Albina Community Bancorp (ACBCQ)

[56Chevy]

I agree that the details we were given are really confusing...no question.

But Yes..I think we can be sure new shares were issued.

Here are 2 good reasons:

Did you read the FRS Order approving OPCB's BHC application?

I provided the link in a prior post.

Unless they're misinformed...the Federal Reserve is under the impression new shares were issued.

This is from page 1 footnotes:

1 12 U.S.C. § 1842.

2 OnePac Bancorp would directly acquire newly issued shares of Albina Bank, representing 90.1 percent of the latter’s common stock. Under the proposal, Albina Bank’s current parent, Albina Community Bancorp (“Albina Bancorp”), Portland, would retain 9.9 percent of the common stock of Albina Bank.

http://www.federalreserve.gov/newsevents/press/orders/orders20130926a1.pdf

The second reason I think new share were issued is I would almost bet the family farm it [news that no new shares were issued] would have leaked out to Mr. Market...and he would have shot this right up to $8 bucks in a heartbeat...and that didn't happen.

Is it possible Mr. Market doesn't know? Yes. But he rarely misses a big juicy rumor like that!

Deals like that have a way of leaking out...know what I mean! :(