Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

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Big Banc Split Corp > Geo Jade must be doing the happy dance

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Post by QUANTUMJUMP on Aug 31, 2016 9:50pm

Geo Jade must be doing the happy dance

Bankers and Geo-Jade Petroleum Corporation remain committed to completing the corporate transaction pursuant to an arrangement agreement dated March 19, 2016. The transaction is expected to close before September 30, 2016

all the boxes are checked now congrats to Geo Jade

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Comment by dubsbs on Sep 01, 2016 8:28am

and you know this how

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Comment by QUANTUMJUMP on Sep 01, 2016 9:32am

I dont know , lets say you buy a company and a ruling is in your favour eliminating a $57 million tax bill ... $37 million already paid , most likely will be given tax credits and then you get the green light on domestic sales all the boxes are checked ......... if you think the timing was a fluke , anyway ....

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Comment by braincloud on Sep 01, 2016 9:50am

I don't understand this debate. The tax ruling was very predictable under the circumstances. The Albanians were claiming that they were going to disallow $250 million in capex and therefore would be forced to pay additional taxes. Given the history of audits in prior years there have always been minor adjustments to what qualifies as a recoverable expense. There wasn't any way to disallow ...more

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Big Banc Split Corp