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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by Getinon Nov 27, 2013 12:17pm
179 Views
Post# 21946394

RE:RE:NR coming out soon??

RE:RE:NR coming out soon??
From the Q3 report:

"Under the terms of the Company’s existing credit agreement Tuscany is scheduled to make a $14,875 principal payment on December 15, 2013, which it does not expect to be able to make. Although the Company is anticipating entering into a new credit agreement with its lenders, at September 30, 2013, the Company has classified the full amount of its term loan as a current liability as well as fully amortized the financing fees related to this credit facility."

There has to be a NR before the 15th or we all be holding something that is worthless...

 
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