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Purpose Canadian Financial Income Series A T.BNC

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and CanadianInsurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthlydistributions.


TSX:BNC - Post by User

Comment by dardanion Aug 25, 2016 9:04am
288 Views
Post# 25175198

RE:RE:RE:RE:RE:Insiders are not sold !!!!!!!

RE:RE:RE:RE:RE:Insiders are not sold !!!!!!! The figure that caught my eye was their $22 million per quarter cash burn and that's for a company that trades under $3 bucks. The 603 million shares outstanding shows that PLI survives by financial instruments to keep the doors open. Like any junior it's always if this and if that but they had better start executing commercially on their plans or else if won't be long before they'll have to turn to the capital markets once again. The TST deal was a gift from heaven because the cash and saleable assets gives them at least a quarter or two reprieve from having to face their shareholders with more dilution. As for the talk that the PLI sp will be manipulated up so as to pay less shares to TST shareholders, it is suspicious that they agreed to only use the average of 5 short days before the vote to work out the exercise price.
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