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.

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Purpose Canadian Financial Income Series A > If I was a betting man...

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Comment by mercedesmanon Aug 31, 2016 10:41pm

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Post# 25197905

RE:RE:If I was a betting man...

Foggy soup

I can see that you are still emotionally involved with this stock. You are not thinking logically.

The cat is out of the bag. This company is up for sale based on its remaining assets. Those assets exceed the value of the offer by a considerable margin. The value of the cash alone is almost 14 cents. That excludes the value of 3 very significant assets ( at least two of which are highly resaleable). The company mgt has no mandate left to carry on let alone squander the remaining assets. For those reasons alone this is not going back to 3.5 cents. Let alone go below 14. IMO

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