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  4. Treaty Energy Corporation (TECO) Message Board

CT did not help this company but ruined it IMHO. H

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Post# of 39368
Posted On: 01/06/2016 12:51:11 PM
Posted By: allbetson
CT did not help this company but ruined it IMHO. He was supposed to give us 3 low producing oil wells for all the stock he received and to become CEO. What he gave us was 3 non producing wells and so he gave the stock back and remained CEO because old management was under the gun from the SEC and the company was failing because they did not know how to manage with all the money they were given. Then CT sold restricted stock in 2014 and was to use the money to get the filings up to date. He used the money for who knows what and took over 1 year to deliver the restricted stock. Then large shareholders decided enough was enough and decided to become board members who can fire CT when they want but CT has to make good and that is why CT is saying he is using his own money to get the filings done. CT is no longer in control of TECO and has no say in company business.The last face book PR was signed by the BOD and CT will be gone in due time. He is not the savior that some here believe he is. Can anyone explain to me why CT does not own 1 share and is using his own money to get the filings done? Sorry but that is how it is.


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