Hopefully the meeting between Princess, GOB and Tr
Post# of 39368
Hopefully the meeting between Princess, GOB and Treaty goes well this weekend and we can continue with Belize operations as usual and announce great news about SJ no. 3 sometime next week. I never thought the PPS would move much lower due to huge amounts of selling based on this weeks Belize offshore verdict. I don't think there are that many subpenny share holders who would still profit. That leaves only sellers with losses and some are large losses. The amount of strong longs on this board is probably 1/100 of the strong longs that lurk or don't read the boards at all. My thoughts of the PPS continuing to move lower was due to the ongoing manipulation and the ability of this weeks unmitigated Belize news to create more FUD. TECO keeps on feeding into the hands of these shorters and cohorts. I hope it's on purpose and they have some brilliant plan to squeeze them but I'm not confident. I understand the need to operate a business first and those results will increase or decrease share value. When transparency/PRs is no more than inflated statistics that conclude with zero similarity to their predictions and it takes over a year of damage to W. Texas and Belize operations before holding senior managers accountable; credibility and stock market loyalty goes to zero. W. Texas did nothing for over a year and Belize had two collapsed wells due to a poor hiring process, poor drilling process and/or poor materials Today's 439k shares traded isn't enough to cause much of a fuss in either direction. Seems to me that the MM's might just be able to keep the PPS where it's at until news comes whether it be bad or good. The next bit of news needs to be substantial and provable for the PPS to retrace back up in my opinion. I question if a simply improved TRRC report by a 5-10 BPD will be enough. I doubt news that TNC started to drill Mitchell will be enough. If the X-factor and/or great news out of Belize were announced then that might be enough. News of j more progress here and there or a small increase in BPD will fall on deaf ears IMO and the PPS will stay in this zone or will be manipulated lower if a significant milestone isn't accomplished soon. Some entity wants TECO out of business and they have been and continue to be under attack for a very long time.