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  4. Treaty Energy Corporation (TECO) Message Board

Your too funny when saying "sell and move on".  D

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Post# of 39368
Posted On: 08/10/2013 12:35:34 PM
Posted By: DTL
Re: bigdaddy21c #19029
Your too funny when saying "sell and move on".  Do you know how many would sell if they could and  I believe that might be TECOs fear.  Many can't sell because they have restricted shares.  You can't exercise restricted shares when filings are past due.  The company needs to be "current filers" to register restricted shares for sale.  I couldn't sell my shares which are majority restricted if I wanted to.  I do have additional common shares that are gone as soon as I break even  or better on them.  I need to reduce my exposure to TECO which has been nothing but a disappointment to date.  Show me otherwise if you can!  .018 PPS and a trial and error business plan with more overblown predictive milestones and goals than success in those milestones and goals.  These latest newsletter implied milestones need to be successful since time and chances are running out IMO.  IMO TECOs shareholder base is tired and frustrated and that is why they are overlapping the 10K and 10Qs.  As soon as the 10Q1 is current then the 10Q2 will be late so again limiting those  otherwise restricted shares sold into the market.  I hope I am incorrect with this theory and the 10Q1 and 10Q2 are filed concurrently.  There is zero liquidity for those with millions of restricted shares. Thats ok in my case since I'm in no hurry to sell and I always planned to hold my restricted shares for years just in case TECO is successful.  For me is it bang or bust long term but I don't like the games if indeed that is the intention i.e. "block restricted to the market".  If that is the game then IMO it shows little integrity and implies that TECO has developed a  weak investment market.   It's time to strenghen it and news alone won't do it but success in the field will.  Go TECO before it's too late!


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