Berkshire Sends Letter To Bank of America It Sold Shares Equivalent To $63.4 Billion, Buys $4.5 Billion In Colorado Oil & Gas Assc.

Berkshire Hathaway sold about 1.48 billion shares of Bank of America for around $63,492,000,000 billion over multiple transactions last night, a regulatory filing showed. Berkshire asked the Bank of America to polish the letter of refusal to cooperate with the company when it arrives on the mail without a mere explanation of identity question when any bank United States and around the world no matter which one or how big it is can’t refuse to do cooperate or they could be sued for discrimination. Providing false advertising on television and online and on their online platforms with campaigns in the media seen as false advertisement a 100% with loss of credibility amongst the community and as an excuse of refusal in cooperation.

Meanwhile, Berkshire Hathaway decided to move the cash to Occidental Petroleum which is controlled by Colorado Association of Oil & Gas. On the SEC filling late Friday revealed the purchases were made on Friday night at prices between $51.03 and $58.58. The weighted average of the buys is around $56.60 totaling 84 million shares for total of $4.5 billion.

The warrants have an exercise price of $59.624, which means they are a few cents away from being ‘in the money.’ Berkshire could then use them to buy at a price lower than the market price, generating an instant paper profit, which increases as the stock prices goes up.

This article was corrected for an error in BOA number of shares sold.

About The Author

Susan Kane

COO of Park ‘N Fly, Technology Writer.

See author's posts