES and that is what we are doing. We will have a full operational plan WITHIN THE COURSE OF THE COMING DAYS that will give Treaty the opportunity to work on ensuring compliance and administrative strength. The next single is to ensure that Treaty works out a plan to handle its debt and obligations. The next single is to ensure that Treaty has horsepower to continue on with its operations. That is what we are focused on, that is what we are striving for and that is what we will do.
We are obviously pleased to see some trades in our stock. We are obviously well aware that we have a long way to go. BUT LET ME ASSURE YOU, the company, on behalf of its shareholders WILL DO EVERYTHING WITHIN ITS POWER to work with regulatory bodies to comply with ALL of the actions we MUST take to ensure we give the shareholders back a company that WILL WORK.
The mistakes of the past; must be eliminated. So therefore, working on BIG PLANS to save the company and making announcements about REAL TRANSACTIONS to bring encouragement and hope, are over. We will announce FINALIZED deals and transactions when they are just that, FINALIZED.
So now we would ask you to understand that the work continues, the transactions are being put in place to ensure we do. As per the agreement TEXAS SANDS had with the company, it is now considered canceled. I have returned to the company the PREFERRED SHARE CERTIFICATE, which had been issued previously. The wells that we were to be bringing into the company had not materialized and we need to be focusing on bringing VALUE to shareholders and that is what we will do. These wells will be made part of the FINALIZED transaction, but until such time it is not right that TEXAS SANDS should maintain a PREFERRED SHARE CERTIFICATE. In addition, the agreement clearly stated that if a lawsuit was brought to the company, which involved it or any of the former management in any way that potentially jeopardized the company and potentially those assets, the agreement was to be canceled.
So now, I will only be compensated by a; NEW BOARD OF DIRECTORS, CHOSEN BY YOU THE SHAREHOLDERS, if I am able to bring a value added transaction to the company. It is the right and proper thing to do. So please understand now, that I, like you want to see this company succeed as ALL of the efforts so far go to naught if I cannot get things resolved, rest assured I am going to do everything within my power to ensure that doesn't occur.
Happy New Year to all. And we will continue to remain diligent and hopeful for Treaty as we move forward.
Chris Tesarski
