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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 wrote about my concerns regarding the Shorting
View:
Post by lefmike on Apr 12, 2016 12:36pm

I wrote about my concerns regarding the Shorting

How is it a group or a number of people have decided to short this thing with a sale in the process?
I'm confused and a little befuddled by it.  Can someone use a simple option to short, meaning shares are not really short sold?
I just for the life of my cannot understand how womeone would actually bet on a short with a sale in the process..

What am I missing?  BC?  Heirr Him?  dubsbs
Comment by braincloud on Apr 12, 2016 1:08pm
I don't think you are missing anything. If you short the stock here what's your downside? 0.35 right? If the deal falls through what's your upside? 0.35 or there abouts. It just comes down to how one hedges the downside? Buy another sm cap oil stock. Another strategy, just clip 0.02 cents. The bid and offer within .03 has 1 million on the bid and ask. . The stock trades like water so ...more  
Big Banc Split Corp
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