RE:RE:RE:RE:RE:Insiders' Black Out - D. WRIGHT (Chairman) bought at ~C$0.6have no idea.
however, walter has always seemed very upbeat since he took over. like he had something in mind, and he just was set on doing it.
i am quite sure that it involves something with GTE. A lot of scenerios have been going throug my mind. Why:
- GTE has operations in Colombia, Peru, Brazil and Argentina and are looking to expand in Brazil
- GTE needs rigs for their business
- TID has the rigs
- GTE is full of cash
- TID needs cash
So the latest scenario going through my mind:
- 109MM shares in trust right now will be sold to GTE
- TID will use the proceeds to lower the debt
- GTE and TID will become partners
- In Brazil, Colombia and Argentina, TID will commit all their fleet to GTE
- Ecuador will remain as is
Account receivable risk exposure, and contract termination exposure will be almost nil.
Anyone have any ideas?