Big Banc Split Corp T.BNK

Geo Jade must be doing the happy dance

[QUANTUMJUMP]

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

[dubsbs]

and you know this how

[QUANTUMJUMP]

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 .... 

[braincloud]

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