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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. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Bullboard Posts
Comment by Ahsanon Jun 19, 2012 1:30am
306 Views
Post# 20028513

RE: update from Jennings

RE: update from Jennings

braincloud who are u trying to fool. first u open an account which is so new. already suggests that u are someone else. second u post a report that is already old. jennings themselves say production will be minimal this quarter. I highly doubt bankers will make any progress in Q3 too. anyway the explosions in albania just happened today. jennings did not take that under consideration too.

 

the explosions in my opinion can only create negative reaction in stock price. first bankers lost 1 million in repairs. second do u honestly think that is the end of the chaos there. there is huge risk now that production might even be affected by these riots or protests and who knows what damage next time it will cause. third investigations are now going to be started by Albania Natural Resources Agency. as far as i know whenever investigations start that creates a negative sentiment and an overhang on a stock. fourth what if it is discovered bankers did create those explosions and earth tremors. forget production increases. bankers wont even have Patos-Marinza oilfield. they will be kicked out from the country. albania is a country where corruption is everywhere. even if bankers somehow bribe the officials the villagers will still not let go and they will create problems here and there. fifth bankers did not even report this to shareholders. there was no release whatsoever from bankers petroleum. goes to show what kind of governance and ethics they have. we found out from reuters. bankers should have released before reuters let alone not releasing it. 

good luck holding this. its a shame to see bankers going down this way. but what can u do. this company gets one problem after another. there is no end to it.      

Bullboard Posts