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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Post by pennywyse2on Feb 03, 2014 2:15pm
183 Views
Post# 22166693

Insolvent

InsolventPeople keep making the incorrect statement that TID is not insolvent it just has a "liquidity problem"

Definition of Insolvency as per Wests Encyclopedia of American Law, edition 2.

Insolvency: An incapacity to pay debts upon the day when they become due in the ordinary course of business:the condition of an individual whose property and assets are insufficient to discharge the person's debts.

Thus insolvency equals a liquidity problem.Stop contradicting yourselves in the same sentence.

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