Purpose Canadian Financial Income Series A T.BNC

Anyone else see a link to the release 3 weeks ago..

[bailmeout]

What was the need to send out the overly negative toned letter three weeks back. They knew at that time the deal was being done. There was no need to say anything..unless they wanted to rape a few more retailers of their shares. If they said nothing they would still be sitting at .075 cents without the huge drop to as low as .045 that shook out MILLIONS of shares. Their previous release was May. You dont think they could have just waited 3 weeks to release the deal. They wanted 1 last play on the retail holders. imo the BOD is making big on this deal on the backs of the many who have been with this company for about 5x as long as them...sad but true. Someone may want to bring that up at the rubber stamp meeting.

[lorneg]

Wow, Boil. You have just impressed me.......long time coming. In any event, the optics look horrible for our beleaguered leaders. Is it their only raison d'tre for the close down NR would be to comfort the impending buyers? Or would their motivation be to hurry the buyers? We all need to now decide whether this is a good scenario, or a bad. Nothing like doubling ones money on paper to make it

[rusty4998]

I wondered the same thing.   Another theory:  Possibly because of the negativity of that release it was put out to make it more acceptable for shareholders to take what I consider to be a lousy deal. All IMHO

[rgonlyfactspls]

Bail, a gut wrenching revelation from TST Management/BOD for sure...re: MCNA a non asset. Timely (for the acceptance of this deal) and EXTREMELY QUESTIONABLE/ SUSPECT. rg

[rgonlyfactspls]

Telesta chairman James Rae. This offer represents a significant premium to Telestas share price since February, 2016.* February 2 was a really bad day for sure.** Closing at 9cents. But, "the day the music died" was August 2. Low of 3.5 cents closing at 4.5 cents. The devil is in the details. August 2 announcement...inevitable or opportunistic? Time will tell. But what timeframe Mr. Rae?