SEPTEMBER PAYMENT , ECUADOR and 300% returnThose who have been waiting to buy TID as low as possible, they will MOST LIKELY lose the train and a 300% CERTAIN RETURN from the current levels DUE TO THEIR GREED. They play with the CENTS and they do not buy now because they want 400% instead, expecting for bad news to show up ! So they must LOSE ALL to pay for their GREED. This is the market's law.
An announcement about the September payment did not show up, disappointing the bears. TID did not announce anything because apparently it PAID AS SCHEDULED its September installment. TID would announce something only if there was a CHANGE at the scheduled payment. Common sense.
This means that ECUADOR paid its first installment this September AS SCHEDULED.
Regarding the DECEMBER payment, TID can also pay that installment thanks to several favorable factors. Actually, ONE factor is enough:
1) EBITDA will most likely hit $17 million in Q4 2013.
2) Favorable news regarding HRP.V lawsuit will be released by then.
3) Favorable news about the VAT in GABON will most likely show up by then too. TID is a member of a group (with some MAJOR E&P companies) that negotiates this VAT with the Government of GABON. TID is not alone for that claim.
4) Customers for the high margin heli-portable rigs will be found by then.
So a refinancing might NEVER COME and the stock can JUMP any time during the next days because some investors will understand all these positive developments before the typical LOSER retail investor do (AS EXPECTED).