Q&A Session Couple Comments from recent Q&A with CFO: Recent= June 2013, T=thought
Q: Worst case scenario for utilization
A: 2012 numbers, or around 80%-85%
T: Looks like really slipped in 2012 and plan to be stronger in future
Q:Brazil utilization
A: 44% currently, should be around 74% in Q4
T: Brazil is problem child, but only makes up around 16% of Total Revenue
Q: Other utilization
A: Ecuador=100%, Colombia=85%, will be 100% by July, Africa=79%, will be 90% by Q3
T: E,C,A combined make up about 78% Total Revenue, so looking good here
Q: Progress on refinancing, going concern, bankruptcy
A: Refinancing progress has lowered going concern issues a little. Will be able to avoid bankruptcy
A: Refinancing efforts and strategic options will be factors that move Tuscany forward
T: Sounds like TID is really looking at refinancing and strategy alternatives and given CEO's past experience I think it should not be overly difficult.