North American Financial 15 Split Corp T.FFN

Anybody buying here at 7.10?

[marcrobert]

is the cat out of the bag on bay street for insiders - are they making moves? lol

[marcrobert]

last minute jitters, retraction results imminent?

[Donwaan]

Interesting that only 1 house, TD, is doing most of the selling.

[freeparking]

I had a small order out at 7.10 that got filled while I was out at work. Will take it. Still have cash sitting on the sides waiting for the retraction results.

[Pesyk1]

Not a chance , stay clear until we know what happens with retraction.  If you are in the green , get out and watch on the sidelines. 

[Nakate]

 just shorting and panic selling by the looks of it

[sandino]

What is the expectaion of the retractions and why is it driving th price down? Just bought in recently because of the high discount between NAV and share price. I'm obviously missing something. Thanks in advance

[NoShoesNoShirt]

Go back and read the discussion here, or just click on Navgods name. Could be nothing, or be going to $2.50 with a nav of 4.  

[AwesomeMatthews]

Even if every preferred share was redacted at around 56mil that's around 1/20 of the funds value though. Also; if there is a large portion redacted they will just do a split so that preferred's continue to get paid, it's in the best interest of the fund. The likely scenario is that anyone with shares in FFN through consoldation will end up with more shares that are still paying

[Master1917]

Do you mean split with resulting NAV under 5, but still paying dividends? So effectibely no true economiv impact to holders?