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Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The gro


GREY:BNCIF - Post by User

Comment by goofenoffon May 13, 2015 5:15pm
83 Views
Post# 23725859

RE:Good interview for Big North. Mentions Azure aswell

RE:Good interview for Big North. Mentions Azure aswellSince April 21 (date of article) the SP has dropped another 50% because of forced consolidation. NRT is out of money. He can't pay his own wages right now. They need to raise 2.5M at a minimum for the plant that would add 36M shares plus There are other costs as well. A tough situation to be in. He cut back all expenses and sold equipment. Nothing left. We need a miracle. Can it happen here? Lets hope so. Flinders promise of aquisition was premature and should have never been made public until all due diligence was complete. Immature management must be blamed, but that is no help.
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