Tuscany International Drilling Inc T.TID

State of mind

[Fullblast]

Funny how whenever the SP goes south the most pessimistic views are expressed here. It's penny stock territory people. Just fasten your seatbelt. I also fully agree wit doggonemad. I like your analysis. I think you're right on. I also think that we won't have to wait until March to hear from management.

[RHertig]

 If someone is planning to buy this company out wouldn't it make sense that they buy several million shares at this price? I think you can purchase up to 10% with out regulatory problems.

[Popps]

RHertig, sounds logical, but as soon as a few million shares were bought open market, chasing the bids up, the price on this little guy would jump significantly....... say to $0.50 for example, so the suitor would have to negotiate from that level rather than from the  < $0.10 today.  Regards,  Popps

[doggonemad]

You are right.  These people have a hard time understanding that you can't just buy 10MM shares at these levels.  As mentioned you will be chasing the bids and not have any control of the ceiling price.  On top of that if you started buying that amount in the open market, people will take note, and push the bids even higher. And the ceiling price will be the new negotiating

[sailpgd]

Anyone that thinks the company is on the verge of liquidation has either not seen the sale of the rigs in Colombia and Africa, read the transcript of the latest conference call, or has not determined the latest valuations. Tuscany will make their payment to CS on Friday without a problem. I hope the news of this payment will finally create a floor in the SP.