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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

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Post by PreferGolf on Mar 21, 2016 2:29pm

Market

Is the market telling us this will not go through??

If it thought the value should be higher, we would be trading above $2.20 and not 50 cents lower.

This is substantial. The market can show the company that the value should be higher. It is not.

Right now a buyer tends to make 29% in a few months at the $1.70 price.
Comment by PreferGolf on Mar 21, 2016 2:36pm
At this rate we may be back to $1.11 by the end of the day. Nothing is guaranteed. I also biught more at $1.75 and will buy more at $1.60.   But the price is going in the wrong direction right now.
Comment by DSurfer on Mar 21, 2016 2:42pm
Pretty wild totay with a large volume of shares traded. wow Sold at $1.84 and bought back some at $1.68 Still some amo left if it goes back even lower. Bring it on !
Comment by bullchart on Mar 21, 2016 2:54pm
Yes, this was heading up anyhow without a ridiculous offer. It was 1.28 on Mar 7 and likely be in the 1.50-1.75 area in April anyhow. The 200 day average is at 1.80 but not looking like this will close above that even today. Squeezes back to 1.50 and ticks off the day traders before the close, I just may be a buyer or wait for the open tomorrow if this closes at or near the low of the day. 
Comment by jackripperIX on Mar 21, 2016 2:52pm
Something ive learned in stocks is you buy low and you sell on the news. 
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