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Hi. I am here many years. Who has recently entered here? regards
MichaelMir ?. you are also in BHBCQ ?. What do you think of this? do you see something positive here?
BHBC changed to BHBCQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=04/16/2014&mkt_ctg=NON-OTCBB
Bankrupt now! BHBCQ tomorrow.
Yeah, FDIC can be real tough. But they strike me as somewhat uneven as they appear to be tougher on urban banks than small rural banks. That's why I think BCAR and CIBH are better bets in the longer term, but BHBC is a curious matter.
Its interesting but not sure what to think if it.....FDIC can be tough!
Thanks. I found that last night and read it. Curious, considering the massive debt and the potential to still file for bankruptcy. I'll evaluate it more and perhaps throw a few $$ at it... maybe...
They had a recent filing in March 2013.....explains lots, 4 board members still...assets were protected from FDIC...al be it no business, you must ask why pay for a filing and keep members as well as protect assets???
Cheeky, I think this one has been dead for a while. Seized by regulators after the merger fell thru - http://www.freerepublic.com/focus/f-news/2237780/posts
website dead also.
BHBC I wish I did, but with the volume picking up, someone knows something....they were in same business(smaller level) as FNMA, now FNMA is a Steal at .80, imagine this....Volume preceeds price, plus a March 2013 Filing.....looks good!
Do you have any idea what is in those reports?
$BHBC .015 HUGE MOVE COMING, 2 NEW REPORTS AVAILABLE ON YAHOO FINANCE ONE 17 PAGE $200 APRIL 2013, & 59 PAGES FOR $700 MARCH 2013 INTERESTING
remember GWAY all the volume came between 2$ and 5$ when it flew lightining fast looks interesting here will fly fast after .15 again IMO sometin up
lots of reports about BHBC recently, hmmm
http://finance.yahoo.com/q?s=bhbc
BHBC .053 x .08!
BHBC from .008 to .06!
Yeahhhhhh!
first post here in 2 years, what sparked this?
shutdown by FDIC finally....oh well next
Shut down today
go to website
so is MHBC 0.12
MK
the latter but they needed $75m to be well capitalized and that didn't work out after the merger was cancelled
Is BHBC banrukpted? Or is it still operating and running, except the merger was terminated?
Yes, I saw that...perhaps will be something more exciting in the horizon for BHBC....
hit a snag, merger was cancelled, was wondering what's going on
Same here Estrella, I will be accumulating shares at this level. This has 10 bagger written all over it. It may take 6 mos. but hey, we can't make it all over night. lol
GLTU
Welcome to BHBC house!!! Nice to meet you!
;)
Morning, I took a starter position here. I like the News.
GLTA
Is good time to accumulate before big news!
;)
"well capitalized" bank upon merger =) dollars $$$ eventually imho
I don't think this even filed for bankruptcy, should be a nice transition
Looks like, we are waiting for news in any moment!
;)
Lifegear welcome to the BHBC board and Thanks to be our new Assistant!
;)
isn't this getting closer to the merger completion?
Hi Estrella, joined the board today =)
Nice close today!
;)
Looking good here! Slow and steady wins the race!
15-12G WHAT DOES IT ALL MEAN?
"When a firm “goes dark” it deregisters with the Securities and Exchange Commission (SEC) and delists its shares. Deregistered firms are no longer required to make SEC filings such as annual reports, proxies, 10-Ks, 10-Qs and other important documents. And they’re no longer required to have annual meetings or elect outside directors.
To deregister, a firm files Form 15-12G (Securities Registration Termination) with the SEC stating its intent to deregister, usually by a certain date. Once that date arrives, the stock exchange or NASDAQ prohibits future trading in the shares. The firm’s shares are then relegated to the pink sheets, where liquidity is usually much lower. Although the actual process takes some time, the firm’s share price typically will decline immediately after the “going dark” announcement, since many institutions are prohibited from owning shares of firms that don’t file with the SEC or trade on the exchanges or NASDAQ.
Shareholder Action Plan
The lessons here are several:
If a company you own announces plans to deregister, don’t panic. If the fundamentals are intact, the shares are probably worth owning. Even in the less liquid pink sheets, shares of firms with improving fundamentals will appreciate. However, you should call the firm immediately to assess their plans for ongoing communication with outside shareholders. Ask the same questions we did of Southern Energy Homes—which gave the right answers. If you receive answers that indicate communication will be lessened, there may be some governance issues relating to the treatment of outside shareholders. For example, we would find it difficult to own shares of a company that provided only an annual report and had no annual meetings or election of directors.
Make sure the fundamentals are intact. Use the deregistration announcement as an opportunity to perform a thorough review of company prospects. Often a firm will deregister to help hide a deteriorating financial condition, bad accounting or other ailments
Fortune favors the bold. To be a successful investor you must have the courage of your convictions. That means if you’ve done your homework, don’t be afraid to step up to the plate, especially in the face of consensus opinion that’s going the other way. "
Courtesy of John Deysher (Complete Article Link http://www.aaii.com/commentary/articles/200601_stockstrategies.cfm )
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http://www.fbbh.com & www.ofscapital.com
Beverly Hills Bancorp Inc. and Orchard First Source Asset Management, LLC Announce Merger Agreement
http://biz.yahoo.com/bw/090303/20090303006370.html?.v=1
About Beverly Hills Bancorp
Beverly Hills Bancorp Inc. is a financial holding company and conducts its banking and lending operations through its primary subsidiary, First Bank of Beverly Hills. The Bank focuses on niche products, including the origination and acquisition of commercial and multi-family real estate loans. The Bank's principal funding sources consist of certificates of deposit, borrowings from the Federal Home Loan Bank of San Francisco and repurchase agreements with major investment banks. The Bank is a California state-chartered commercial bank and is regulated by both the Federal Deposit Insurance Corporation and the California Department of Financial Institutions.
About Orchard First Source
Orchard First Source Asset Management (OFS) is a privately-owned company focused on providing senior secured financing to middle market commercial and industrial companies in the United States. Established in 1995, OFS provides cash flow and asset-based financing solutions to its commercial and industrial corporate borrowers through a team of experienced lenders.
Since its inception, OFS has originated, structured and managed over 600 middle market loan transactions aggregating in excess of $8 billion. OFS operates primarily through its headquarters in Rolling Meadows, IL and maintains additional offices in Los Angeles and New York.
$488,464 as of Mar 2, 2009
Outstanding Shares 18,787,094 as of Oct 31, 2008
Number of Share Holders of Record 70 as of Mar 17, 2008
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