A TECO insider told me there were something like 80-100 million FTD shares. Who knows if they really knew or had proof of those facts but why wouldn't the SEC research this claim? Especially now that the SEC is directly involved in climbing up every one of TECO's orifices! Numerous companies have complained about NSS over the years. Did any NSS activity deplete TECO'S ability to raise capitol and/or fund their projects albeit successful or not? Why wouldn't the SEC focus on this issue in parallel with these other so-called complaints? Why not work with the DTCC and FINRA and scrub TECO'S share structure to see if there was any internal or external corruption? Then investigate the brokers who placed these trades? Then match the trade to the actual certificates and/or electronic allocations? It's probably a lot of work but so hasn't been this ludicrous investigation! What is the SEC seeking? Justice for shareholders? Justice for the law? An agent building a name for herself? A cover up?
Something is off about TECO'S entire history from the inside out! Whether it is the old BOD committing fraud or the brokers or hedge funds or those on IHUB who might be working with hedge funds; something isn't right and the story continues! If this were a "slam dunk" case it would be over by now whether in favor of the SEC or in favor of TECO! If individuals have been subpoenaed and ignored it then they would be locked up by now. This "lack of cooperation" doesn't make sense since the courts can mandate cooperation and those who don't cooperate are hunted, fined and/or jailed.
Don't believe those who pretend to be legal experts and have a history of distorting facts to begin with.
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