Coastal Bancshares Acquisition Corp (CBASW)

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IPRE-Paramount

11/03/06 2:44 PM

Post #4

I think today we have hae a nice run . let's take $$ out from the Warrant .
gltall.

IPRE-Paramount

11/03/06 11:45 AM

Post #3

Re: #2: @claudio - In couple a days trading we will see

Hi,on 26 oct:no merger voted ==>Liquidation.
When liquidation date (7th dec 06) CBASW holder can not participate to liquidation asset : means this cbasw is zero 0 $.
this CBASW can gap up for real , if co continue its biz.
Do you have inside info the co can still continue the biz?

claudio

11/03/06 10:30 AM

Post #2

In couple a days trading we will see 50 cents.eom

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Coastal Bancshares Acquisition Corp (CBASW)

Followers	0	Posters	2
Posts (Today)	0	Posts (Total)	4
Created	10/06/06	Type	Free
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Coastal Bancshares Acquisition Corp. .Nov 02 2006:Warrant CBASW closed @0.007 (up 100%): speculative and very high risky money here. .Nov 03 2006 : the warrant is having its Intraday momentum . Important Note : Holder of warrant will not benefit from co' liquidation. --- Coastal Bancshares Acquisition Corp. Announces Results of Stockholder Meeting THURSDAY, OCTOBER 26, 2006 12:43 PM HOUSTON, Oct 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Coastal Bancshares Acquisition Corp. (CBAS) (CBAS.U) (CBAS.W) ("Coastal" or the "Company"), a public company organized to complete a business combination with a commercial bank or bank holding company, held its stockholders' meeting today related to the approval of the Agreement and Plan of Merger between Coastal, Coastal Merger Corp., a wholly-owned subsidiary of Coastal, and Intercontinental Bank Shares Corporation. The stockholders of Coastal did not approve the transactions contemplated by the Merger Agreement. As a result of the outcome of the vote and provisions in Coastal's certificate of incorporation, Coastal's Board of Directors has determined to proceed with the liquidation of the Company. SOURCE Coastal Bancshares Acquisition Corp. Cary Grossman, Chief Executive Officer of Coastal Bancshares Acquisition Corp., +1-713-722-7808, or cgrossman@cmgrossman.com --- CBASW