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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TSX:BNK - Post Discussion

Big Banc Split Corp > This is NOT a done deal

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Post by gamefan on Sep 11, 2016 2:14pm

This is NOT a done deal

SAFE has never been a problem for this deal but the funds. The funds by now have not been raised and they come from several organitional investors. If one of the investors had no enough time to raise the money, the deal might be delayed again. That's the risk right now. The market over-reacted the SAFE pass with closed price 2.17. It is too high comparing to the risk. Anything can be happened in 3 weeks. Good luck !

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Comment by BobTheKnob2 on Sep 11, 2016 2:29pm

I bought into this name when everything seemed to be a straightforward arbitrage situation. When things started to go sideways I sold it at a small loss. I have followed it since. The underlying thing about this deal is that it is defined by a lot of talk, and very little delivery. Nothing has changed and there is no compelling reason to get back on board (see post above) for a quick ...more

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Comment by ImFineThanks on Sep 11, 2016 2:44pm

Sounds like you're butthurt dude. I have to step in here and disagree that nothing has changed and judging by the current price... most people agree.

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Comment by braincloud on Sep 11, 2016 3:39pm

Do all of us a favour and stick to the Twin Butte site . Seems you know way more information over there than here . Besides BNK is a bit out of your league isn't it? Seems you buy stock by the pound! Moron

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Comment by ImFineThanks on Sep 11, 2016 2:30pm

You have no clue what you're talking about here gamefan. Funding has been in place for months. Everyone who has been paying attention knows that. There have been several posts from IR and press releases confirming that. The deal is expected to close "within the next couple (2) of weeks" according to Bankers investor relations. Sorry bud - you missed out.

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