Big Banc Split Corp T.BNK

I'll just leave this here...

[ImFineThanks]

https://www.ukcitymedia.co.uk/cms40/uk-stockmarket-news.php?id=38182

[jostro]

I don't know if this is saying much.  To tell a guy like David French who I can only assume is pretty well off, to buy $1,125 of stock this month, it is not going to break his bank.  NOT buying the stock this month, might. As he has $540,000 already invested in the company, not buying sends bigger shockwaves than actually buying. 

[ImFineThanks]

I guess you didn't read the bottom section. "As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (midmonth and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10

[waitingstill]

Clarification please. If the management does not use the matching plan, I assume that the company does not equally match. Thus, it makes no sense NOT to take the stock unless you believe it is worthless. For example, SP is $2. You put in $2000 and company puts in $2000 for you and you end of with 2000 shares. If deal falls through and SP drops to $1.20, you still have $2400 worth of stock which is

[jostro]

I'm surprised no one got my point.  I read the whole article, I know there is a cap that can be met.  Would investors NOT draw to conclusions that if the employees did not participate in this, the employees are essentially saying the stock is worth DOUBLE what it should be, becuase they are getting 50% free shares (as correctly mentioned in another post.) knowing the conclusions

[QUANTUMJUMP]

Your point is irrelevant  SAFE APPROVAL = $2.20 

[Toast2change]

Exactly! These board members are getting a match of 50%. Just like any matching program with any company its silly not to fully exercise the match simply because you are leaving money on the table. Because of the match the share purchase price is reduced and they basically pay 67 cents on the dollar. Even if the sale fell through they would only lose money if the stock price dropped about .66

[braincloud]

He may be well off, but certainly not as well off as he was prior to his divorce that's for sure.