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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 > I am happy
View:
Post by kingyahoo on Mar 21, 2016 1:50pm

I am happy

I mentioned earlier I bought last Friday at $1.11 and sold at1.85. Then I believe I heard whichever pulled out of the deal, there was a penalty of 3 million bucks. Ig management is 100% behind the deal, I cannot see investors voting against the deal, etc.

Based on my assessment, I bought half of what I sold at $1,76 and I saw it is now $1.71. No problem made enough profit to buy lower and lower.

Will someone help me out!
Comment by kingyahoo on Mar 21, 2016 2:15pm
For God's sake, I am not going to wait for $1.69. Added at $1.70.
Comment by kingyahoo on Mar 21, 2016 2:35pm
We heard David French in BNN. Unless he is a good actor, I am sold on what he said and on his faciel expression. And, I am not surprised the price fell to a low$1.69. Any stock where millions of shares are traded, it is a field day for manipulators and they play yoyo: up and down. Please bring the SP lower. Thank you.
Comment by kingyahoo on Mar 21, 2016 2:43pm
Sh.t, I was a few second too late and missed adding at $1.64. But I may get filled and would keep adding lower and lower.
Comment by bull_man on Mar 21, 2016 2:17pm
just bought back in at $1.69....at the low-ball offer of $2.20, don't be surprised of a counter offer in the very near future; this company is worth way more than $2.20/share, and the Chinese know that.
Comment by trader99999 on Mar 21, 2016 2:19pm
Agreed.  It's human nature to want waht other people want.  Now that BNK is a target, others will counter.
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