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Saturday, May 13, 2017 4:06:54 PM
Not true! Many FDIC-Received banks have still not filed any bankruptcy such as the peer MCBP: it was closed on April 16, 2010 but it was still traded at "MCBP" without the ending "Q"! After adding the ending "Q" to "FNBC" we can expect very soon all the common shares will be canceled by the FINRA and the only question is "when"? So I predict the price of FNBCQ might crash to as low as 0.0100 in the coming week should it follow the majority of its Q peers did, then it gradually decline to 0.0001 as the peer MCBP did (at 0.0001 now)...
Trading the "Q" stocks has nothing wrong since you might make some quick money. But the problem with FNBC is: its current Market Value is ridiculous high --- at yesterday's high $0.15 the MV is $3M which is too risky to own any shares! Even at its current low $0.082 the MV is still ridiculous high $1.6M v.s. its bank peer MCBP only has $0.001M MV!
https://www.otcmarkets.com/stock/MCBP/profile
How low the ending "Q" will drive a stock's price to? Here is a exmaple: KIDBQ was ever traded above $1.0 before the CH11! But after adding the ending "Q" its price crashed to as low as 0.0009 with similar-SS (22M shares OS) --- see the chart below.
Trading the "Q" stocks has nothing wrong since you might make some quick money. But the problem with FNBC is: its current Market Value is ridiculous high --- at yesterday's high $0.15 the MV is $3M which is too risky to own any shares! Even at its current low $0.082 the MV is still ridiculous high $1.6M v.s. its bank peer MCBP only has $0.001M MV!
https://www.otcmarkets.com/stock/MCBP/profile
How low the ending "Q" will drive a stock's price to? Here is a exmaple: KIDBQ was ever traded above $1.0 before the CH11! But after adding the ending "Q" its price crashed to as low as 0.0009 with similar-SS (22M shares OS) --- see the chart below.
Stock-Killers-World has spot 368 stock killers from 9000-Bagger to 2.2-bagger since 03/05/2011
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