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

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Comment by khaledbon Feb 03, 2014 6:12pm

RE:Utilisation

TIDE report 480 millions as asset value. Let's imagine all assets will be sold with 40% discount ..after paying the whole debt something like 86 millions will remain for the shareholders. if i ...more

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Discussion

Comment by RHertigon Feb 03, 2014 6:09pm

RE:Insolvent

Read what you just posted. When your property and assets are not enough to pay your debt you are insolvent. When your property and assets are enough to discharge your det but you are having a problem ...more

Discussion

Comment by RHertigon Feb 03, 2014 6:02pm

RE:RE:RE:Assets value?

In chapter 11 the company cannot sell the Heli rigs without the judges permission. If there is an agreement to sell then this is a prepackaged bankruptcy. Even still the judge will have to agree don ...more

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Discussion

Post by OccupyThison Feb 03, 2014 5:47pm

Utilisation

Plenty of conjecture and supposition on this board these days. The overall tone seems to be one of optimism. I don't want to rain on the parade but there a couple large question marks that haven ...more

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Discussion

Comment by pennywyse2on Feb 03, 2014 5:04pm

RE:RE:RE:RE:Insolvent

Well you can call it what you want.To me they're broke and up sh*t creek without a paddle.

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Discussion

Comment by Poppson Feb 03, 2014 4:58pm

RE:Sell me your stock

...meant to type "satisfied", sorry for the fat finger "o's". Popps

Discussion

Post by Poppson Feb 03, 2014 4:55pm

Sell me your stock

I've got a buy order in (tidzf) for 300k at a little over a penny. I look to add more if I'm successful there. I'm a believer in operations, which has always been good with ...more

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Discussion

Comment by Fullblaston Feb 03, 2014 4:31pm

RE:RE:RE:Insolvent

Credit card company will charge you interest. You won't go bankrupt. It's another story if you can't pay your mortgage, then your bank forecloses your house. Unless you can sell other ...more

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Comment by pennywyse2on Feb 03, 2014 4:17pm

RE:RE:Insolvent

I completely disagree. The "traditional view" of insolvency means you cannot meet your obligations as they become due. Lets try an experiment. When your next credit card bill becomes ...more

Discussion

Comment by dogtoobadon Feb 03, 2014 3:55pm

RE:Delisting

it all depends on meeting the requirements of the listing and what is left behind after the blood bath!!

Discussion

Comment by keredzzon Feb 03, 2014 3:27pm

RE:Insolvent

Your splitting hairs with your comment - people that focus on the liquidity issue - although technically a form of insolvancy - do so since that implies there is still net asset value available to the ...more

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Discussion

Post by ttibsenon Feb 03, 2014 3:19pm

Delisting

In spite of all the posts, I am still not clear as to whether delisting is a certainty or whether there is a chance that TID will keep trading once this halt is lifted.

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Discussion

Comment by dogtoobadon Feb 03, 2014 3:07pm

RE:RE:RE:RE:RE:The DIP facility and the Implications

The extra lifeline only can be drawn upon the approval of the restructuring officer and with the consent by the bank. The management have to demonstrate that the use of fund is absolutely necessary ...more

Discussion