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

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Comment by justsomeguytradingon Feb 04, 2014 10:08am

RE:RE:Thanks Pennywise. Yes im thinking they will sell privatly

Just some idle musings on a board with a handful of us left who want vindication for an investment gone bad. About 10 years ago I worked for a company that went bankrupt here in Canada. I was ...more

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Comment by Fullblaston Feb 04, 2014 9:43am

RE:Thanks Pennywise. Yes im thinking they will sell privatly

Don't you think that a judge may say. "Now wait a minute guys, what about the common shareholders who own most of the company ?" I understand that we're not secured lenders, but debt ...more

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Post by RiskyBiz39on Feb 04, 2014 9:32am

Thanks Pennywise. Yes im thinking they will sell privatly

Cant say for sure. I have preached for 9 months a Bank R on this company. The ship sailed when they could not sell their debt and raise bond money. You have the Rapids, the VGs, the other ...more

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Post by Fullblaston Feb 04, 2014 9:24am

Credit bidding and common shareholders

Anyone knows what credit bidding implies for us common shareholders ?

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Comment by RHertigon Feb 04, 2014 8:54am

RE:RE:RE:RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

You may be right. Here is credit bidding explained. https://www.turnaround.org/Publications/Articles.aspx?objectID=7795

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Comment by RHertigon Feb 04, 2014 8:43am

RE:RE:RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

What? I seem to be hearing they need to do a workout and the majority of creditors are freindly to it. CS seizing all their assets is neither a workout or friendly. I cannot see a US judge seizing our ...more

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Comment by RHertigon Feb 04, 2014 8:39am

RE:Are Walter and Wright CROOKS ? I think NO.

It is possible they could have made the payment but it would have taken their funds to zero. This creates a problem because they need multi millions to move their rigs from one country to ...more

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Post by RonJadleron Feb 04, 2014 8:13am

pacer access?

Anyone have access to the us courts web site called pacer? I wonder how much detail is in tids filling. It takes about a week to get an account because they have to snail mail you the account info.

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Post by perdikaoilgason Feb 04, 2014 4:17am

Are Walter and Wright CROOKS ? I think NO.

267 million shares outstanding (excluding the 109 million shares of Maurel). 100 million shares belong to the insiders (Walter, Chairman own 53 million shares ...more

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Comment by onthecaseon Feb 04, 2014 1:21am

RE:RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

To rapid_fire_: That is the question, isn't it? Will there be money? I'm leaning toward yes, for the reasons I've stated in my previous posts and the fact that cancelling & reissuing ...more

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Post by Canoutchieon Feb 04, 2014 12:43am

Where's VeronikaGermany?

I want to thank her for all of her ignominious pumping of this stock late last year. Especially all of the CAP-LOCK INSULTS! Because of this, I took a good hard look at the financials, and SOLD in ...more

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Comment by khaledbon Feb 04, 2014 12:36am

RE:RE:RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

Forgiveness of debt.... Ok but why do you think walter will accept to give it to CS with 0 dollars in his hand??

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Comment by pennywyse2on Feb 04, 2014 12:21am

RE:RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

Seems like we are hearing that CS is going to take the assets in forgiveness of debt, and then put those assets in a private company which will be eventually sold. There was some guy on this board ...more

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Comment by khaledbon Feb 03, 2014 11:10pm

RE:RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

Credit suisse did the same with ATP oil & gaz last year. She was the buyer. Walter didn't stop talking about the blackout....that he is unable to answer our requests and maybe it ...more

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Comment by onthecaseon Feb 03, 2014 10:47pm

RE:RE:Bankruptcy: Tuscany Int’l Drilling seeks sale to lenders

Considering the smooth choreography with which the involved parties have been acting - from the "Early Warning" PR, to the simultaneous granting of an unusually short Forbearance Agreement ...more

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