BREAKING NEWS: WHY ARE THEY RAISING SO MUCH MONEY FOR?
Bank of America ($BAC) just filed a Form S-3 to sell up to US$123,000,000,000.00 (US$123 Billion) worth of Debt, Warrants, Preferred Stock, Fractional Shares.
Reason the bank gave: We need the cash to meet our "obligations".
PROSPECTUS
$123,000,000,000
Debt Securities, Warrants, Units, Purchase Contracts,
Preferred Stock, Depositary Shares, and Common Stock
Ask yourselves:
- If the Fed Reserve is still printing money, isn't it enough?
- Isn't there too much money in circulation, why is Bank Of America trying to raise so much cash (US$)?
- Or do they feel the amount of cash is not enough for what they think is about to happen?
To me they are preparing for:
- MOASS
- Crash
I let your imagination run wild ;)
I am having Goose Bumps now....if the other banks follow suit.....stay tuned for the biggest show ever in Financial Markets. Don't blink because one day you will tell your children and grandchildren this story....
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