Dawson is discipline old school mentality So much negativity. Well it is easy to lose patience if you have been sitting on low share prices for a year. But remember when they started the strategic review in april, they did announce:
The Board has been focused on the recent decline in Tuscany’s share price, which we do not believe reflects the long-term value of the Company. Therefore, we have taken proactive steps by appointing two well-regarded financial advisors in Citi and BSMC to work alongside us to develop ways to enhance shareholder value.”
And they did cancel the offering of senior notes last December:
While Tuscany had hoped to opportunistically access the debt capital markets to refinance its existing credit facilities, market indicators suggested the anticipated size of the offering and its associated cost of capital would not be in the best interests of Tuscany's shareholders. The terms of Tuscany's existing credit facilities remain appropriate for the company's present operations and Tuscany will remain disciplined in the consideration of any refinancing alternatives that may arise in the future.