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To any potential sellers who are willing to sell below 0.01: please drop the ask to whatever price you prefer (say 0.0011, 0.0015, 0.002, or even 0.009) instead of selling at the bids (0.001 now) which is good to you since you will get more cash proceeds!
I bet if those 0.001 ~ 0.0011 sellers drop the ask to 0.002 which is almost 100% higher all the shares will be slapped at the ask...
I'm wondering who were selling the shares at 0.001 ~ 0.0011? Why didn't they drop the ask to 0.002, 0.003, 0.004, 0.005, 0.006, 0.007, 0.008, or 0.009 instead of selling at the much lower bids?
$68.25M Enterprise Value vs $1.495K MV now! 45652.2-bagger huge potential from here!
598K-0.001 x 10K-0.01 now. Huge bids support which is the 40% of OS!
Wow, the peer stock with 4.37M shares OS and "Caveat Emptor" label but it hit $0.1 today! To match the MV ($437K) this clean normal shell will hit $0.2933...
I'm curious who were selling the bottom shares at 0.001~0.0011? Why?
The peer stock with the similar OS count (1.5M shares) but hit 0.2 already... To match the MV with the peer FBCI should hit the new high $0.2006 or 200.6-bagger from here!
LOL, at the current asking price the stock's entire MV is just $14,958 which is ridiculous low as a clean RM-ready shell!
98K-0.001 x 10K-0.01 now. The next ask is 5K-0.12 (0.115 was the last huge rally's high)!
Wow, the ask just dropped to 0.01 which is the lowest asking price!
0.001 x 0.05 now. The ask has just dropped 87.5% from the previous 0.4!
Only 5K shares ask at 0.1 now. The next ask is 10K-0.65!
Back to 0.001 x 0.1 now. The opportunity to buy very cheap shares at 0.01 is gone!
0.001 x 0.01 now. The ask has dropped to the lowest offering price from 0.1!
50K-0.0011 x 5K-0.1 now. The bid is up 10% now!
0.001 x 0.1 now. The ask has dropped 75% from the previous 0.4!
The current asking price ($0.4) is still a great discount (26.67%) compared to the previous 52-week high ($1.5)! From the historic data and chart the majority of float were bought at $1 ~ $95 area...
To both the buyers and sellers here: you can always raise the bid to buy (say 10K shares at 0.01) or drop the ask to sell (say 10K shares at 0.04) despite the current huge spread!
Considering the Enterprise Value at $45.6275 a share the current ask ($0.4) is still ridiculous low! 114.07-bagger potential from the ask!!
Obviously the MMs have no any cheap shares to sell which is why the huge spread now?
If you are so concern about the huge spread why don't you raise the bid or drop the ask? You can always find the buy or sell orders in between anyway! I did raise the bid to 0.01 and no fill at all...
"every stock market in the world" does not have a 5000% spread like this pig
pretending bid and ask prices are not the current buy and sell offers is untrue
How many times must I post the articles about spreads?
Again, it is a common practice for every stock market in the world: only the last traded price decides a stock value, neither the bid nor the ask! I did try to raise the bid to the significant higher price but still no any fill at all! So one has to raise the bid to multiple pennies or even the sub-dollar area in order to get fill...
LOL, Who recommended it? 0.4 is the lowest offering price from the Level2 which is a fact! Of course you can always raise the bid to buy the shares or you can wait forever at the bid...
the value of the stock is what you can buy or sell it for.
just because it shows in an account as the last price means Zippo!
thank god no one did. but SOMEBODY Recommended it at .40......
LOL, who paid 0.4? That is the ask price only! Nobody bought any shares at 0.4 yet which is the fact!
In this case both the bid and ask could change exponentially. But the stock value is only decided by the last transaction price anyway!
