Banco Espirto Santo (CE) (BKESF) Quote

Someone has been nibbling on BKESF for the last several weeks. Hopefully this is the prelude to a big run. This thing moves on air.

$BKESF @ .0025!

BKESF has been dead for years. Nice volume and buying in the last few weeks.

$BKESF @ .001!

$BKESF @ .0004!

Looks like still alive and kicking.. ! Thanks for the link.

NEWS OUT TODAY

NEWS OUT

A group of 230 small shareholders of Banco Espírito Santo (BES) presented a precautionary measure to block the sale of the New Bank, known as the "Chinese business", to the Administrative Court of the Círculo de Lisboa. The injured people represented by the law firm Miguel Reis & Associados question where the provision was aimed at reimbursing clients who invested in commercial paper from GES to the branches of BES and advance against the Bank of Portugal because they believe that the banking supervision entity made a "Assault" and a "confiscation" of Banco Espírito Santo in appropriating amounts and assets that should be used to pay the injured parties.

up 400%

now theres 5milly on the bid

no it won't; it's dog poo

Wondering why, all of the sudden, there are over 16 million shares at the bid..

interesting, saw this:

Weighing on the sale is also a series of court challenges related to the resolution of Banco Espírito Santo. On Friday, Novo Banco had a partial win in one case involving an $835 million loan from Oak Finance Luxembourg SA, a vehicle arranged by Goldman Sachs Group Inc., to Banco Espírito Santo. When the lender collapsed, Bank of Portugal said it would move the loan to Novo Banco, but it later backtracked and said the loan belonged to the “bad bank.”
http://www.wsj.com/articles/portugal-receives-bids-for-novo-banco-sa-1478291452

Agree. I'm still holding my shares from the last big spike up we had. Just a few days ago we had a nice volume day of a few million shares traded.

this will move soon........

BANCO ESPÍRITO SANTO, S.A.
RELEASE CONCERNING THE WITHDRAWAL OF BES’ BANKING AUTHORISATION
Pursuant to and for the purposes of article 1, item d), of CMVM’s regulation no. 5/2008, Banco Espírito Santo, S.A. (“BES”) informs that the European Central Bank notified BES,

on the 13th of July of 2016, of its decision to withdraw BES license for the pursuit of banking activity.
The decision to withdraw BES’ authorisation involves the dissolution and commencement of the liquidation of the bank, in line with numbers 1 and 2 of article 5 of Decree-Law no. 199/2006, of August 14, and the withdrawal of the authorisation produces the effects of the declaration of insolvency.
The next steps are as follows:
(i) Banco de Portugal shall request, under the applicable law, before the competent court, the commencement of BES’ judicial liquidation, and that request will be forwarded together with Banco de Portugal’s proposal for the appointment of a judicial liquidator or a liquidation committee, to be appointed by the judge;
(ii) The judge will then issue its order for the judicial liquidation to proceed and appoints the liquidator or the liquidation committee;
(iii) Only after the judge’s order will the subsequent steps of the judicial liquidation proceeding ensue, which will be governed by the provisions of Decree-Law no. 199/2006, of August 14 and, subsidiarily, by the provisions of the Portuguese Insolvency and Corporate Recovery Code.
http://www.bes.pt/Comunicados/20160719%20fsd177303_uk.pdf

Welcome to the website of Banco Espírito Santo
http://www.bes.pt/01.1_home_uk.html

Nice 1 million buy at the close.

Here is the response I got back from BES on the NB sell.

Dear Mr. XXX,
BES doesn't has any involvement with the selling of NB.
Best regards,
Rua Barata Salgueiro, 28 – 6º
1250-044 Lisboa - Portugal
investidor@bes.pt

BKESF 150K 0009 then 002 next up!

Sad that the pump and dump on this worthless company was based on faulty due diligence.

BKESF 100% buys at the ask today. It's gonna run again!

I know. Nice to see but I wish those 0009's would fall.

What's up with this EOD volume

Very nice volume

L2 now: 10k 0009, 60k 0001 then 002 showing.

Looks like they have a few hidden under the 10k today at 0009 being 900k have gone thru so far.

Insanely thin L2 for a triple 0 price.

Crazy thin!! Can't wait to see 20 mil day

Nothing to .002

Yes people are loading....

500k buy, $160 left to 002 now on L2!

$154 left to 002 now!

Yeah and I was watching L2 when they were going thru and the 10k blocks were pretty much 10k or maybe a few more shares behind them but they fell fast. Right now 70k 001 and 66k 0014 then 10k 002 and I believe that is about all that is there too. Few if any hidden shares here.

don't look at moi...

Peeps buying! Another run coming

Some people buying!

Somebody is hoping for a quick flip

Moving up

sure...but in the meantime, try & sell what ya got...you'd be lucky to get .0002... which should be a red flag to anyone trying to buy this gem

Super thin! Could have another huge run!

Thin and thin on L2!

BKESF was up 1500% 0035 last Monday…

And since then, it's gone nowhere but down, because people realized--some belatedly--that no one is bidding to buy it.

Agreed on both points. Funds holding millions of shares of this before August, 2014 cannot sell this time and it could very well be a write down for them.

Institutions did purchase this after the resolution; Morgan Stanley and Citigroup have accumulated a large number of shares but a lot has changed since they purchased the shares.

Like I said in my previous post, a lot has changed on the BES balance sheet in the last two years. The Bank of Portugal has pushed more liabilities into BES to make Novo Banco more attractive for a sale. Hopefully, some of those transfers will be overturned in court but it's a long shot at best.

Apologies for the bad examples as the tickers I cited did have the "Q" assigned. This has already traded almost two years after the Bank of Portugal resolution measures so it remains to be seen what will be done after the license is revoked.

"they" don't care. "They" already posted it's about making money and that is at anyone's expense especially the sheeple.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123775099&txt2find=money

Also, first those entities in your post got the "Q". This doesn't have the Q yet. As it is, this bank cannot accept deposits nor make loans. In effect, they are already sit down.

going to college in the USA is a bigger scam lol

Yup but tying the sale of Banco Novo to this one and implying that institutions are buying this are outright lies. Mutual funds & institutions are bagholders. Not SUGGesting in any way, shape or form you are doing that, but that was the tone of the board.

Thank you and I agree, this ticker could be suspended pending the license revocation. I've seen stocks like this trade on for years doing a liquidation; TWKGQ? Trenwick Group along with LaSalle an insurance company that was slowy wind down for years comes to mind, and others are not so lucky.

nice DD...

Stinky pinky PnD's like BKESF trap more less-informed participants than any other scam in the world.
The collateral damage is devastating to many... and it ain't right. The dollar amounts lost to scammers in this cesspool is astounding.