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

TSX:TID - Post Discussion

Tuscany International Drilling Inc > HRT and Africa, Trinadad sunk this baby. Good Post Gerry
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Post by RiskyBiz39 on Jan 30, 2014 3:57pm

HRT and Africa, Trinadad sunk this baby. Good Post Gerry

All happened at once.  Walter should never had bought into Africa.  Mean time. Im still thinking Credit S will begin a new entity and leave TID in the trash, where it is now.  Credit S can clean all this garbage up, make it tidy and sell. TID will not be involved as they are not now in any financial decisions.  THATS A FACT JACK>> I also still believe there have been early trades on this Forbearence news.  IE--Bruce M....Something a bit fishy.  Who cares?  Good luck, your going to neeed all you can get.  BTW, Has anyone talked to Walter latly?  Bet not. Hes shut down on sharing any info, per Credit S. Go ahead and try getting him on the line..Its all BS
Comment by RHertig on Jan 31, 2014 7:41am
If it goes into US court it doesn't happen that way Risky. The company present a turnaround plan. If the creditors agree the judge usually signs off on it. If the creditors do not then then they present their own plan then the judge decides. There are laws protecting share holder equity. Most get wiped because the companies own far more than the value of their assets. If and that is an If ...more  
Comment by doggonemad on Jan 31, 2014 7:55am
Forbearances are only done when there is a short term liquidity problem.
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