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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by Fullblaston Jan 24, 2014 11:03pm
205 Views
Post# 22133111

RE:RE:10 days

RE:RE:10 days
You know what, my understanding as I keep reading this is that TID has entered an agreement directly with it senior lenders (including CS) to postpone any payment until february 3rd. Any breach of this agreement will may lead to TID filing for chapter 11. That is not the case right now. If TID were to file for chapter 11 or 15, it may have negative consequences for TID's listing on the TSX, if you read tha last paragraph. Does my interpretation make sense ?
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