RE:RE:planJust emailed IIROC (too long on hold for a complaint officer)
From: xxxxxx
Sent: Wednesday, February 05, 2014 8:40 AM
To: 'InvestorInquiries@iiroc.ca'
Subject: Complaint - TID Tuscany International Drilling
I would like to speak with a complaint officer in regards to Tuscany International Drilling (TID).
This member company filed for Chapter 11 / CCAA protection in the USA on Sunday Feb 4, 2014. In December 2013, a registered insider Bruce Moyes; current Vice President of Finance for TID sold approximately 1 million common shares. This sale was proceeded by 2 press releases on Jan 16
th 2014 and Jan 27
th, 2014 and Feb 3, 2014. Each subsequent press releases was of a material event, and the common share price decreased by 71% from the first to third release.
TID only has 3 officers; it seems completely illogical that the entire management and director group not all be in blackout.
I emailed the CEO in regards to this and his response is enclosed.
I look forward to hearing from you.
-----Original Message-----
From: Walter Dawson [
mailto:WDawson@tuscanydrilling.com]
Sent: Tuesday, December 17, 2013 1:28 PM
To: xxxxxx
Subject: I
It is nothing to do with the re-org. Personal decision.
Wish I could tell you more
Sent from my iPhone
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From: xxxxxxx
Sent: Tuesday, December 17, 2013 8:00 AM
To: 'info@tuscanydrilling.com'
Subject: Insider Trading Activity
Mr. Dawson,
As a current and long term shareholder, I am concerned about the recent insider selling in Dec 2013. I have noticed that your CFO Mr. Moyes has been divesting (most recently 152,0000 @ $0.08). Insider selling while the organization continues to restructure may lead an investor to believe that these efforts may prove fruitless – especially when your CFO is reducing his share position.
Can you provide and comment or clarification on these recent transactions?
Regards,
The information contained in this message (including any attachments) is
confidential and privileged in that it is intended solely for the use of the
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you have received this message in error, please reply to the sender and delete or
destroy all copies.