Tuscany International Drilling Inc T.TID

Insiders' Black Out - D. WRIGHT (Chairman) bought at ~C$0.6

[perdikaoilgas]

Agree doggonemad. For instance, Donald Wright, TID's Chairman, bought 13 million shares at  ~C$0.60 (average) in 2012.

This is why, it is not rocket science to estimate the acquisition price....But, many retail investors are extremely short-sighted.  TID is the biggest buying opportunity currently.
 
If you also contact TID, they will tell you that the insiders are currently blacked out from buying shares. This black out started when the strategic process was initiated in May 2013.

Here is the excerpt from Canadian insider.com with Wright's purchases:

 

Apr 2/12	Mar 28/12	Wright, Donald Arthur	Indirect Ownership	Common Shares	11 - Acquisition carried out privately	5,348,747	$0.700
Apr 2/12	Mar 26/12	Moyes, Bruce Gordon	Direct Ownership	Common Shares	90 - Change in the nature of ownership	-6,100
Apr 2/12	Mar 26/12	Moyes, Bruce Gordon	Indirect Ownership	Common Shares	90 - Change in the nature of ownership	6,100
Apr 2/12	Mar 26/12	Moyes, Bruce Gordon	Direct Ownership	Common Shares	90 - Change in the nature of ownership	-27,500
Apr 2/12	Mar 26/12	Moyes, Bruce Gordon	Indirect Ownership	Common Shares	90 - Change in the nature of ownership	27,500
Jun 1/12	Feb 29/12	Wright, Donald Arthur	Direct Ownership	Common Shares	11 - Acquisition carried out privately	8,000,000	$0.480

[Benjamin1]

I would think they would want at least a 20% return... that would put the SP at .72

[perdikaoilgas]

He will not lose to say the least.

[doggonemad]

Sent an email to Walter, his response: In blackout. ii cannot any questions regarding the company at this point.  if i say anything it would be considered selective disclosure.   I don't understand this.  Something must be going on.  The M&P transaction is closed.  So the re-structuring is done.  The new credit agreement must be completed or almost completed

[doggonemad]

Selective disclosure is a situation when a publicly traded company discloses material information to a single person, or a limited group of people or investors, as opposed to disclosing the information to all investors at the same time. Material information is roughly defined as information that would cause a reasonable investor to make a buy or sell decision. A problem with selective

[sailpgd]

Do you think this major event is going to be good or bad?

[justsomeguytrading]

Isn't that the $1MM question!

[doggonemad]

have no idea. however, walter has always seemed very upbeat since he took over.  like he had something in mind, and he just was set on doing it. i am quite sure that it involves something with GTE.  A lot of scenerios have been going throug my mind.  Why: - GTE has operations in Colombia, Peru, Brazil and Argentina and are looking to expand in Brazil - GTE needs rigs for their

[ruben12345]

Highly likely transactional, not sure who the partner is... typically when in liquidation one does not speak of a blackout

[rivergreen]

My biggest fear right now is that negative info has leaked out !!

[ruben12345]

we then would be at 0.02