The MATERIAL NEWS is coming As I have already posted, the latest news with the amendment and the CRO assignment is NOT the material news TID is working on currently. Dawson has said that there is MATERIAL news pending that will be released soon. This can be an RF, and/or an asset sale or both that will improve further TID's fundamental position.
This is why the sellers at the current ridiculous levels are simply clueless and must never deal with the stock market.
This amendment is TEMPORARY until Maurel's deal is completed by early January 2014.
I quote:
"Tuscany would get $23 million in cash and M&P would assume $50 million in long-term debt and return the 109 million shares of Tuscany paid out for Caroil in 2011.
The sale isn’t expected to close, however, until year-end, necessitating Thursday’s deal which allows Tuscany to make withdrawals from its debt service reserve account until Jan. 2 to pay operating and capital costs".