BCAR~~great to buy under .10 cents, Bank of the Carolinas Corporation (OTCQB: BCAR) today reported that the Securities and Exchange Commission declared effective the company's registration statement on Form S-1 relating to the resale of up to 458,132,991 shares of the company's common stock by certain selling stockholders. The company registered these shares to satisfy contractual commitments it made in connection with a private placement on July 16, 2014 of approximately $45.8 million in common stock to certain institutional investors and other accredited investors at a sales price of $0.10 per share.
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