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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 > outcomes
View:
Post by braincloud on Dec 05, 2015 12:23pm

outcomes

1. Audit report come back vindicating BNK of inflating the CAPEX Probable
2. Audit comes back with an adjustment downward to the COST POOL Maybe but minor
3. Audit takes longer than expected Maybe. It depends on what the expectation is.
4. Audit comes back vindicating and the ALBS don't like it. Will they comply and cooperate going forward? This is where most of the doubt will be. BNK could then say " we paid you so to reconcile we won't pay you any royalties until what we've given you has been made up". ALBS could cause a fuss.
5. Audit come back and everyone goes back to their respective corners and life goes on. Maybe, but they both signed a contract agreeing to the auditor so MAYBE
6.Audit comes back and BNK has lied about spending $235 million and spent zero Unlikely
Comment by Emailme on Dec 05, 2015 4:23pm
This post has been removed in accordance with Community Policy
Comment by grantoue on Dec 05, 2015 6:17pm
why would you announce that. as if your opinion means anything to any of us.
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