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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Big Banc Split Corp > Commentary on Seeking Alpha

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Post by Crakerman on Mar 21, 2016 11:03am

Commentary on Seeking Alpha

The stock is at C$1.85 per share as of now (10:37 AM).

In other words, the market fears that the deal won't go through.

If you buy now, you are saying that either the deal is approved or there is a better offer out there.

There are no concentrated shareholders according to Morningstar. Most fled after the Albanian government froze the company's bank accounts last November. This is good news for Geo-Jade: there is a slim chance that a bloc of scattered shareholders will unite and say no.

On the other hand, long-term shareholders aren't happy right now... Which brings us back to my first argument: in my opinion, most of them bailed out last November.

Therefore I believe the offer will be approved.

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