Big Banc Split Corp T.BNK

deadlines

[RockLobster1]

I think people are dumping out of frustration when they see a Sept 29 date mentioned... but really nothing has changed.  They have to modify agreements that have hard dates in them, but if the get the SAFE approval soon then the cash will flow soon after.  The Sept 30 and July 31 dates are just new legal outside dates.

Thats how I read it.... but also read it that the deal is still on and financing is not mentioned/.  Our only risk is the chinese govt, but based on what is happening in Albania it doesnt look to me that the country would hold back, quite the opposite.

I think its a better buy at $2 as I dont see that risk has increased or any new delays.  I saw delays on SGC being bought in Eritrea... but eventually the approvals were done.

[mohsin6]

Read again ..i have quoted it for you...Sept30 if the deal SAFE goes through by July30 ..if it doesnt another arrangement of extention will happen.  Bankers and Geo-Jade are diligently working together towards receipt of this approval before the end of July, and if received, the Arrangement Agreement provides for an automatic sixty day extension of the outside date (currently July 31,

[RockLobster1]

yes thanks... there are legal dates in the agreement that need to be adjusted... but it is already July 21 so even without the PR we already knew the end of July was in doubt. So I dont see any real news in here, just confirmation that they are waiting on SAFE  and are prudently getting ready to adjust the agreement.   It removes the uncertainty that one of the parties might allow

[mohsin6]

If SAFE does not provide approval by August 2, then it will be really delayed.  This is the essence of the press release.  Its a forwarning. 

[mohsin6]

My understanding speaking to IR -- the deal is being worked out by Geo and BNK to extend the deal since SAFE is taking longer than predicted. so quite right this will be much longer than anticipated. Sept30 was quite right a built in date if SAFE had approved prior to July31 which wont happen. Therefore everything will be extended provided BOTH parties agree to extend the deal.  They are

[braincloud]

I agree. I think that the volume of forex deals in front of SAFE must be extraordinary. It's just a matter of time, but that time is a moving target, that's the problem. I don't believe that the deal is in jeopardy at all , based on insiders actions. They would know best. I also think that GEO wouldn't have any issues raising the funds either. I think that if you have an