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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

TSX:BNK - Post Discussion

Big Banc Split Corp > Done deal approved
View:
Post by balanda on May 17, 2016 9:51am

Done deal approved

The deal is almost approved yesterday at 8pm: 64.6% of shareholders already vote FOR. Not sure but I think they need 65%..My fiend is in charge..
Comment by uograd on May 17, 2016 12:34pm
It is not based on the number of shares voted, it is based on the postive or negative votes of the shares recieved. If your friend is in charge and he does not know that, that would be quite surprising. Perhaps you are exaggerating your connections just a wee bit.
Comment by balanda on May 17, 2016 4:00pm
No exaggeration he is just counting,by today 68.7% from voters was FOR .. this is the number that he provide ..he told me that they need 65% I assume is 65 for and 35 against .. the idea is that everybody is happy at BNK if the deal will be done is perfect (for management and for some of shareholders ) if not still OK 20 mil will come in there pocket for free.
Comment by uograd on May 17, 2016 5:38pm
No chance that 35% of the share count is against this deal and if your phantom friend does exist he had better higher a good lawyer as he is providing extremely classified information and material information. What he may be telling you, if he exists, is that they have recieved voting instructions from 68.7 of the voters which would be about 150 million shares.
Comment by BullishBaytix on May 18, 2016 7:23am
Interesting..... Insider information.. Isnt that illegal? Hes sharing voting results with you, is the information public?
Comment by dubsbs on May 18, 2016 7:28am
He got mixed up with the sing off voting results on the voice......
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