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Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

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Banca I.F.I.S Spa > 21

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Post by Goldfather on Apr 07, 2017 11:26am

21

Wow..... 21 cents ! After hitting .45US. And
all the good hype they pay for. Cobalt hits five year
hi.... huge Cobalt supply demand. And they
drop to .21. Geez ...... yes a great buy opp,
but , gosh, don't really know.

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Comment by SparticusJones on Apr 07, 2017 11:33am

Yeah, I have 100K shares at .26.....my best guess is short sellers based on the road blocks that keep getting put up when it starts to take a bit of a run. That or outstanding shares valued at "X" amount being issued.

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Comment by moneyman213 on Apr 10, 2017 5:35pm

Your going to dump your 100k shares on the market? Ohhhh no.. From mister hype to mister run away! Market will be fine we are in the middle of a Cobalt BOOM and you have said many many many times that these properties have the goods. Stop worrying and go take us some more pictures.

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Comment by SparticusJones on Apr 10, 2017 5:40pm

Lol @Moneyman thanks man, I was having a 16 year old girl moment. I still believe and know that CSk is sitting on some of if not the best ground in the area. I'll get us all more pictures this weekend. I'm in it for the long run!!

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Comment by moneyman213 on Apr 10, 2017 5:49pm

Thats our resident pumper!! At the end of the day these things happen.. and whatever the cause will come out in the wash and will set it straight. There are alot of companies out there that something like this would have stiffled the company and made it redundant. This was only one function of this story and it still hasn't gone away. The reaction from the company on how it ...more

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Comment by Blahblahblahbla on Apr 10, 2017 6:40pm

Like any good story there are set backs but I feel we have a good team steering CSK. I believe they had a contingency plan as would any business venture. I was aware that something like this event could happen: part of any risk assessment and DD. Playing the markets is fun and exciting. Just don't bet the farm.

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Comment by Goldfather on Apr 10, 2017 7:21pm

Not really that surprised. Foreign Swiss owner had big debts. Sure it was all money. Someone else came in. Probably had big tax Leins on the property. Wonder who got it ? And a LOI isn't very binding at all. EAsy to get out. ... could be a great buy opp tomorrow. // mgmt would be wise to issue a calming PR tomorrow saying the Cobalt opps are still wonderful and the Co ...more

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Comment by Blahblahblahbla on Apr 10, 2017 5:40pm

Well said moneyman LOL!!!

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Comment by Blahblahblahbla on Apr 07, 2017 1:31pm

A lot of great stories have the tendency of getting ahead of it self and CSK is no different. It seems to have good support at the low 20's nonetheless. I like this story because the rewards outweigh the risk. And,In saying that one may consider setting up a stop lost if you feel any doubts.

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