Based on BBT's earlier annoucement as to BBX acquisition ( comments from last Nov ) ... this POP can happen anytime now.. Shorts will be burned immediately... when BBT speaks ( now ready to happen ) this will jump between $6 and $7... just like last time in Nov... to be short here would be insane because when the POP happens we are talking another 100% jump. It will be at least as much a POP as was in Nov. This rocket is on the launch pad, fueled and ready to go !!
BBT is acquiring the branches and some loans. The deal with BBT doesn't need to be changed. What's necessary is for BBX to settle litigation with the trust pref holders. IMO a debt swap with the trust pref holders makes sense so that they are repaid as some of the post deal loan portfolio is runoff.