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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

TSX:TID - Post Discussion

Tuscany International Drilling Inc > About 49% of Tuscany's shares are already being he
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Post by khaledb on May 24, 2013 10:15am

About 49% of Tuscany's shares are already being he

Source : https://agoracom.com/ir/Tuscany/forums/discussion/topics/547548-price-of-tid-shares/messages/1725174#message

about 49% of Tuscany's shares are already being held by long term share holders that's why not a lot of ASKs

Positive things to look at going forward:
1) Donald Arthur Wright one of the directors has purchased 11,000,000 shares over the last couple of months, 8,000,000 for 0.48 cents and 5,348,747 of 0.70 cents, which shows that he is a strong believer that the company will be a success.
2) The management team owns 10% of the shares in Tuscany International Drilling so they have skin in the game and believe in the company and they are holding these shares.
3) Maurel & Prom own 29% of the shares in Tuscany International Drilling and they are long term shareholders.
Comment by RHertig on May 24, 2013 10:29am
From the September date of that article it has been 8 to 10 months ago that he bought those shares. I wonder if he is still buying here with the deterioration of the balance sheet.
Comment by ssigma on May 24, 2013 10:34am
  Apr 4/13 Apr 4/13 Dawson, Walter Alfred Indirect Ownership Common Shares 10 - Acquisition in the public market 636,000 $0.108 Apr 3/13 Apr 3/13 Dawson, Walter Alfred Indirect Ownership Common Shares 10 - Acquisition in the public market 381,000 $0.108 Apr 4/13 Apr 2/13  ...more  
Comment by veronikagermany on May 24, 2013 11:39am
khaled, good post. Just to correct the  insiders  ownership. The insiders  owned  ~15%   last  summer. They  have  added  since  then,  primarily   the  CEO,   and  they own   ~20%   currently.    Add   M&P  (~30%),  you  get  ~50%.
Comment by camper244 on May 24, 2013 11:40am
THANKS VERON FOR CLEARING THAT UP!!!   50% INSIDER OWNED IS REALLY GREAT!! I SEE A BOUNCE BACK TO .25 FROM HERE ANY INPUTS
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