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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by pennywyse2on May 20, 2014 12:08pm
256 Views
Post# 22578115

RE:Developments

RE:DevelopmentsThanks for the heads up. I have skimmed through the 500+ pages of docket 368 and learned that 

1) Credit Suisse now has partners, other financial institutions (existing syndicate lenders?) and hedge funds.
2) FTI Canada has been appointed to wind up old Holdco, the company we own shares in.
3) There is a new Term Loan Agreement to reflect the change in the composition of the partnership.

This still seems to leave the existing shareholders out in the cold and other than maybe giving  us more entities to sue in a class action, I don't see that it helps us.

Am I missing something?
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