Post by
pennypinchr on Feb 10, 2014 10:42pm
some strategic review....
"The Board of Tuscany announces that it has retained Citigroup Global Markets Inc. ("Citi") and Black Spruce Merchant Capital Corp. ("BSMC") as its financial advisors to consider a range of potential strategic alternatives for the Company with a goal to enhancing shareholder value."
"Walter Dawson, President and CEO of Tuscany, made the following statement: "The Board has been focused on the recent decline in Tuscany's share price, which we do not believe reflects the long-term value of the Company. Therefore, we have taken proactive steps by appointing two well-regarded financial advisors in Citi and BSMC to work alongside us to develop ways to enhance shareholder value.""
text copied from this link:
https://www.marketwatch.com/story/tuscany-international-drilling-inc-announces-hiring-of-financial-advisors-to-conduct-review-of-strategic-alternatives-2013-04-08-9173243
Comment by
Oldfloortrader on Feb 11, 2014 2:10am
makes you wonder what the ASC stands for??? fined him 25k and he continues to screw the public shareholders
Comment by
onthecase on Feb 11, 2014 2:48am
Great catch, pennypinchr, I've added this one to our files. We also have captured emails now from Walter and Matt, sent well after the Citi & Black Spruce review, also after the M&P and heli-rig deals, confirming TID's asset value at well over 300 million.
Comment by
hope2elope on Feb 11, 2014 9:36am
Enhance Shareholder Value....HAAAA! Good one. H2E