Big Banc Split Corp T.BNK

You guys go on about the 20 million

[casino]

that is just under .08 lousy cents a share. PEANUTS. We longs got sold out by French and management.

Where are the audit results? All the audit talk is gone away. Why????

What a cluster fcuk we have here and when the deal does fall through which I still hope happens and it is looking more and more like it will. French and his cloonies will be turfed out and proper management will be brought in to run BNK ones that will not sell us out to keep their jobs.

With oil at $60 by years end BNK will be $3 plus a share.

[QUANTUMJUMP]

It is not 8 cents a share to Geo-Jade , to Geo-Jade it is $20 million . The clause was not there on July 29th .... They added the "if no SAFE approval BNK keeps the $20 millionUSD which is in escrow" clause July 30th so Geo - Jade has simply said we are comitted and expect the deal to close by Sept 30th

[casino]

QUANTUM  My point was in the big picture 20 million is really nothing especially to geo jade. 

[QUANTUMJUMP]

In what world does a business giving another company $20 million = a good business move ? What kind of buisness would make a $20 million dollare comittment and change their mind 12 days later? It was an incredible expression of conviction that they will have SAFE approval

[Quinto5]

Well said QJ. It appears that some posters are trying to spread doubt and fear to most likely drive the share price lower to accumulate at lower prices or support a short position. This scenario has become possible because the buying volume has dried up considerably and buyers are tired of waiting.

[braincloud]

I think you give too much credit to the power of this blog. Most of the guys here have very small positions . Hardly enough to influence the stock price . There's doubt cast because of no transparency nothing more. One can speculate if SAFE doesn't approve the deal in time then perhaps they pencil push the deal even further out. Either than or BNK scuttles the deal and drives on. I suspect

[QUANTUMJUMP]

Truly comes down to the timing. Geo-Jade seems to have expectations of the next tranche will try to get clarity on when "tranches" are announced ( unless a legit poster already knows)

[braincloud]

Exactly. It's just timing. I don't think that BNK walks away unless oil rallys really hard. I don't thing that'll happen within the time frame of this deal. So we wait.