Capitalsouth Bancorp fka CAPB

[ROSAY]

It was promoted by "The Stock Psycho" Theyre horrible for dumps. Every alert they've sent out over the past few weeks has been followed by a huge dump. BEWARE!

[ihogan]

Syddy who promoted this? I didn't pick up any shares but for people who did it may be something to report, p&d is one thing but this was a straight scam.

[onemessageonly]

You all need to take that clown to the cleaner. What an idiot. Wrong company, fn' shame to all those that didn't check it out and bought shares of this.



http://www2.fdic.gov/drrip/bal/balancesheet.asp

[ihogan]

Talk about a scam email, first the guy doesn't mention that the bank no longer exists and then he posts a news article about a completely different bank. Wow.

[1geb]

i am sure,we all apperciate it..thx!!!

[ROSAY]

Good morning everyone.

If you're foaming at the mouth half as much as I am about this new pick, you probably want to get right to it. There's a heatwave, are you sure you don't want to talk about that first?

Okay then, let's get to it!

Today's alert is CAPB - CapitalSouth Bancorp.


Here is what they do:

CapitalSouth Bancorp. operates as the holding company for CapitalSouth Bank that offers various commercial banking services to small to medium-sized businesses in Alabama and Florida. Its deposit products include noninterest-bearing and interest-bearing accounts, money market deposit accounts, individual retirement accounts, demand and time deposits, savings deposits, and certificates of deposit. The company also offers loans secured by real estate; loans to individuals for household, family, and other personal expenditures; loans to foreign governments and official institutions; and commercial and industrial loans. In addition, it offers Internet banking services. As of March 10, 2009, the company operated 12 full-service banking offices in Birmingham, Huntsville, and Montgomery, Alabama; and Jacksonville, Florida. It was formerly known as Financial Investors of the South, Inc. and changed its name to CapitalSouth Bancorp. in September 2005. The company was incorporated in 1990 and is based in Birmingham, Alabama.

CAPB is a banking company serving businesses and consumers in Florida and Alabama.

First let me say, I've never found a more perfect company for this kind of alert. This one has a smaller market valuation and is more thinly traded than ANY of my prior alerts of this kind, which means it could possibly fly higher than ever before.

What has me especially excited is that most of my small float opening-bell alerts are strictly based on a hot chart combined with a company I think is able to make gains very quickly. This one actually seems to be GENUINELY undervalued due to being extremely under the radar. They even have fresh positive news that just came out Monday!

In the first quarter of 2010, CAPB had a net loss of nearly $47.9 million. In the first quarter of 2011, CAPB had a net income of $289 thousand.

CAPB went from a LOSS of $47.9 million to a net INCOME of $289 thousand!

Talk about a company that's turning it around and seems to be getting healthy. In a down economy for banks they've managed to successfully sell off some of their branches in order to strengthen their capital position in this market.

Then they dropped some brand new news just YESTERDAY...

http://www.capitolbancorp.com/press/release_2011_07_21.pdf

Basically CAPB has adopted a tax benefit preservation plan designed to preserve substantial tax assets.

CAPB has a very small market valuation. Having something as significant as a greatly improved tax situation could possibly be enough to send this tiny company's share price straight to outer space!

Not to mention the Level 2 screen for CAPB. After the current ask price on the level 2, there is only ONE more price level to break through until CAPB goes...over $1!

If you're familiar with Level 2 trading, you know how amazing this is. If not, in a nutshell it means the runway is clear for CAPB to take off.

With positive news to light the fire, CAPB could be an unbelievable winner.

Most shocking of all is this...back around the time when CAPB was losing near $50 million dollars, it was trading at a much HIGHER price than where they are now...when CAPB is turning a profit!

What that means to me is that CAPB truly appears to be the definition of "undiscovered."


Not enough eyes on CAPB could have caused their incredible rise in profitability to go unnoticed...until now!


Let me once again say CAPB has high flying potential. PLLX gained 3400% in one day, and I like this one even better. Anything that can fly that fast, can crash just as quickly so this alert is suitable only for experienced traders who know how to handle volatile situations. Extra caution, tight stop, book profits quickly, etc. etc.

