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

Energy Oil & Gas Equipment & Services

TSX:TID - Post Discussion

Tuscany International Drilling Inc > GABON VAT is OUT !!!!
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Post by veronikagermany on Nov 14, 2013 10:06am

GABON VAT is OUT !!!!

after this sale, TID gets rid of the A/R  GABON VAT  too !!!

So:

-  260 million  shares  now.

-  160  million  long  term  debt !

-  26   rigs  which  is  72%  of  its  former  fleet.

-  ZERO   A/R   non-collectible   now that   GABON VAT  issue  is  over.

-  HRT  lawsuit  case  can inject  minimum  $10  million  in  TID.

-  NEW   REFINANCING is a  sure  thing  according  to  the  company !
Comment by Popps on Nov 14, 2013 3:25pm
Great summary.......Couldn't agree more.   Whatever spooked the flock after the news allowed me to pick off 50k shares at a nice discount.  Regards
Tuscany International Drilling Inc
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