DTL writes; "If I were a public company and trying
Post# of 39368
Posted On: 09/03/2013 1:29:20 PM
DTL writes; "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." And then a few sentences later he posts, "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."
Well, which one is it? Stop giving out dates, or give out dates? It's no wonder you are having trouble with figuring out this stock DTL. I think we can all understand what you are trying to mean, but as I posted Treaty is not able to always follow what their projected timeline is because they are using outside vendors for their activities. As for you being a Sr Mechanical Engineer for a 70 employee engineering firm, how long has the firm been in business. My guess is long enough to have a track record of knowing how long thinks take to accomplish, and for sure they probably have a capital position or a commercial line of credit for their business, neither of which Treaty has because they are a relatively new company. Your concerns are understood by me, and I'm sure also by Treaty management. At this point they are probably doing the best they can do with what they have. I was there at the home office a few weeks ago and I can attest that they have cut overall expenses and are working diligently trying to get drilling funds lined up for west Texas where they have been successful and have an opportunity to drill at least another dozen wells on their current leases. How long will that take, who knows? Perhaps another twelve to eighteen months. But one thing to consider, if they had about 15 wells producing even only 20 BOPD they would be making money, which means they would be cashflow positive by millions of dollars a year. And that time is coming.
Well, which one is it? Stop giving out dates, or give out dates? It's no wonder you are having trouble with figuring out this stock DTL. I think we can all understand what you are trying to mean, but as I posted Treaty is not able to always follow what their projected timeline is because they are using outside vendors for their activities. As for you being a Sr Mechanical Engineer for a 70 employee engineering firm, how long has the firm been in business. My guess is long enough to have a track record of knowing how long thinks take to accomplish, and for sure they probably have a capital position or a commercial line of credit for their business, neither of which Treaty has because they are a relatively new company. Your concerns are understood by me, and I'm sure also by Treaty management. At this point they are probably doing the best they can do with what they have. I was there at the home office a few weeks ago and I can attest that they have cut overall expenses and are working diligently trying to get drilling funds lined up for west Texas where they have been successful and have an opportunity to drill at least another dozen wells on their current leases. How long will that take, who knows? Perhaps another twelve to eighteen months. But one thing to consider, if they had about 15 wells producing even only 20 BOPD they would be making money, which means they would be cashflow positive by millions of dollars a year. And that time is coming.
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