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Churak

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Churak

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Re: Penny Stocks 2.0 post# 50

Tuesday, 07/05/2016 1:27:43 PM

Tuesday, July 05, 2016 1:27:43 PM

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On 3 August 2014, Banco de Portugal, Portugal's central bank, announced a €4.4 billion bailout of BES that heralded the end of BES as a private bank. The bailout was funded by the Portuguese Resolution Fund (Portuguese: Fundo de Resolução). The bank was split into a healthy bank, Novo Banco, while the toxic assets remain in the existing bank.[3]

https://en.wikipedia.org/wiki/Banco_Esp%C3%ADrito_Santo


And that existing bank is Banco Espirito Santo trading @ .0002 before today's action.
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