Big Banc Split Corp T.BNK

No risk to buy BNK

[Holdernko123]

When LRE was signed definitive contact with Chinese company for cash price $0.52 per share, the share price even went down to $0.29. Why? because the buyer is chinese company. If it was a canaidan or US company, the price will go up to $0.50 the next day. The fact is that NO one Chinese Company has ever broken a contract so far. Any body has any example?
BNK has the same situation with LRE. BNK was sold at cheap price there is no reason not complete the sale. Who wants to pay US$20 milion penalty?

[QUANTUMJUMP]

No offense but no it is not the same , LRE is waiting for Canadian regulatory approval , the deal has no clause based on ability to get financing  BNK's offer has a clause where the purchaser will not have to pay break up fee if they cannot get the financing done  Not a bash but we have to deal in reality 

[QUANTUMJUMP]

See what I mean ?  Yoo post a fact and some delusional ostrich trader gets pissy  The clause is in the press release , you cant change that

[crude]

order in for $1.80

[trader99999]

Good luck because there is a big wall at $1.82.

[dubsbs]

thats good because i have aiready topped up........

[crude]

i would be much happier if it went the other way best o.luck

[staz]

"The Arrangement Agreement also provides for a mutual non-completion fee of US$20 million if the Arrangement Agreement is terminated in certain circumstances. This includes payment in favour of the Purchaser if Bankers enters into an agreement with respect to a superior proposal, or if the Bankers Board withdraws or modifies its recommendation with respect to the Arrangement. Payment in

[slowandsteadyca]

I'm new here but it's false to say there's no risk. No risk is priced in the market and it sure as hell doesn't pay 20%. I have a small position of about 5300 shares I bought at an average of $1.84 and I'd be psyched for the deal to go through of course. I'd really like for it to happen but it's irresponsible to say no risk.