Tuscany International Drilling Inc T.TID

Iaminvestor's point is very obvious.....

[dbeaude]

Baker Hughes has done a good job diversifying their revenues and margins through an international model. International performance up.....North American performance down. So...as mentioned the moral to that story is diversify.....large North American players need to expand internationally and Tuscany is a perfect fit for most of these companies to purchase. 41 rigs with an average age of less then 5, in South America and Africa. Hello!

I am sure Walter Dawson would discourage a sale of the company at these desperate share price levels. Management  would like to get its credit house in order and then look out. However because of what I just mentioned, they may be receiving offers as we speak!

[dbeaude]

Meant to say Shlumberger not Baker Hughs

[rapid_fire_]

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[cetriolo]

i think they own less than 40%... i believe it is around 30%

[totid]

Tid is too expensive over 1 dollar a share. 400m shares, 230m debt mere 40 rigs. I think Dawson may have over done it. Invigorated by his past success he has aggressively grown TID over a very short time, went on buying binge. He bought Warrior, Brazilian drilling with old rigs, then Caroil, which made TID debt laden and the slice got smaller. I think the focus on state of the art equipment with

[dbeaude]

Fortunately or unfortunately, Maurel and Prom owns 29% of the shares and Walter Dawson 10%. So a hostile bid is out of the question. These guys will be in control of how much they sell the company for not the buyer. Remember that though the market cap appears to be extremely cheap when compared to Book value of the companies assets, I like to look at enterprise value which is approximately $342

[totid]

M&p and managment beween them have conrolling power. But When Caroil was bought by TID for some cash and shares, I think TId's share was around 1.50,but Dawson got his share as owner and founder and I did not think he bought it from his own pocket in open marlket so he makes money even if TID is sold for 30centes today. But Caroil's former owne will lose money unless ID is sold around

[dbeaude]

Before you post you should do some homework. M&P and Management and Directors own 39% (29% and 10%) of the issued and outstanding shares of the company and DO NOT have control. You and I do as the owners of 61%. It is very good from one perspective that 39 percent of the shares are taken off of the market as it reduces the float by over 100 million shares that reduce supply. Major

[totid]

Hi dbeaud: my comment of M&P and having control power was based on quick cal based on 29% for M&p, also Dawson I seem to rem owning about 34 mill shares that is over 8%.. and I did the rest of arthimetic wrong. I stand correct indeed all managment owns only 10% But question is will M&p sell for less than 1, hotile or friendly, that is below what caroil went for, so beween managmen 10

[dbeaude]

No problem totid. Tuscany was the victim of an extremely underhanded move by HRT to just default on their agreements on their two very high margin heli-rigs. They also got two back from Parex in Trinidad. HRT in my opinion is run by low life management. Tuscany did not receive one notice of non performance before they unilaterally cancelled their agreement and Tuscany had to pay to get these rigs