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Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

TSX:BNK - Post Discussion

Big Banc Split Corp > auditing 2012 and 2013
View:
Post by desl198 on Nov 21, 2015 10:54pm

auditing 2012 and 2013

Does this mean they will ask for even more money?


https://www.albaniannews.com/index.php?idm=2796&mod=2

Oil Concessionaries, 500 Million USD Unjustified

The National Agency of Natural Resources claims that the concessionary companies exploiting the Albanian oil have reported unjustified expenses equal to 4% of the GDP only for 2011. “We have verified a figure mountin up to 500 million USD. This is related to the spending that companies have made irregularly and non transparently,” said the Chairman of the National Agency of Natural Resources, Dael Dervishi. The Director of the agency says they are auditing the balances of 2012 and 2013, which could show even bigger figures. But how will they act for these financial claims? “If parties don’t agree with each other, we will have an independent expert resolving our disagreements. If we will not agree, we will go to international arbitrage,” Dervishi declared. September 15, 2015
Comment by Bankorruptsee on Nov 22, 2015 9:13am
Bottom line is, the Albanians did an end run at Bankers. This is an illegal action. The Albs are on the wrong side of international law. Going into a bank to 'affect' the accounts of a multinational company without any disclosure and against prevailing agreements is illegal. Really?? This illegitimate action needs to be tended to by the international community. Bankers relaized that ...more  
Comment by dbeaude on Nov 22, 2015 9:22am
So they publically state that they will use independent expertise and if no agreement then international arbitration. Looks like they have jumped the gun. These guys seem to be out for blood.....They know Bankers has some cash in the bank and they seemingly could care less regarding the state of the oil producers with the price of Brent being less that $45
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