RE:BNN Market callWhile he is not one of my favourite guests, I don't disagree. Another poster on this board gave a heads up to when Lauzon was a guest and he said take the money and invest elsewhere (no confidencen in Chinese deals).
I did some recent buying in case a stronger offer comes in. If not, I have sat on this one for a long time. I can wait for things to improve or another offer. I will take some profit to redistrubute to another play I am interested in.
What I don't like is that this so called buyer can make it look like it did not get the finances arranged and pay the small penalty as opposed to having them accused of walking from the deal if the tax dispute is unfavourable or market condidions worsen. The way it is structured is questionable.
The current discount is a reflection of confidence in the deal. If it goes through I do okay, if not I have brought my average down. BNK is still a great company (albeit lost respect for management).