Big Banc Split Corp T.BNK

Some people wanted to shake the weak hand out

[Dannygo]

Some people wanted to shake the weak hand out so they can buy cheap shares. When both side striked the deal, if I remember well, the SP was $1.1x. So $2.2 was the results of BNK management and Geo Jade's negotiation. There is no reason Geo Jade will pull out.  
My target remain at $2.2.

[gibbonsj]

when this deal was struck nobody thought oil would be where it is today. Everyone was thinking it was a short term matter but that has proven not to be the case.  The argument today for $35 oil is stronger than for $50 oil. With every money losing day that passes BNK's bv decreases. If you were the purchaser under these circumstances what would you do?

[ChupacabraBueno]

Is that you John? March 21, 2016 when the deal was announced WTI closed at $42.72. Today WTI closed at 47.40. That's 11% higher. Even if the argument for $35 oil is stronger than for $50 as you say, the price is a lot closer to $50 now. Back then a lot of shareholders were screaming that $2.20 was just too low & management must have sold them out. IMO $2.20 is probably fair for both sides,

[gibbonsj]

Chup: what do we know with 100% certainty about the SAFE hold up? Perhaps management should provide some colour on this. Better yet why haven't they? They are not using this low sp opportunity to buy more shares which begs the question what the heck is really going on?

[Dannygo]

Gibbon: Be objective, I would say 99% :) It's enough reason to dig in. My part 2 (shopping) was $1.85. Honestly, if there is a chance down to $1.85 again, I'd do my part 3 shopping (I shouldn't be too greedy)

[ChupacabraBueno]

We know with 100% certainty that SAFE manages the balance of payments, FX, Renminbi convertibility & exchange rate, etc. Purchases of companies and other foreign assets impacts them & hence their approval is required. SAFE have no reason to be providing information to BNK shareholders or BNK management unless it in some way facilitates their management of the balance of payments, FX

[braincloud]

I think that summarizes it in a nut shell. That says everything you need to know. So unless there's someone out there that has a contact at SAFE , anything else is pure conjecture . Enough bullsshiet already! Speculating on minor fluctuations is just plain stupid. We will know when everyone knows. Thanks for that great synopsis. 

[gibbonsj]

everything about SAFE is conjecture because we know absolutely nothing about the nature of the hold up. Ommision by error or a devious otherwise? If we`re left to fill in the blanks about a critical matter it usually means there is hair on it. We all need to start using Alberto V05. It revitalizes the hair and gives it a little wave. You have to remember the Beatles on Ed Sullivan to appreciate

[braincloud]

Aee you mental? There's nothing devious or cryptic about what's going on here. Why do you insist on making it that way? Publicly stated and restated over and over again in simple language and verbatim that SAFE controls the exchange and outflow of Yuan. There's nothing more to be said on the matter. There's no hair on anything but your miserable scrotum. Just relax and wait like

[QUANTUMJUMP]

Yup , if you are actully dense enough to have sold this week .............. August 9th - achieved a supply demand equilibrium  China said this weekend that foreign exchange reserves remained basically unchanged, down just $4 billion to $3.2 trillion. That’s a sizable improvement from the $100 billion-plus a month the country blew through earlier this year.