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

Alternate Symbol(s): T.BNK.P.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 > For the record

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Post by braincloud on Sep 05, 2016 3:55pm

For the record

I probably own more BNK than most of you combined! I'm not encouraging shorting the stock . I don't give a flying sheit if you short or go long the stock . I'm only being practical . If oil has a big rally the most you will get on BNK is the buyout price. If you are happy with that then great. I still have a very large position that I will tender . That said , like I've already stated that I own a couple of other oil names ..... Just in case. All you slugs out there only appeared on the screen after the name dropped . Unfortunate that I already owned it and will be down even after the tender. I'm OK with that because that's the way it goes . It could have been much worse if I'd have owned any number of other stocks in this space. So give me a break already! If you don't like what I post just put me on ignore

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