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Re: Garyst post# 317

Tuesday, 07/12/2016 2:27:08 PM

Tuesday, July 12, 2016 2:27:08 PM

Post# of 375
well, then you found the one that isn't a scam nor does it have a crooked CEO...lol...it's just a "Bad Bank" that was spun off from the "Good Bank" and has negative worth of about $5 BILLION due to the debt that was dumped into it. And all the mutual fund companies and institutions that hold it are stuckholders from when there was only one bank with all the assets & liabilities. The good assets remained with the good bank, ie Novo Banco, that is 100% owned by the Bank of Portugal through the Resolution Fund. This has nothing so what you are doing is playing hot potato with ownership of shares until the banking license gets revoked and then the ticker.