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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by onthecaseon Feb 07, 2014 8:33pm
158 Views
Post# 22186503

RE:RE:RE:TID Asset Value... Don't forget existing contracts

RE:RE:RE:TID Asset Value... Don't forget existing contracts
sherbrooke1, you and I see it the same way, which surprises me not at all. You should see how much of the restructuring officer's declaration centers on not rocking the boat down in Columbia, keeping a coherent, functioning, profitable operation in place. For someone, obviously. Someone who will be in the right place to catch all the late payments that brought Chapter 11 around in the first place. Slick, eh?

Getting rulings reversed is an uphill battle, to put it mildly. Our current plan is to get in front of this thing and get a seat at the Bankruptcy Court's table, having input from as early a point as possible. There are multiple ways to accomplish this; decisions on that part of strategy are a big part of what is going into our selection of legal counsel.
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