RE:RE:down 2%Mozart905 wrote: I can't understand why you think crude down 2% would affect a supposedly done deal. Seems to me that the price of crude is irrelevant at this point in the process
I think the relevance of the crude price to the SP of BNK is precisely because in is not a done deal - the fat lady has yet to sing. Once they've started down this path to sell they are bound to hit bumps in the road, delays, and respond with reassuring words. But it's not over til it's over (Yogi Berra, I think). So there will be a discount on the $2.20 offer. Part of the calculation of that discount is the deal falling apart and BNK continuing as before with there SP tied to the price of oil. Some think that scenario would put BNK's SP up - but they seem to be a minority. -GLTA!