TIME FOR ACTION
Here it is, our little army's first march. As mentioned, process has been implemented regarding legal counsel. It makes me distinctly uncomfortable to say that and not be able to say more. What I CAN say boils down to this: If it was me, I'd run out and hire a lawyer fairly quickly. But it's not just me. So those of us with expertise in the area - and we've found considerable expertise among TID's shareholders - are working together to screen and review options. Make no mistake, they are running FLAT OUT, contributing their professional skills for free around their normal lives, as quickly as is possible without inviting mistakes. The objective is to pump maximum value back into the shares without transferring that value out again to a lawyer. I think I speak for us all when I say that outcome will NOT be acceptable. Ensuring that balance is where effort is being spent now. Timeframe: A few days.
Now, for the action we need to move on right away: Below, please find a template for alerting the IIROC as to the improper sale of stock by Bruce Moyes. Registering a complaint is a personal decision, and up to you. A massive number of complaints waiting on the IIROC's desk when they open tomorrow will prompt action. The enclosed template is for informational purposes, and should be considered a starting point. Obviously, it's best if they're all a bit different. This should take less than five minutes to personalize and send to InvestorInquiries@iiroc.ca .
This will be a minor victory. Mainly, its purpose is to establish the first link in a chain, laying groundwork for other items in the works. Let's see how many complaints can be on that desk by morning. Fire at will.
-Template follows-
I would like to register a complaint in regards to Tuscany International Drilling (TID).
This member company filed for Chapter 11 / CCAA protection on Sunday Feb 4, 2014. In December 2013, a registered insider Bruce Moyes; Vice President of Finance for TID sold approximately 1 million common shares. This sale was preceeded by 2 press releases on Jan 16th 2014 and Jan 27th, 2014 and Feb 3, 2014. Each subsequent press releases was of a material event, and the common share price decreased by 71% from the first to third release.
TID only has 3 officers; it seems completely illogical that the entire management and director group not all be in blackout.