Canadian Banc Corp T.BK

SEDAR Preliminary Short Form Pro

[TheeRook]

Offering coming

2023-05-10 11:06 C:BK 13.07 SEDAR Preliminary Short Form Prospectus SEDAR Preliminary Short Form Prospectus

[SueBee2772]

Do you have any timeframe for when you think this will happen? 

[TheeRook]

Last 2 offerings   Might be soon 2023-01-24  CANADIAN BANC CORP. ANNOUNCES OVERNIGHT OFFERING 2023-01-31  Canadian Banc completes $45.05M overnight offering 2022-05-31  CANADIAN BANC CORP. ANNOUNCES OVERNIGHT OFFERING 2022-06-01  Canadian Banc closes $28.6-million overnight offering

[Inglewood]

Please excuse my ignorance, but can someone explain how an Offering affects the share price and split corp in general? My impression was that it was just an equity raise and total NAV will rise in porportion to the number of new shares bought... so no change in NAV per share. Is this correct? 

[EdPaquette]

You won't lose anything if you hold it 3 months past the offering.  But in those 3 months the premium dries up.  Or gets sucked up by quadravest.   

[mouserman]

The biggest problem with the offerings, is that the underwriters , usually banks like RBC or NA, do the offering for Quadravest and get shares at a discount to offering. Many times they short the shares right at start of the offering , and then cover later with the shares acquired on the cheap. Market knows this  and most times sells off  for a time, usually only a few weeks, depending

[Inglewood]

Thank you for the response guys!