blind, I'm a Sr Mechanical Engineer for a small 70 employee engineering firm. We develop products for the DOD and commercial sectors. I'm responsible for every products mechanical form, fit and function that goes out the door, schedules, costs, etc. I need to adhere to those schedules and budgets and we also depend on 3rd party servicers, fabricators, suppliers, etc. That said; I will always add much margin when giving my managers and the companies owner a date since I'm not in control of the 3rd party servicers. If I were a public company and trying to make a credible market for my stock; I would stop giving out dates all together in TECO's case. I would continue with the news letter but specific dates or "around this date" is useless IMO for reasons we are both speaking to. In the past there were many of these "soons" posted in PR's and then when the milestone died; we would hear zero about the reasons why. The PR'd event would just die on the vine and the market would wonder "what happened"? I personally just kept hanging on to those words but not anymore. Look at the trading volume. The last time TECO stock went to .04 was only due an Ihub trading club. How does TECO bring back credibility? IMO they need to start mentioning dates that are more realistic and then hit those milestones on a reasonable predetermined schedule. That schedule should have so much margin built into it that they always look like there coming in early and not late. IMO that should be a simple and common sense approach to market credibility so I worry about the hard decisions TECO needs to make like hiring competent accountants who deliver on time. If the late filings are truly the accountants fault and they are milking their hours just to charge a small oil E&P company then they should be fired and TECO should rehire one of many other firms in the country. My gosh man; September and no 10Q1 yet? There are no longer any legitimate excuses accept incompetency from one end or the other.
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Treaty Energy Corporation (TECO) Stock Research Links
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