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Purpose Canadian Financial Income Series A T.BNC

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of Canadian Banks (up to 70% on an equal weighted basis) and to a lesser extent Canadian Insurance Companies (up to 30% on an equal weighted basis). portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and CanadianInsurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthlydistributions.


TSX:BNC - Post by User

Comment by Mikepalon Sep 15, 2016 9:08pm
184 Views
Post# 25243078

RE:RE:RE:RE:RE:This could turn out very Bad

RE:RE:RE:RE:RE:This could turn out very Badnearlydone - I know at least 8 other longs that (like me) have invested well into the six figures (at .30 and .40 and even back in the days of 1.50 per share - we have all tried to average down during all the BS PRs and calamity of Adcomm with the belief that min the SP would be .50 if and when sold......it doesn't take an intelligent person to come to the conclusion if there is a second offer - the second offer would not come close to helping so many of us shareholders break even which means so many have lost....put yourself in the next bidder's shoes - if you were the next bidder what would you offer? .18 or .19 or what ? And don't forget the offer has to cover the 2.5 mil that has to be paid to PLI to break the deal. The line in the sand has to be drawn .14 and the BOD sold all us out - I was hoping that Berendt was just posturing to start a bidding war but, if you sit back and think - his contract is up in November anyways as long as he gets his cash -he doesnt' care what is asset is worthless..........let me know if you think I missed something here...
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