Quote:Treaty Energy Corporation
December 26 at 12:58pm ·
I would like to wish all of our shareholders a happy Christmas and holiday season. We are blessed in so very many ways, Christmas and this time of year should give us much cause to think on this and truly give thanks. The gift of family, friends and togetherness at this season is indeed priceless. Take time please to truly think about what is truly important and valuable at this time of year.
Your Board has been deliberately silent based on advice from Counsel, I break that today by letting you know we finally are in a position of FINAL REVIEW on 2013. We will progress through 2014 and 2015 in relatively short order as we've been working through subsequent years simultaneously. Upon filing of 2013, it we hope, will be clear to shareholders as to why this has been such an arduous task. Previous pronouncements with regard to completion were ill advised and I will take responsibility. To say "we had no idea" is a bit of an understatement.
Our world is in turmoil. We all need much love, peace and joy to combat such strife as is prevalent. We also need to make realistic assessments of what the state of our world and economic conditions mean to us. The concept that a couple positive press releases and some filed forms will somehow make us immune to what GLOBAL companies with multi billion dollar balance sheets are facing is at best naive. With this in mind the Board is thinking creatively through what a compliant, fully reporting TECO means in terms of a market in turmoil. TECO needs to emerge stronger and creatively structured for the LONG TERM. We will continue to strive to provide value and long term ROI. Again when companies of global significance are thinking through what economists are now predicting could be a 20 dollar oil world, we'd better do the same and think about a strategy that'll work. Shareholders need to understand that's the level of commitment and diligence required. That goes far beyond making Facebook posts and somehow believing that we have more operational and technical expertise to do things better. It requires diligence and patience. Shareholders need to be prepared for that. TECO has been routed.
2016 will show that we are committed to keeping it alive. Sending messages and texts and voicemails wondering why we've not done the impossible on shareholder and self imposed timelines will now be ignored. It does nothing but create confrontation and disappointment on both sides. We need peace in our lives. We will strive for that by creating a positive environment for reviving TECO and making it relevant. I will not say again, as it would certainly seem questionable if the company truly has ever been relevant in the true sense of that term. If it is to succeed and continue, it needs to become just that, relevant. I do want to say that messages of offering creative suggestions and positive and constructive criticism and advice from our numerous shareholders who may in fact have just that, will be absolutely welcomed!
Please be absolutely assured we are trying to make 2016 a year of peace and relevancy for TECO. We all wish for our shareholders and their families a joyous and peaceful CHRISTMAS and holiday season.
On behalf of the Board of Directors
Well, PP, we did see this in an earlier post, but it
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