Big Banc Split Corp T.BNK

I expect financing deadline to be extended

[gibbonsj]

When there is no news on financing it usually means there's a problem. BLD cannot release new info at the meeting without first disseminating it to the public so there is little chance that anything meaningful will come of the meeting. I've seen this play out a few times. Since there is not another buyer in the wings the financing deadline can be pushed out further and purchase price adjusted downward as sp collapses. Another trick is to back out, let sp collapse and then introduce another buyer at a much less price. It would be a disaster for shareholders and that's why its called disaster capitalism.

[1condor]

Wont be necessary as deal is as good as done. Enjoy.

[gibbonsj]

The deal is not done until financing has been secured and outstanding aprovals are received. There are a number of outstanding issues holding sp back.  How long does an affilate of the so called largest O/G company in China need to secure financing. Discussion of this subject has been entirely avoided.

[1condor]

gibbons..holding the SP back? The SP is only 7 percent from the takeover price of 2.20. This is normal. I would be concerned if the stock today was lagging 15 to 20 percent. I expect we will see about 2.10 or 2.11 SP this week.

[MiranII]

This post has been removed in accordance with Community Policy

[PreferGolf]

There seems to be much uncertainty. Stock dipped to $2.01 This is an easy 10% over 4 weeks     What is causing this decrease after 97% voted  a BIG YES

[MiranII]

This post has been removed in accordance with Community Policy

[gibbonsj]

2.20 is a very rich offer. The vote was a no brainer and already baked into sp. Hardly cause for celebration today. The issue of concern is financing.  Still not a word about it, if there were positive developments they would have been released. I think the financing is taking a wait and see what oil prices do along with what OPEC will do in terms of the risk of taking customers away. 

[bmeister2]

No,no and no to your postulations. 2.20 is not a rich offer but some might consider it fair. I don't but voted for it because it is what it is. I think we just voted 97% to approve it so give the company time to get ducks in order as they already indicated late June-early July for closing. Why would some people sell today at 2.03 is beyond me and leave 18 cents on the table to boot!!! for me

[balanda]

they could but is a 20 mil $ game

[braincloud]

Balanda, it's normally considered bad taste to rate your own post. That's reserved for dyckheads

[braincloud]

The discussion isn't for BNK to discuss as its out of their authority to remark on. You don't have a clue as to what yoiu are talking about!