Big Banc Split Corp T.BNK

LucasKnight

[good40]

Note that disclosure reads the proposal is valued at $2.20/sh before the assumption of indebtedness.

What would be the difference if it read after the assumption of indebtedness ?

Who will be responsible for the $120 million debt ? Does BNK keep their cash ?

If you can't answer with certainty and provide reference, then you are only guessing... while
promoting your previously purchased shares. I highly doubt you are buying at these levels using so much effort to promote.

[LucasKnight]

Nice try mate.. But if you can't decipher such a simple annoucement as that, then i can't help you. Every single analyst firm has now readjusted their ratings and put BNK at C$2.20/share on tender. Bankers Petroleum management have also clarified that this is a straight up offer of C$2.20 per share. If you still want to look beyond the lines...then i am afraid that there is nothing i can

[good40]

Once again "mate ".  I know the proposal is for $2.20 per share but they qualified it. It says that the deal is valued before the assumption of indebtedness. What would the value be if it read after the assumption of indebtedness ? Who pays debt and who is responsible for the tax dispute ?

[LordIskander]

Geo-Jade pays the debt. There's no visibility on the tax dispute. So what the press release mentioned was the equity portion of the deal ($575). As per Bloomberg the Total Value of the deal is $665 Common Stock 0 + Transaction Financing 575.4 - Cash & Equivalents 71.9 + Preferred Equity 0

[FVFV0001]

Please read the announcement. The reference to debt is not a qualification but a simple statement of fact that refers to the valuation of the company. Geo-Jade is assuming liabilities. If you need further clarification just email BNK investor relations, as several on stockhouse have already done, or search here for the IR reply.

[LucasKnight]

Indeed. Its plain and simple... Every media outlet and analyst has indicated that its a buyout at C$2.20 per share and $575 million. They have all changed their ratings to TENDER and @ C$2.20. If regular investors want to see through this and look for misgivings, then they are entitled to their own opinion. I am not for one to interfere...the % profit is there for the taking now at the current

[biloshi]

This post has been removed in accordance with Community Policy