Banca I.F.I.S Spa BNCIF

Financial Services Banks - Global

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

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Banca I.F.I.S Spa > The Long Halt

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Comment by Ciaoon Jun 26, 2017 8:02pm

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Post# 26407556

RE:RE:The Long Halt

Ciao wrote:

frank1971 wrote: The longer the halt ,the better for management ,less for shareholders.Hope that the halt is a short one

I can't see this being a long halt as halts are very negative for shareholders and FCC management would like to see this resolved in days. It wouldn't surprise me if they have been working all weekend on this, I would say halt will end by Wednesday. I would believe that exchange pressured FCC / CSX to halt the stock.

So that was the best CSK management could do for us?

My next guess is that FCC shareholders will realize they got a steal with issuing paper to CSK for .20, there will be an initial balancing of the share price with FCC dropping and CSX moving up a bit over next few days, then company fundamentals will prevail and FCC will continue to move up based on it being the consolidator and its prior momentum after the announcements were made.

Effectively CSK shareholders while disappointed with the share exchange ratio are better off with the new management team.

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