Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > Take out offer.

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Post by maxpayne99 on Dec 04, 2015 5:46pm

Take out offer.

Maybe its time for management to be looking at potential suitors for this company. Not sure if this stunt by the Albanian govt scared them all away. But looking at selling might be a good option if it is for a descent amount. Oil recovery could take longer than some might think. What a mess in this sector.

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Comment by CindySwirl on Dec 04, 2015 6:18pm

IMO the Alb'n Gvt should step in to protect the oil fields and consider nationalizing the asset. These are very uncertain times globally.

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Comment by Shqipe on Dec 04, 2015 6:22pm

Haha some of you people are hilarious. I hope you haven't held your short position over the weekend! Anything can happen over one night. Imagine a weekend. Just look at Kalobios. Take care

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Comment by CindySwirl on Dec 05, 2015 12:20pm

Bankers brought in a lot of foreign capital, did a very good job at proving the horizontal development plan. took years to do, but now that future development has been de-risked, this could be run by the govt. stranger things have happend. everyone is greedy, even foreign govt needing money have done sketchy things. belive it or not.This is either a canary in a coal mine, or a one off " ...more

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Big Banc Split Corp