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

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Comment by khaledbon Feb 03, 2014 11:14am

RE:Expedited Delisting Review

The best for shareholders is to sell the company or all assets individually as soon as possible to avoid assets value decrease. TID is losing money and increasing the debt with 35 millions will not ...more

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Post by pennywyse2on Feb 03, 2014 10:53am

Expedited Delisting Review

TMX announces that the ongoing delisting review is being expedited and until concluded shares are suspended from trading. Maybe there will be a small dividend payment to shareholders upon final ...more

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Comment by pennywyse2on Feb 03, 2014 10:45am

RE:RE:RE:RE:Company for sale

I think that's probably realistic. If your cost basis is 10 cents or below you might come out OK. Above that you're going to take a loss.

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Comment by khaledbon Feb 03, 2014 10:29am

RE:RE:RE:Company for sale

i'm pessimistic with what will happen ...but i hope at least they will cancel these 109 millions M&P shares ... we will have 266 millions shares ... if we can get 10% of the total assets ...more

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Comment by pennywyse2on Feb 03, 2014 10:21am

RE:RE:Company for sale

Dream on. It's (correction was) your money.

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Comment by Fullblaston Feb 03, 2014 9:37am

RE:Company for sale

Penny, it's not liquidation. It means that they may be looking for a buyer, partnership or sales of some assets, like the heli-rigs.

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Comment by sailpgdon Feb 03, 2014 9:14am

RE:TMX announced TID stock suspension immediately

I am too. I would love to stick this stock on the shelf for a few months and not have to worry about it until they emerge from restructuring. What is the time frame for the bankruptcy case being heard ...more

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Post by pennywyse2on Feb 03, 2014 9:13am

Company for sale

Quote "The Support Agreement contemplates a bidding and marketing process to seek strategic altenatives that in accordance with bid procedures to be approved by the US Court is intended to ...more

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Post by Fullblaston Feb 03, 2014 9:02am

TMX announced TID stock suspension immediately

Somehow I'm relieved

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Post by Fullblaston Feb 03, 2014 8:42am

TID no longer halted this morning

I'm surprised... can it be traded ?

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Comment by khaledbon Feb 03, 2014 8:31am

RE:From $205 to $202 million

1) Walter know nothing ... he just wasn't able to sell or contract these rigs. Debt...what a huge drop from 205 to 203 .. are you serious.??? 2) withdraw as little as possible???? ... No ...more

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Comment by Fullblaston Feb 03, 2014 7:39am

RE:Let's not jump to weird conclusions

Very well said indeed Onthecase

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Post by perdikaoilgason Feb 03, 2014 5:59am

From $205 to $202 million

1) I know we all expected better news. However it seems that TID still believes can find customers for both the heli-rigs and does not seem willing to sell them. Walter might know something that we do ...more

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