Tuscany International Drilling Inc T.TID

The Big Update

[onthecase]

This morning, we approach thirty million shares under control, and an army of 100 shareholders. The past few days have been incredibly busy, and we have taken the big steps which were our goal so far. Here is the big news:

We completed a process in which a small investigatory committee screened potential legal counsel and presented findings to a review committee. After corresponding for a few days with the firms which made the short list, we came to consensus yesterday morning regarding a firm with which to move forward.

A financial analyst was contacted by the law firm and asked to independently analyze TID’s finances, then render an opinion as to whether the law firm should participate. It is based upon their findings that the law firm was willing to jump the fence (they usually represent creditors) and is eager to participate in opposing the creditor here with their vast knowledge of the enemy camp. Also based upon the strength of these findings, the financial analyst has also contacted us with an interest in working on our side of the case.

In other news, the first of Value Digger’s two articles regarding this matter was picked up for syndication by Seeking Alpha a couple hours ago. They are, in fact, running it as an Editor’s Pick on both their premium and standard platforms, so the circulation will be immense.

Thank you to those who have emailed to keep me updated about the calls and letters you are receiving from the IIROC and other regulators. It’s good to know that this is being investigated by the proper authorities, who seem quite keen and thorough so far. They’re certainly acting quickly to address what was done.

An IT professional has created a secret, secure platform for us with one of the major social media companies. This will allow more secure communication among us, as well as increasing the speed with which we can process and respond to information. In short, it will let everyone keep up more efficiently and allow all voices to be heard. I can’t stress what a boon that will be - it is through the independent actions and strengths of all of our members that we have been moving mountains. It pains me every time I must spend effort wading around an inefficient platform rather than responding to emails or handling actual matters of substance. So this was a big priority for us. We will begin migration to this platform in the next few days: details to follow.

I hope this progress justifies the faith and efforts which we have all put forward. Again, this has been brought about by a hundred separate contributions. Thank you all.

[Oldfloortrader]

THANK YOU.  As an aside ,altough reported to Canadian authorities, does the SEC have any say???