CAPB is currently trading at a similar price while bringing in a profit, to where they traded when they were losing well over $40 million. This is a one in a million situation! CAPB busted out with recent news about selling off banks to save their capital structure, and now great tax related news that JUST dropped Monday. CAPB has a microscopic market valuation and a level 2 thinner than a deli slice of pastrami. You match that kind of undervalued high potential situation, with a company that can make huge moves at light speed and you have all you need for a world class day-trade.

Word of CAPB is about to spread like wildfire!



PSA - Penny Psycho

[ihogan]

I left a message with someone with investor relations at iberia bank asking what happened to CAPB's stock upon aquistion, I'll let everyone know if I hear anything back

[1geb]

thx, almost sold.. am going to HOLD, one way or the other!!11

[ihogan]

bid is building back up this may just turn into a pure momo play and from the looks of it it has the potential to head right back up with a little more volume

[blue03sidude]

check out the L2...a little volume and this will be right back to where it was this morning.

[1geb]

dunno the fogiest..just got on the MOMO..always follow the monEY...that is all...printin .11, noW...what email....could be P/D or this could EXPLODE...we shall c, SOON!!1 GLTU

[ihogan]

1.2 million shares traded now, very interested. Would you mind posting the email I'm wondering if there is more to this than a p&d

[1geb]

y..because they got an email spam....y r ppl still buying @ .1...considering selling but the biD is stacking up...what is the story here....

[onemessageonly]

You got an email promotion on this? You should put that up. That's insane I can not believe anyone bought this, or is buying it.

[Peggy]

If you were already in before today or were able to get in right at market open you could have made a bundle ... but only if you sold almost immediately.

However, the email promotion I received was date stamped at 9:42AM. Hats off to any who were able to take advantage of this ultra high risk POS.

But now look for the buttheads at StockPsycho to congratuate themselves.

[onemessageonly]

Yeah, and given that about 100,000 shares traded early,that's the only share traded amount that could have made some money, the rest got burnt. This is sad here. People need to be more diligent.

[ihogan]

Hopefully it wasn't just a name mix up but you might be right, and if so all I can say is wow I feel bad for whoever gets stuck holding the bag. Over $100k has traded hands this morning.

[onemessageonly]

I think the OTCmarket web site really screwed up here. But who really screwed up was some that bought this without checking. If some made out on the quick, good for them. Geesh.

[ihogan]

I saw the two names and assumed they were different banks, Capital Bancorp (CBCR) is located in Michigan and has a market cap of about 4.5 million, whereas Capitalsouth Bancorp (CAPB) has a market cap of a couple hundred thousand and is located in Alabama and like you say seems to have gone under some time ago.

[onemessageonly]

Iberia took over those assets :

On Friday, August 21, 2009, CapitalSouth Bank, Birmingham, AL was closed by the Alabama State Banking Department, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

All deposit accounts, excluding certain brokered deposits, have been transferred to IBERIABANK, Lafayette, LA ("assuming institution") and will be available immediately. On Monday, August 24, 2009, the former CapitalSouth Bank locations will reopen as branches of IBERIABANK.

It deregistered, yet shows up as otcqb?...confused?yes.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6509782

I have no idea. Just saw it pop up, very confused in the short term here.

I show two different companies though:

http://www.otcmarkets.com/stock/CBCR/news

http://www.otcmarkets.com/stock/CAPB/news

scary

[ROSAY]

Last time The Stock Psycho pumped a stock, it was followed by a horrible dump, i would stay away for now.

[ihogan]

There had to be a few, and some of them made a lot of money today. Or maybe just got some of their money back, it looks like this took a big dive last year.

[jdog2]

i wonder if anyone was holding on to this before it touched the sky

[ihogan]

wonder whats going on here. still haven't found much, the news listed on pinksheets.com is for another bank with the same name

[ihogan]

dropping hard now, down to .16

[ihogan]

outstanding shares: 4,159,402

[MakinBank]

OMG