To those at TECO headquarters; please read the following:
I'm averaged in on your company stock at .034 over a three year period. I thought my average was less but I recently missed some earlier buy orders in the .06, .07 range. I'm going to lower my Mitchell no. 3 & 4 estimates from 80-100 BPD to "Zero" since if nobody else in the market knows what the formal BPD is then how would I or any other potential investors know any of the Mitchell or ongoing Brown or Belize technicals. In this day of technology I shouldn't need to fly to Texas or Belize to obtain transparency. Transparency has been promised all too many times in one voice or another. My time is too valuable for that! Just as your time was too valuable to go check on W. Texas during Yorks reign and I have suffered financially for your lack of oversight. This most recent lack of transparency in the face of claiming future transparency during the CC is becoming very very tiring and hypocritical! TECO has some level of BPD coming out of the ground and then they have some number of "NET BPD" based on co-ownerships. How do shareholders and future investors know the net BPD if we don't know the gross BPD. How do investors like myself figure EPS is we don't have current expenses and operations and share structure in most recent filings? Is it being implied that we're all suppose to make investment decisions on message board propaganda and especially in the face of what went on in 2012. This is just more of the same in my opinion only spun from a different angle. Real investors don't invest hard earned money based on this lack of "specific" information and formal numbers i.e. "TRANSPARENCY"? Longs are well aware why the PPS is 1.5 cents and the volume so low? Of course upsetting ex-employees and ex-shareholders over a long period of time and who decide to file an involuntary BK didn't help! These legal matters should have never been able to get that far! Simply put; stop upsetting the public! We could have 2000 BPD since it's one year since the original PR'd 1000 BPD but if any ongoing BPD is a big "market secret" for one reason or another then our investment continues to suffer due to it. I'm sure certain information will be made public "SOON" as mentioned numerous times but until then facts are facts. What do shareholders and the general investing public know? We have oil running into tanks but how many tanks so far and at what rate? Is it commercial? We still have a hope and a prayer for Mitchell no. 4 and I can only guess at some reasonable BPD but it will be another month or longer for those "formal" results that were due back on April 1st and should be in TRRC reports by now. I invested additional funds back in March and based on that CC information your team provided. I hope that any future long lead times to transparency doesn't allow the ongoing manipulation to bring TECO's PPS back to subpenny? The longer all this takes then the more manipulation and vapor shares hit the market. The sense of urgency over the ongoing manipulation for the last year or two seems to be non-existent. These ongoing false starts and delayed starts have gone on for long enough. The overall business plan has taken far too long to execute based on what was advertised over the course of years. Call it selfish but all I care about is the PPS and getting back in the black. I'm not here to pump, I'm not here to bash; I just want facts so I know whether to buy, sell or hold. I would prefer to have some "VALUE" for a change. I don't care if people want to say "it's coming or look at this or look at that"; SHOW ME THE MONEY IN SEC FILINGS; PERIOD! I don't care anymore how TECO approaches the PPS and the need to retrace back up several pennies. The PPS could move back up due to TECO running a penny stock promotion or through buying back shares or reducing the OS or by the historical PR BS campaigns or by simply PUMPING OIL. Regardless; getting back in the black is all that matters to me and I'm confident many other long term investors. It's been over a year since I've seen black based on my overall average. Please dismiss this BK, file the SEC reports and on time in the future, improve your lead times and schedules. I would ask that you tighten the budget but I'm assuming there is no money or very little of it so far and CFP is still unknown after many additional months of expecting it. Please stop lying to share holders in PRs and conference calls, and TECO's attorneys will stay out of the nations courtrooms.
