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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 > Any update on the letter to the judge? and auction..?
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Post by RonJadler on Feb 04, 2014 8:57pm

Any update on the letter to the judge? and auction..?

Anyupdate to the letter to te judge.. was it sent.. can I see?

Also, will there be an auction?
Helkaa declaration paragraph 32 says that they anticipate selling the assets through a TBD bidding procedure.  Sounds like a firesale approach - it is BS and calculated to reduced the results and the recovery from the sale.  Needs to be orderly and calculated to drive a reasonably good result for the debtors AND the shareholders.
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