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

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TSX:BNK - Post Discussion

Big Banc Split Corp > Oil over 52.00 If this deal goes through

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Post by lefmike on Jun 08, 2016 9:04am

Oil over 52.00 If this deal goes through

It will be highway robbery in my opinion. Oil at 60.00 BNK was trading at 3.00 to 3.50. I sold at 2.00 I'm afraid, I was tired of dead money, but whats the difference between losing 50% and 52% not much really.....Good luck you all who are still holding.

Just curious here, is there a get lost date where the deal has to happen or penalties come into play?

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Comment by braincloud on Jun 08, 2016 12:22pm

Easy to say in hindsight. If oil was at $30 everyone would be counting their lucky stars that a bid showed up. If oil continues this trend there are still plenty of stocks to pick from with similar profiles. GTE and CNE are two. Moreover now that oil is trending upward it just makes it more inevitable the deal closes. 11% in a few weeks looks pretty good to me!

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Big Banc Split Corp