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

TSX:TID - Post Discussion

Tuscany International Drilling Inc > $1,000 is on the way to fund retainer fee, Sic 'em, Landis
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Post by Popps on Feb 14, 2014 5:16pm

$1,000 is on the way to fund retainer fee, Sic 'em, Landis

As soon as I finish typing this, I will transfer $1,000 to the fund to retain the (fantastic, google them) law firm for our cause.   As thirteenth largest holder on  OUR  list, I feel obligated to support the effort for  LESS THAN  $0.0018  PER  SHARE, less that two tenths of a cent !  Consider this a challenge to  EVERYONE  on the list, match that figure and we'll be good to go, any excess will be refunded pro-rated according to contribution.   WHY  AM  I  SO  CONFIDENT ?  I  e-mailed  the  law  firm  and got a timely response (attached below), only because  I  trust  NO_ONE.   The response from Mr. Landis provides what I need to send credit card data to the secure location.   Again, I challenge all to consider what this miniscual amount means relative to your investment.   OK, I'm done cheerleading, here's the e-mail response from the Law Firm we will employ with your contributions:

  
Me Hello, as a common stockholder in the subject company, I am inclined to contribute toward the $15,000 retainer you require. However, before I send a thousand dollars and my credit card info to someone...............................
Today at 9:45 AM
Adam Landis
To Mejason_pageau@yahoo.com
Today at 11:02 AM
Thank you, XXXXXXXXXXXXXXXX, for getting in touch.
 
I can confirm that I have been contacted by certain shareholders of Tuscany.  These shareholders are in the process of forming an "Ad Hoc Committee of Shareholders" whose mission will be to try to have an "Official Committee of Shareholders" appointed in the Bankruptcy Case.  I have been asked and have agreed to represent the Ad Hoc Committee in connection with its efforts to have an Official Committee appointed.  I understand that the shareholders who are spearheading these efforts are seeking to raise $15,000, which will be paid to my firm as a retainer in support the efforts to have an Official Committee appointed. 
 
It is important to note that it is the Official Committee, once (and if) appointed, that would represent the interests of all the shareholders generally in the case.  If/when an Official Committee is appointed, I would seek to represent it in its capacity as representative of all shareholders' interests.  If an Official Committee is appointed, the Company (Tuscany) would be responsible for payment of the reasonable fees and expenses of its counsel, subject to Court approval and as otherwise provided for in the Bankruptcy Code. 
 
I hope this confirmation and clarification answers your questions.  I've cc'd Jason Pageau on this email, as he is spearheading the efforts to form the Ad Hoc Committee that will retain me for the purpose of trying to get an Official Committee appointed.  Jason has offered to answer any additional questions you might have about the Ad Hoc Committee and its efforts to have an Official Committee appointed to represent the interests of shareholders generally.
 
Best regards,
 
AGL
 
 
Comment by Fullblast on Feb 14, 2014 5:41pm
Popps, on behalf of all shareholders, we thank you ! It was also a great idea to get in touch with Landis. They are working hard for all of us.
Comment by khaledb on Feb 14, 2014 6:15pm
You make me feel ashmed POPPS.... really thank you. 
Comment by justsomeguytrading on Feb 14, 2014 6:29pm
This is about us coming together as individuals to help the group - the act of contribution is where the value lies khaledb.  There is no shame in that.  If I was able, I would pay the fee myself. It is fantastic that some of us have different capacities to help.  Working together we will be successful.  We are all gratelful that folks who can contribute do.  It is ...more  
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