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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

TSX:TID - Post Discussion

Tuscany International Drilling Inc > Wikopedia on chapter 11
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Post by noble13 on Jan 25, 2014 1:00pm

Wikopedia on chapter 11

If a company is successful in chapter 11, it will typically be expected to continue operating in an efficient manner with its newly structured debt. If it is not successful, then it will file for chapter 7 and liquidate. In both instances, common shareholders will most likely see little (if any) return on their investments.
Comment by Popps on Jan 25, 2014 1:30pm
true, noble, and considering the value of the assets, business demand in South America, and balance sheet cleanup, it SHOULD go under if not operated efficiently under newly structured debt.  Besides, current common stock price just about meets most peoples' definition of "little or no return on investments".   We shall see.
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