RE:Houston we got a problem...I'm not aware of any new payment due to creditors this week, so I don't see how TID would be in default again.
On the other hand, we hear strong rumors about a deal involving the 2 heli-rigs, therefore new cash inflow, therefore payment to creditors.
I don't think we will hear anything before market close, so we'll have to wait until Monday to see the impact of that news, whatever it is.