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

Energy Oil & Gas Equipment & Services

TSX:TID - Post Discussion

Tuscany International Drilling Inc > Houston we got a problem...
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Post by xsd123 on Jan 31, 2014 2:19pm

Houston we got a problem...

until the earlier of February 3, 2014, or the occurrence of an additional event of default within the meaning of the Forbearance Agreement (the "Forbearance Period").

Does it mean we got an early default?
Comment by Fullblast on Jan 31, 2014 2:31pm
I'm not aware of any new payment due to creditors this week, so I don't see how TID would be in default again. On the other hand, we hear strong rumors about a deal involving the 2 heli-rigs, therefore new cash inflow, therefore payment to creditors. I don't think we will hear anything before market close, so we'll have to wait until Monday to see the impact of that news ...more  
Comment by khaledb on Jan 31, 2014 3:41pm
We will see if it's not chapter 11... They  are playing with our nerfs
Tuscany International Drilling Inc
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