Tuscany International Drilling Inc T.TID

QUESTION ON 109 MILLION SHARES

[RiskyBiz39]

Will the 109 million shares be added to TID's ownership %.  Other words will TID have an additional 1/3?  Also It was my understand those shares would not be able to go back to the market. There by reducing the overall float.  Love some help on this if you can

Thanks.  Happy New Year

[perdikaoilgas]

Risky, according to the latest NR, these shares will either be cancelled or be sold one day. Nobody here can tell you more on this thing. Check out my last post.  The company can sell these shares some time in 2014 IF the pps rises enough. The proceeds will be used either to reduce the debt further or acquire the CAMPS that bring ~$10-12 million annual EBITDA. When this happens, the