Allied First Bancorp, Inc. (fka AFBA)

[jbaxter]

Genlou,
I own several banks, one trading at $15,000.00 per share, and a few others all the way down in price to this. CCFH looks interesting, I'll look closer into that and follow you on that board.

A few of these sub $1 stocks have done wonderful for me. Once they fall below $2, most on Wall Street want nothing to do with them, until the insiders get their act together and clean up their books. While I usually keep clear of stocks with PFD stock in them, in the case of AFBA, the common stock outstanding is so low it is way to compelling.

These stocks are very speculative at this point, so you are wise to diversify if this is the area you are looking at investing. I do believe in wealth concentration to build wealth quickly, so if you find a nano-cap stock like AFBA, not only might you be concentrating your funds, you are also concentrating you % of ownership in the company at the same time. Of course, it could mean the entire loss of every cent of your funds if you do that. It has worked well for me.