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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by pennywyse2on Jan 28, 2014 3:19pm
154 Views
Post# 22143787

RE:RE:Repost from SA post regarding Cash/Debt position

RE:RE:Repost from SA post regarding Cash/Debt positionKhaledb, You might have some clarity by Feb 3, but I doubt it. If they file for bankruptcy protection (Having raised the possibiliity in a Press Release I can't imagine they are not going to) then it will likely be several months before a Plan of Arrangement is tabled for the creditors to vote on. At that point you might be able to see the impact on the common shareholders.

Until then the shares are going to trade for a penny or two. Volume will likely dry up in a couple of days.

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