Banca I.F.I.S Spa BNCIF

The CEO of FCC said on TV they played CSK shareholders!

[newsimon1707]

Go at around 1:45 of the BNN interview...  he said CSK shareholders will get 10-11% of the future company...  the supposed price they paid for us give us 20% normaly...

he then project a future market cap of 120 million for the new entity when it starts to trade again...!!!

that gives us 12 million for CSK...  now divide that by 85 million OS shares...  gives us a 0,14$ value per shares!!  We are trading at what price right now folks??  You now know why!!

Now, do you agree that this offer is bogus!! 

I can't wait to see what you all have to say to defend this deal!

[Teatimenow]

Lot of things we don`t know in this interview. Is he speaking FD or Basic, CAn or US $ and so on. However basically we know the exchange ratio and CSKs price implies FCC once trading again, is dropping back to 0.55$ which was the price before the market knew about this transformative transaction planned with Cobalt1 and CSK. then FCC went up under record volume(highest ever) to 0.76 where it

[newsimon1707]

You summarize the number pretty clearly!  Truth is, the 0,20$ per share is bogus and is amplify...  the CEO proved it on his interview and said it out loud for everybody to hear...  CSK will only represent 10% of the new entity....  which is way under what we should be based on numbers... as for the volume... if you have been watching FCC trade, you would remember that the

[dothemathpeople]

You are lost with your idiotic assumptions and pulled from your butt values...CSK is STILL overpriced, the group at FCC did your pathetic company a favour when they came calling...in fact, I think it was probably the other way around, CSK more likely called FCC begging for an invite to the dance...and FCC threw them a bone.  I think FCC could have allocated that money and effort better

[newsimon1707]

You've always been around bashing CSK for what reason! You are like all the other bashers...  every normal person doesn't lose his precious time to post negative comments on a company they don't even own! get lost!  So far, nobody deconstructed my numbers....  so Bruce played us...  unless proven otherwise!

[dothemathpeople]

Yes, well i like to educate myself in the space before investing...and the CSK has never had the value that many think it does. And now that has born itself out.  If you could, for just  a moment, open your ears and mind to gentle contemplation of some of the things i have said, you might find the truth, some facts, and logic in them...or keep your blinders on and wonder why...

[newsimon1707]

I don't care what you think about CSK... but if someone tells me I buy your company for 17 million $... here are shares in exchange for the same 17 million $ value I am buying you out, I expect to have 17 million $ worth of shares the first day it trades... not 13,2 million! Also, I assume that if their company has a  3,8 market cap compare to mine (Cobalt one) I expect that they will

[Haulta1n]

If we're at $0.14 then FCC should open at $0.14/.2632 = $0.56 right?

[newsimon1707]

2 possibilities... it opens at 0,56$ like you say.... or they boost the evaluation of FCC and cobalt one compare to the valuation of CSK...  by doing that, you dillute the shares of CSK investors receives in the final company....   According to market cao, we should be representing 16% of the new company...  according to the value they used in the first merger aggreement between