RE:RE:You make no senseStockInvestor16 wrote:
SAFE APPROVAL, one last step for this and 2.20 in the bank.
I think someone hit the nail on the head, SAFE was waiting for the Tax Dispute and will not throw 20 million away
SAFE has nothing to do with this . I'm sure multibillion dollar government agency has no time to waste to look in such a little things as BNK resolving it's dispute with Albanian gov. But Geo definitely was interested. While all of us were speculating Geo was calculating. $37M return is essential. May be more than that. If all expenses BNK wrote off were legitimate it means there not likely to be new disputes about that matter in future. Getting back $37 M of the part of 2011 implied underpayments may transfer into many other millions the company will not have to pay for the other past years and future years, meaning all the books were done right. What I'm trying to say is that it might be not just recovered $37M which is important. Say, if the audit found that BNK overstated capex it would have implications on all other years after 2011. That could be a huge drag. With today's news it's over and I think the win is actually bigger than just return of $37M. It clears all company's accounting and that's not peanuts. With todays release things changed. SP didn't but it doesn't matter . Probably Geo were waiting for this, probably. But that's their game, only them benefit from this announcement in direct way. In indirect way we, shareholders, can benefit from this announcement in the way that there's much less reason to sell our shares now ,sorry Snake. Now in the case of the deal fall through BNK will get $20M and retain $37M. Geo would lose $20M and not get $37M discount to the purchase price. Same $57M. After todays release BNK can much easier go on it's own. Just remember why and when the drop started. Secondly, Geo has much more incentive to pursue the deal now. Most likely it will. That's why I encourage Mr. Snake to short this stock as much as his resources allow . It makes a perfect sense. For somebody to earn there has to be somebody to lose. The market is an equilibrium, the number of shares sold is always equal to the number of shares bought. Short it, man , what are you waiting for ?