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  4. Treaty Energy Corporation (TECO) Message Board

It may be that the auditors did take the money, ..

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Post# of 39368
Posted On: 12/27/2015 5:07:17 PM
Posted By: blindinvestor
It may be that the auditors did take the money, .... and run. BUT, the amount of money paid might just have been what was owed to them by the old Treaty management and if that is the case, I can understand why they might have done that. But in any case, no matter what the situation, it should have been the fiduciary duty of the CEO to inform the shareholders of the actions taken, the consequences of those actions, and what was the next action the company was going to take. This should have been for anything that the CEO was doing for the company. I completely understand the company cannot be totally transparent in everything going on with all of their activities, but Treaty shareholders have been kept in the dark about everything. That is not right. And that's why I'm finally taking my losses and moving on. The best to each of you. Cheers, and a Happy New Year.


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