Big Banc Split Corp T.BNK

As expected

[braincloud]

BNK's oil production continues to deteriorate and losses mount. No mention of the Albanian tax issues. It occurred to me that management is playing this right. They will continue to kick the Geo deal down the road because if they don't , with oil prices the way they are, the stock would remain weak. With the deal in place the stock will stay around the $2 mark. I really think that if the deal doesn't pass SAFE approvals and oil prices remain weak they will find measures to kick it down the road some more . If on the other hand oil prices firm up to $50+ then BNK may take measures to cancel the deal. It's only speculation on my part but it does make sense. Keep the SP up by keeping the deal going. 
Also I find it strange that there's no update on the Albanian tax dispute. No numbers attached to EOR ( not that it matters much).

[Rodentrunner]

Buddy, don't cloud the issues here..with your braincloud bashing to try and lower the SP...accept it for what it is...SOLD 2.20...nothing more to be said

[braincloud]

Hypothetically speaking lets say that SAFE doesn't approve the deal by September end, will BNK be happy to take the paltry $20 million? What if oil prices are weak at that time? My bet is that they revise the deal yet again and offer an extension and or some money. If oil is on a rip then they gas the deal and we move on. It is a possibility IMO. Even the insiders that bought stock have to be