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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

Post by newsimon1707on Aug 29, 2017 11:10pm
188 Views
Post# 26635452

THIS IS A MUST READ BEFORE YOU ACCEPT THE DEAL

THIS IS A MUST READ BEFORE YOU ACCEPT THE DEAL
https://hbr.org/1999/11/stock-or-cash-the-trade-offs-for-buyers-and-sellers-in-mergers-and-acquisitions

take 10 minutes and read this!

What they are basicaly saying, is that someone to offer a share deal like we have, it's because they estimate that their company is overrated and know / feels that they are not giving the real value to the acquired company...  The risk for the acquired company is a drop in the market price of the acquirer, resulting in a drop of the value of each acquired shares...

exactly like we are experiencing!  They also mention different options Bruce could have use to protect our interests, since he's our CEO...!

RIght now, we are at 0,14$! this is what you will be selling for if it stays the same, FCC's SP tanked so much! 

Market isn't believing in the synergy of the group, reality is that the refinery will need around 35 millions to be put in working order... doesn't makes sens!

Market doesn't trust FCC's management right now to succeed... 

CSK would have been easily profitable with the mill that cost peanuts and the stockpiles we would have been permited to proceed... Cobalt is going kaboom and CSK can  produce quickly!

This is a painfull transaction... and I am not sure all shareholder's interest is being taken into consideration.

Good news is, 33% of the float can block this deal... ! let's force them to work a better deal for us!
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