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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Bullboard Posts
Comment by geomeanon Jan 14, 2005 10:15am
282 Views
Post# 8431447

RE: Albania Retained a 70% interest of current?

RE: Albania Retained a 70% interest of current?Then divide 4600 BOED x @$10 netback by 300,000,000 fully diluted shares then times 365 days = .05 CF less rapid cap ex reinvestment for CHOP technology, say generously .04 EBITDAX/sh * 7=$0.28, now selling well above that, then add all the risks they won't reach and can't sustain the production goals. Very interesting resource, but overvalued. As Cool highlighted here, it really smells that the $2M stranded China asset/250MM share value of $0.008 has been engineered to raising $7MM/30 MM shares plus 15MM warrants, or @$.23 per share. Way too much blue sky and risk at these prices. I'm done on further DD on this one until I can look at it @0.10 per share or less.
Bullboard Posts