What you're talking about? The ask is $0.4 now! How could someone lose 75%? Again neither the bid nor the ask has nothing to do with the stock value!
wow, $1000!
but a few days someone said pay .40 cents and now it's .001....
hmmmm
At the bidding price I'm willing to risk my money to buy up to 1M shares! Please sell at the bid ASAP if anyone wants to bail now...
at least they'd get something whereas buying it GUARANTEES a 75% loss
LOL, so anyone that sold at 0.0011 according to the fabulous recommendation would lose over 99% potential gain! fantastic, huh?
IF anyone had paid .40 per the reco here they are down 75% already, and that's just the ask price. Still down 99% at the bid
ouch
so anyone that bought at .40 according to the fabulous recommendation would be down 75% already
fantastic, huh?
980K-0.001 x 10K-0.115 now. The next ask is $0.4!
During the maximal volume day in history FBCI surged to $0.115 with 146,440 shares volume! However the MV at $0.115 is still joke low $172K...
That will happen soon! Which is also why the big spread. Large and consistently accumulations recently as I could tell...
if it's so "ridiculously" low why wouldn't people buy it all up?
LOL, this stock has only 1M shares OS and the float available for trading is less than 150K shares! How could you expect the normal spread after years of sell-off at the ridiculous low price levels?
If you start to see the bid and ask prices drift widely apart, you should take note. A large bid-ask spread perhaps indicates light trading in a stock, which may indicate the pool of investors interested in trading the stock is dangerously small. Light trading volumes can result in you paying too much for a stock or not getting a very good price when you sell.
What exactly is false about paying .40 for this and the bid being 99% less at .001??
Please edify us about bid / ask spreads since all the factual links I have posted aren't quite hitting home.....
Totally and completely false. Check my previous posts for the details! It's BASIC TRADING 101 anyway...
First Banking Center (FBCI)
0.0011 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.001 0.4
The all time high ($95) is 237.5 times of the current offer ($0.4)! Here is the calculation: $95 / $0.4 = 237.5! So potential 237.5-bagger from the ask...
Again, only the last price (not the bid/ask price) can decide a stock value! If you buy the shares at the ask you won't lose anything at all since the last price will be the same to the ask price unless someone else sell some shares below the ask price to push the stock price down... This is a common practice in the world!
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Business Summary |
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First Banking Center, Inc. operates as the holding company for First Banking Center, a regional bank. The bank offers a range of banking services, including loans, personal banking, trust and investment services, and insurance and annuity products. Its lending services include commercial lending, such as commercial property financing, equipment and inventory financing, and real estate development, as well as financing of agricultural production, farm equipment, and farmland and consumer lending services. The bank's consumer lending primarily includes residential mortgages, residential construction loans, installment loans, and home equity loans. Personal banking services include savings plans, certificates of deposit, checking accounts, individual retirement accounts, and other services. The bank?s trust and investment services include investment advisory, custodial, executor, trustee, and employee benefit plans for individuals, corporations, and charitable organizations. Insurance and investment products include life insurance, as well as long term health care, fixed and variable rate annuities, mutual funds, securities services, and discount brokerage. The bank was incorporated in 1981 and is headquartered in Burlington, Wisconsin.
First Banking Center, Inc.
400 Milwaukee Avenue
Burlington, WI 53105
United States - http://maps.yahoo.com/maps_result?addr=400%20Milwaukee%20Avenue&csz=Burlington%20WI%2053105&country=United%20States
Phone: 262-763-3581
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Pay | Exercised | |
Mr. Brantly Chappell , 60 Chief Exec. Officer, Pres, Director, Member of Nominating Committee, Chief Exec. Officer of First Banking Center and Director of First Banking Center | 276.00K | 0.00 |
Mr. James Schuster , 55 Chief Financial Officer, Principal Accounting Officer, Chief Financial Officer of First Banking Center and Director of First Banking Center | 117.00K | 0.00 |
Mr. John S. Smith , 54 Sec., Director, Member of Nominating Committee, Pres of First Banking Center, Trust Officer of First Banking Center and Director of First Banking Center | 139.00K | 0.00 |
Mr. Robert P. Reynolds , 46 VP of HR and VP of Retail Banking | N/A | N/A |
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