Big Banc Split Corp T.BNK

Quantum of Solace

[DBNORTH]

Forgive me if I don't say what I really think about the Albanians but once the Chinese get control of this asset the Albanians will not get away with the kinds of things they've pulled off in recent months.  Bankers as a Canadian asset was always vulnerable to a move by Albania and it wasn't an if but rather a when.  The asset is worth much more than $2 but that premium will go to the Chinese because they have the economic clout to deal with the Albanians.  The Albanians have shown their true nature and you can't deny that anymore.  My Croatian and Serbian associates will tell you that people in that region do not change their spots overnight or even over decades.  Perhaps even the Chinese will be surprised at what they have to deal with.  Like most investors, can't wait to get out and I should have sold when it popped on the first day after the announcement!  So many other great oil plays.

[staz]

I have Albanian coworkers. Some are nice and intelligent , some are not so much so. The state is poor and wants more money as everybody else does. It's hard to estimate how legitimate their claim was (is) . What looks odd is that all those negotiations between Geo-Jade and BNK ( and I have to correct myself, Geo-Jade was after BNK since Spring 2015, not August) intensified in November. And

[staz]

November 16 , 2015 the SP ended at $2.23. Here's a quote from Information Circular :"The Bankers Board met on November 13, 2015 to discuss and consider the Initial Proposal. At the November 13, 2015 meeting, the Bankers Board decided to perform a review of the market to identify, examine and consider potential additional or alternative parties that may be interested in pursuing an

[DBNORTH]

Bankers (French) has done an excellent job with the asset in the last few years.  Managed the water issues that plagued the site, has had a descent cleanup program and introduced the horizontal drilling know-how that others could not have offed at the time.  Bankers may have been bushwacked by the Albanians but French was quick to recognize when Bankers' days were numbered and

[LordIskander]

They sure did. Dael Dervishi of AKBN said he was aware of certain 'suitors' comings and goings. This is a very serious accusation: consipiring to lower the stock price to ensure the acquisition succeeds. I would not put this past the Albanians and the Chinese, but the Boards acquiesence is rather puzzling.