GABON VAT is OUT !!!!after this sale, TID gets rid of the A/R GABON VAT too !!!
So:
- 260 million shares now.
- 160 million long term debt !
- 26 rigs which is 72% of its former fleet.
- ZERO A/R non-collectible now that GABON VAT issue is over.
- HRT lawsuit case can inject minimum $10 million in TID.
- NEW REFINANCING is a sure thing according to the company !