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

TSX:TID - Post Discussion

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Post by InternalA on Nov 15, 2013 8:55am

Delisting

Ongoing review by the Toronto Stock Exchange, definitely not a good sign for the future
Comment by Fullblast on Nov 15, 2013 9:03am
Internal, listing reviews are standard procedure following a somewhat major restructuring. TMX has to make sure TID still meets the requirements to be listed. This has been analysed, I'm sure, throuhout the strategic review, to make sure that TID meets the requirements. TMX has to do its job. The goal of the strategic review is to increase share value, not to be delisted and strategic ...more  
Comment by InternalA on Nov 15, 2013 9:08am
was hopeful of that. haven't had shares in a company that had such a restructuring before. thanks for the correction
Comment by Fullblast on Nov 15, 2013 9:23am
And if there is a requirement problem, TID has 120 days to meet the requirements which bring us at the beginning of Q2 2014. A lot can happen by then. Remember that delisting happens to companies that are so troubled that bankruptcy is almost certain. The last time I checked, institutional investors were still onboard.
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