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

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Post by thedaveOilon Feb 03, 2014 12:39am

Lol tid Worthless after Idjit tried to pump it. TID = O Fact

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Post by onthecaseon Feb 03, 2014 12:22am

Let's not jump to weird conclusions

Okay, one point to put to bed first: the notion that Chapter 11 is horrible or unforeseen. The last PR stated the company's intention to seek Chapter 11 proceedings as their preferred means of ...more

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Comment by sailpgdon Feb 03, 2014 12:00am

RE:RE:Some info on delisting and what it means

Would the cancellation of shareholder equity have been mentioned in the news release or is that still a possibilty? I am perfectly okay with waiting this out until they emerge from restructuring. I ...more

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Comment by JustforFun7on Feb 02, 2014 11:13pm

RE:Some info on delisting and what it means

what about this fact "In the overwhelming majority of cases, the Chapter 11 plan, when confirmed, terminates the shares of the company, rendering shares valueless."

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Post by Fullblaston Feb 02, 2014 10:55pm

Some info on delisting and what it means

You may want to read this. Delisting occurs, in part, because of a loss of confidence among investors and exchange rules. It may just as well be delisted as it won't move at all in value. Once ...more

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Post by JustforFun7on Feb 02, 2014 10:48pm

yup that pretty much says it right there

delisting of common stock means the creditors own the company.

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Comment by khaledbon Feb 02, 2014 10:48pm

RE:TID expects to complete the restructuring during Q2 2014

The new debt is 237 millions (202 + 35). ..... Less assets ... More debt....

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Post by justsomeguytradingon Feb 02, 2014 10:40pm

Bye Bye

This one stung... Ouch

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Post by Fullblaston Feb 02, 2014 10:36pm

TID expects to complete the restructuring during Q2 2014

During the restructuring proceedings the Company expects to continue with its day-to-day operations, and employee obligations and any trade payables incurred after today are expected to be paid or ...more

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Comment by khaledbon Feb 02, 2014 10:29pm

RE:RE:I rolled the dice

Please sailpgd..... I don ' t agree ... if it was the case why Bruce sold all his shares in december he could wait till liquidation .. It's good to be optimistic ...but ..better to ...more

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Post by Fullblaston Feb 02, 2014 10:27pm

News release is out

https://tuscanydrilling.mwnewsroom.com/press-releases/tuscany-international-drilling-inc-announces-comm-tsx-tid-201402030925371001

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Comment by sailpgdon Feb 02, 2014 10:15pm

RE:Is there more than chapter 11 ?

Unfortunately it probably just means TID is working out the delisting with the TSX before the putting out a NR.

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Post by Fullblaston Feb 02, 2014 10:09pm

Is there more than chapter 11 ?

Still no NR on Sunday night, almost 8 hours after TID filed for chapter 11. Could it be that there is more to announce than chapter 11: like disposal of assets, new contracts, anything to calm down ...more

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