Monday, October 14, 2013 12:52:19 PM
Anytime anyone wants to buy a bank State and Federal regulators have to get involved and to complete this deal OPCB applied to become a bank holding company. Here is the order approving their application to become a BHC. In this document is other useful and insightful info.
http://www.federalreserve.gov/newsevents/press/orders/20130926a.htm
http://www.federalreserve.gov/newsevents/press/orders/orders20130926a1.pdf
The 2nd qtr financial statement gave the number of O/S at 1,073,310.
OPCB bought 90.1% of the company which means 9.1 new shares for each existing share had to be issued and sold. 9.1 X 1,073,310 = 9,767,121
$8.75MM is what OPCB paid in total.
If you divide $8.75MM by 9,767,121 shares it comes to 0.8958 or .90. That is the price OPCB paid.
This number would also closely represent a new book value.
A call to the company would verify the O/S.
Learn something new every time you invest...and take it with you to the next opportunity.
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM