Hopefully I have some credibility from my years of posting on the TECO boards. If you have been buying back in between .0001 and .003 ranges then those lots are divided by 11.5 with currently no guarantee of a high enough future value to recover from that split in the OTC. The bashers will be all over this and without reading Ihub I'm confident they are already doing the happy dance over this and saying "I told you so"! I AM NOT BUYING NOW! I would take a wait and see stance on the BOD'S future actions. My bet is the PPS opens with a new MM and the new OS and a new PPS worth 11.5X whatever value the MM would place on it. Whatever PPS the MM's opens the ask at; IMO the PPS has a high risk of tanking with nothing but forward looking PR'S i.e. same old, same old! They better have million dollar contracts to 8K right out of the gate and then some. The company restructuring is only one aspect of the "new TECO" but the ability to bring in oil related projects whether it's the water filtration system or reworked wells or new wells or whatever has proven ZERO SO FAR! The OTC is risky enough but now TECO is trading in the greys, the SEC continues to look on, the new BOD reverse splits without any further outlook other than "we plan this or we plan that", etc, etc. I would watch closely and chase if necessary.
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