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

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TSX:BNK - Post Discussion

Big Banc Split Corp > Did something get leaked?

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Post by Shqipe on Feb 01, 2016 12:41pm

Did something get leaked?

Bnk not moving relative to the direction of Brent price as seen the past month. With a healthy amount of volume aswell. Could they be close to a decision on the audit?

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Comment by flintabattey on Feb 01, 2016 1:10pm

Could possibly be this snippet of news - "Petromanas announces sale of Albanian assets to Shell"

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Comment by braincloud on Feb 01, 2016 1:42pm

I doubt it. I was told towards February month end at the very earliest. I'd suggest that perhaps comfort is growing about the outcome. Maybe government officials are buying? LOL

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Comment by Shqipe on Feb 01, 2016 2:22pm

Thanks good to know. Funny thing is I wouldn't be surprised if they were buying. This baby was at 2.10 before the announcement. Not saying it'll go up to the 2s after the decision because oil was higher at the time but a double by mid April wouldn't be a shock. Market is way too volatile to predict anything at all atm

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