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Post# of 39368
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It is with great satisfaction that the Board of Directors announces the conclusion of the company’s first Board Meeting under new management that took place in New Orleans July 20-21. During the nearly two day session, the BOD made significant headway in continuing the groundwork for having a company whose leadership will be pursuing a dual path of regulatory compliance AND pursuing a business plan your Board and current management believe is promising. For example, there will be forthcoming near term announcements of Board activities and company actions on the SEC’s EDGAR filing system.
In that context, we will be making definitive announcements to our shareholders in the coming days of Board activities and company action utilizing (with only rare exceptions not deemed material, individually or cumulatively) SEC channels - namely the EDGAR filing apparatus - for such disclosure. It is your Board’s intent to be much more diligent (and frequent) in making disclosures. More specifically, the company is in the process of getting its SEC filings current (with associated audits and financials for the periods covered) and, going forward, will use a disciplined approach to disseminating material activities and events as REQUIRED in the time frame REQUIRED to do so. Your Board believes that shareholders deserve to know the facts, good or sometimes not so good, that arise out of the operations of this corporation.
Accordingly, your Board believes that company news needs to be disseminated properly and in a timely manner, utilizing the established, more assured methods for such disclosure. As a consequence, we will seek to make company disclosures more frequent, more formal and, more generally, distance ourselves from any allegation of selective disclosures. To that end, the Company will not be responding to chat room or related media commentary and, thereby, we believe we will better assure a safe harbor for the company while simultaneously better allowing all investors to make informed decisions with regard to the company's operations.
THE BOARD OF DIRECTORS'
TREATY ENERGY CORPORATION