Replies to post #52537 on Calissio Resources Group Inc (CRGP)

[MarkTrouble]

Seems like a good idea with the Fed interest rate going up for a bank to invest in this sector. With rates going up Banks will be making tons more by doing absolutely nothing different so they can put some money towards some I guess risky assets like penny land.

[onehundredmph]

Yeah in Expert Market... ready to be used at institutional pleasure! Money flow...and those tender offers at .01 on low OS entities speak volumes too. Back door covering?

$13
$CRGP
#USA

[janice shell]

The new Bank of America preferred won't be on the OTC for long:

Bank of America (BAC) priced an offering of $700 million worth of new Series SS non-cumulative preferred stock, offering a fixed dividend rate of 4.75%. The new shares were rated by all three of Moody’s, S&P, and Fitch, at Baa3, BBB-, and BBB+ respectively. Trading will take place temporarily on the OTC under the symbol (BACXL), before moving to permanent symbol BAC-S on the New York Stock Exchange where it will join BAC’s many other preferreds, including the 4.25% Series QQ (BAC-Q) which was issued back in October, and the 4.125% Series PP (BAC-P) which was issued a year ago.

https://seekingalpha.com/article/4482669-new-preferred-stock-ipos-january-2022

[Elgordo84]

Great post just borrowed!