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Bullboard - Stock Discussion Forum 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... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > no shares traded
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Post by bossman on Jul 21, 2014 1:18pm

no shares traded

The Red chip interview Spiros just seemed to talk about the different types of graphite and mentioning El Tejon will take time and money. Why is it so hard for him to say how much is stockpiled and how much time and money is needed. ? I understand time and money is needed but give a time line with the cost of getting El Tejon running.
Comment by Jon071muchomai on Jul 21, 2014 1:25pm
This post has been removed in accordance with Community Policy
Comment by Favored on Jul 21, 2014 3:16pm
Yes, this video was underwhelming. If I was new to Big North, I'd say that it sounded like a good business plan.  However, the fact that this is substantially the same exact info as any Spiro video I've seen in recent history makes it feel like very little has progressed.  Maybe I'm being impatient. I realize it may take a while to get offtakes, but where are we, as ...more  
Comment by TheCardinal on Jul 21, 2014 3:52pm
I think Spiros is quickly starting to realise just how far in over his head he really is here.  I'm sure he has an "exit strategy" for himself, though, and equally sure it doesn't include anyone but himself.
Comment by ozhole on Jul 21, 2014 11:18pm
does Spiros speak with forked tongue or just a useless tit.
Comment by frewil1 on Jul 22, 2014 9:27am
I'm fairly sure there going to need money anyday now, they have to pay  salaries .
Comment by bossman on Jul 22, 2014 10:03am
Maybe they will surprise investors with a off- take deal in the nick of time. Right before they sneak some shares for themselves.
Comment by avispa on Jul 22, 2014 4:16pm
"I'm fairly sure there going to need money anyday now, they have to pay salaries ." THAT IS QUITE CORRECT. THEY HAVE $300,000 IN THE BANK AND OWE $250.000 IN SHORT-TERM DEBT . . . OBVIOUSLY $50,000 DOESN'T EVEN PAY THE CEO . . . STH HAS TO HAPPEN . . .
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