Tuscany International Drilling Inc T.TID

Halted now confirmed

[jakethesnake2]

Here it is folks straight from the TMX website, hopefully we have good news that will stabilize the SP and start an uptrend again:

IIROC Trading Halt - TID

TORONTO, Jan. 24, 2014 /CNW/ - The following issues have been halted by IIROC:

Company: Tuscany International Drilling

TSX Symbol: TID

Reason: Pending News

Halt Time (ET): 8:11

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. 

SOURCE Investment Industry Regulatory Organization of Canada (IIROC)

For further information:

IIROC Inquiries 1-877-442-4322 (Option 2) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

[dominik123]

Now to see if I will be slitting my wrists or jumping for joy..  time to spike my morning coffee with something.

[khaledb]

Let's pray it's not bad news ... if it is ..that means  CIBC has the information 2 days ago that's why they were selling .... and we are in selective disclosure case.

[khaledb]

or may be it's the cancellation of the 109 millions share (M&P deal)

[michelleb33]

</bri really worried here. cibc knew something and that's why they sold everything. now we are so far down we cant even sell to get back a little. i hope its something great but the selling last 3 days says it all>

[RHertig]

 If someone sold off on news not yet released isn't that illegal? It would suck to find out they lost the HRT case or some other piece of bad news.

[JustforFun7]

Please ....this sort of stuff happens all  the time. To think people don't sell  or buy on inisder info is naive. JFF7

[michelleb33]

d th news be to affect the share price LOL we are sitting at 5 cents now. Tuscany is just another comapnt that disapointed investors. I have had many. Doesnt Tuscany have lots of assets not to ge BK

[JustforFun7]

I was actually hoping to get some more TID at these prices today. Sort of sorry to see the trade halt. I am either going to miss out on some opportunity or be glad I had a chance to pull my order.  JFF7

[ruben12345]

sharp analysis

[Fullblast]

Have another coffee Michelle.

[StompinTom]

Just to pour on the speculation.  Isn't a debt payment just a normal course of business transaction?  If we are celebrating that, we are in trouble.  Feels like another rig sale or an announcement of some rigs being contracted out.  That said, I have been a proud shareholder for all of 3 days so what do I know.

[sailpgd]

And why halt the stock for over two hours? Can we read into this at all? 

[dominik123]

Might be HRT case, if a ruling happened yesterday they might still be putting together the PR. And as a precaution halted trading as news often leaks on South American exchanges. Isn't TID also listed in Columbia?    I owned some shares in Petrominerales and they went nuts for a few hours before the as someone leaked the buyout on the Columbian exchange.

[Fullblast]

Sailpgd, I suspect that they are working on the PR as we speak. Meanwhile, they halted trading to stop further deterioration of the SP.

[rivergreen]

I thought they won the HRT case, but it was now in arbitration ?? 

[Fullblast]

The SP is on a steep downward trend, any news that will reassured investors will be issued. If the payment of a chunk of debt does the job, so be it. People need some good news, some sense that the company is operating normally and improving.

[dominik123]

The last few press releases since the M&P deal have been positive (or at least neutral). Hoping the trend continues. And exactly how many positive PR's do they need before the stock starts going up? I guess climbing up a mountain takes longer than falling down off a cliff.

[JustforFun7]

"I guess climbing up a mountain takes longer than falling down off a cliff." LOL, I like that. Very apropos.  JFF7

[JustforFun7]

Exactly....some event that may not have been normally something enough to justify a news release would be used as an opportunity for the company to issue a comment on the falling share price (typically, that they know of no reason  for the recent market action and something along the lines and that the company is going to make progress on whatever they were working on). That would be what I