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Bullboard - Stock Discussion Forum 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... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > Why sell before news of mill?
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Post by SparticusJones on Mar 29, 2017 11:13am

Why sell before news of mill?

I find it strange that people would be selling when the news from the LOI about the United Commodities mill only 10 min from their claim has yet to be released. The LOI said it would take up to 60 days and we are just on that cusp, considering that news release was Feb 21 and with the agreement of the letter dated February 10th. We're on day 48, just a waiting game now, but I'm going to pick up some more at this price!
Comment by mcintma on Mar 29, 2017 11:29am
I agree and thx for reminding. THis is very strange - total collapse is ongoing with no bids of any volume even at such low prices.
Banca I.F.I.S Spa
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