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  4. Treaty Energy Corporation (TECO) Message Board

As I mentioned before; the SEC should look into TE

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Post# of 39368
Posted On: 05/24/2016 6:00:07 PM
Posted By: DTL
Re: Kanola #35256
As I mentioned before; the SEC should look into TECO'S activities dating from day one through present assuming they are not. If the SEC does their job and investigates thoroughly and TECO is clean then the SEC has done it's job and trading will resume with permission from FINRA. FINRA might be waiting on the SEC to complete their investigation. Shareholders will eventually know the outcome of the investigation(s) and if fraud or similar was committed then shareholders should have evidence for attorneys to use in a class action lawsuit. It can take years for the SEC to build a solid case. It also takes forensic accountants and investigations into personal accounts, interviews, etc to accumulate the evidence. On the surface shareholders have been completely screwed and those in the wrong are either "HIDING" or "HARD AT WORK SUPPORTING SHAREHOLDERS"! Let me say it again "on the surface". There might be good and honest reasons for the months of silence. If not and this is some sort of delay tactic then the SEC with cooperation with the FBI will find the fraud, indict and subpoena! I've mentioned numerous times that I was a shareholder witness for another case where fraud against the shareholders was committed. It took approximately two years from the time PLNI stopped trading to the time an indictment was issued and then a few more months to schedule CEO James Turek's trial.

Many shareholders have written into the SEC supporting TECO.
Will that support result in a contradiction? Time will tell! It would be nice to hear if any work is being done and not only mentioned but proven! These claims over the years of "we are doing this and doing that" will fall and have fallen on deaf ears. No email or phone call would convince me. Only third party proof and/or documentation.

http://www.kentucky.com/news/business/article44365551.html


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