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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Big Banc Split Corp > 2011 vs 2012 vs 2013

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Post by knowsnothing on Dec 05, 2015 10:42am

2011 vs 2012 vs 2013

Can someone walks me through this please? What was different between 2011 and sunsequent years ? Meaning, do we still expect another audit for 2012/2013 and if such, would a repetition of what happened be applied again? It irritates me to think that if it has happened again then we are screwed.
Also, i believe the albanian government has no merit in disallowing the whole 2011 capex amount, they said it was inflated! If so, and they might have a case, then what is the actual inflated number! My opinion is that they will come into a conclusion of a number close to half of the $57 million and will be resolved in 3 months.
But what about 2012 and 2013, someone enlighten me please.

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Comment by braincloud on Dec 05, 2015 11:21am

There is no difference. The audit by the third party is to clear the air for future arguements and challenges to CAPEX claims. Just have a look at all the bullsheit comments that came out while we were waiting for some news!!! People shat themselves thinking the worst was going to happen. Do yourselve a favour and go to the BNK web site and have a look at the CAPEX page and satisfy yourself that ...more

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Big Banc Split Corp