Bullboard - Stock Discussion Forum Purpose Canadian Financial Income Series A T.BNC

The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (defined below) (up to 70% on an equal weighted basis) and Canadian Insurance Companies (defined below) (up to 30% on an equal weighted basis) and (ii) monthly distributions.To achieve its investment objectives, the fund will invest primarily in equity securities of... see more

Add To Watchlist

TSX:BNC - Post Discussion

Purpose Canadian Financial Income Series A > Fair Value?!?!.....

View:

Post by rgonlyfactspls on Aug 28, 2016 8:52pm

Fair Value?!?!.....

Curious...How is "fair market value" a deserving effort by TST senior Management/BOD to TST shareholders??? Especially, when 80% of the TST assets (at 14 cents) is CASH!!! Repeat, 80% of this deal is CASH. And, CASH to a biotech like PLS is golden (or, at a minimum... comes with a 10% interest rate, convertible). With 80% cash, many here, could have arranged this deal alone from their laptop!! And, collected the $X.X million finder fee I haven't read yet. Not through all Sedar info quite yet. What about maximizing shareholder value with a bit (or, just a fair value) of a premium?!?!

230