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FRGB changed to FRGBQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/10/2013&mkt_ctg=NON-OTCBB
GREY MKT
Contact Info
1801 Century Park East
Suite 800
Los Angeles, CA 90067
Phone: (310) 552-1776
Update Company Info
Business Description
Not Available
Financial Reporting/Disclosure
Reporting Status SEC Filer
Latest Report Not Available
Regulatory Agency Not Available
CIK 0000356708
Fiscal Year End 12/31
OTC Market Tier Grey Market
Profile Data
SIC - Industry Classification 6022 - State commercial banks
Incorporated In: CA, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Not Available
Company Directors
Not Available
Company Notes
Formerly=Great American Bancorp to 12-87
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
FRGB Security Details
Share Structure
Market Value1 $11,834 a/o Sep 21, 2012
Shares Outstanding 11,833,616 a/o Nov 04, 2008
Float Not Available
Authorized Shares Not Available
Par Value No Par Value
Shareholders
Shareholders of Record 1,500 a/o Mar 17, 2008
Corporate Actions
Ex. Date Record Date Pay Date
Dividend (0.00) Aug 22, 2006 Jul 31, 2006 Aug 21, 2006
Security Notes
Issued=1-82 per reorganization of Great American Bank (Century City, Calif.) Basis: 1 for 1
Note = Delisted from NASDAQ on 02/10/10
Capital Change=shs increased by 3 for 1 split. Ex-date=08/22/2006. Rec date=07/31/2006. Pay date=08/21/2006.
Short Selling Data
Short Interest 7,500 (0%)
Aug 31, 2012
Significant Failures to Deliver No
Transfer Agent(s)
BNYMellon Shareowner Services
This shit isnt going anywere
There's ten bucks well spent, up 3233.33%
Looks like it's dead to me.
So were is this going now that its shot????
Want some good reading look up what mgt was getting paid.
It is insane what mgt salaries have become while for most American it is going down. My son is a commercial pilot and he may as well be trucking driving. 42,400 factories left the country between 2001 and 2009, corporate salaries went from a 25 multiple to hourly wage to something like 400. .
A bit off topic but there is nobody here anymore. Interesting article.
http://www.dailyfinance.com/story/disturbing-statistics-on-the-decline-of-americas-middle-class/19676292/
I bought in on 10/20 at .028 ON THE TAIL END OF THE RUN DOWN. I put in a sell order the next day for .03 and thought that I would never see that money again for a while. Then I was checking on my stocks yesterday and someone bought my shares and gave me .05 for them. That's the first time that anyone has given me more than I asked for a stock. Go figure!
probable not..
you should've bought yesterday..<> imo
I was wondering the same too.I happened to be watching when it started acting crazy in the morning.It was at an unbelievable 0.19 cents then!I scrambled trying to find the reason for it.Thank God I'm slow with my fingers,by the time I tried putting in a buy order,it came down fast.Got some at 0.06,0.05 & then 0.02.But I'm not sure it was a wise thing to do.
View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Sep 30, 2009 Jun 30, 2009 Mar 31, 2009 Dec 31, 2008
Total Revenue 25,728 26,988 30,314 36,269
Cost of Revenue 8,117 9,538 11,275 12,539
Gross Profit - 18,729 19,039 23,730
Operating Expenses
Research Development - - - -
Selling General and Administrative 18,008 19,043 16,490 14,886
Non Recurring - - - -
Others 13,462 101,005 7,500 27,416
Total Operating Expenses - - - -
Operating Income or Loss - (30,269) (4,951) (18,572)
Income from Continuing Operations
Total Other Income/Expenses Net - - - -
Earnings Before Interest And Taxes (13,859) (102,598) (4,951) (18,572)
Interest Expense 722 873 986 1,467
Income Before Tax (14,581) (103,471) (5,937) (20,039)
Income Tax Expense - 7,311 (2,700) (8,994)
Minority Interest - - - -
Net Income From Continuing Ops (14,581) (110,782) (3,237) (11,045)
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (14,581) (110,782) (3,237) (11,045)
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($14,581) ($110,782) ($3,237) ($11,045)
Do you still have your 600k shares? Maybe its coming back from the dead?
Will the bankrupt bank hit the bottom 0.009 again? I do think so. It
is heading onto the new low 0.005 or even 0.001 as HRZB did. Sell at
the bid ASAP before it is too late! The MM's game can create 0.0001!
Look like you are every board trying to bump WLKF. prove me that WLKF is a real company and its potential ?
I got ride of my banks too. Soon as this gotten got wiped out I sold everything else. I got hammered on this. All that activity(volume) leading up to this was probably those in the know covering shorts and liquidating. Was a pisser.
yep.. that's why I took what they gave me @ .05 when it opened. Took a bloody bath on this POS.. phuck the FDIC>.. staying out of all banks... even DEAR
What happened today? The support 0.04 was broken. Now we have only a
support 0.01 which will be tested very soon the trend continues. Can
FRGB drop to 0.015 since CBBO dropped to .025 from the pre-CHx 0.49?
Finally this bank stock bottomed out at 0.01 with strong supports at
0.04 and 0.05! I am enjoying the small profit today by selling some
shares at 0.06 ~ 0.1 and will make big money if I can sell out all my shares (1.2M shares) tomorrow or the day after tomorrow. Please
buy the shares at the asking price only ASAP and I promise to sell my shares at the ask only so that the price can keep go up.
TheInvesibleHand,
If you follow him and do the opposite of what he says he is doing then you can make some decent money. I actually follow him and have made some decent money just by doing the opposite of what he says he is doing. Lol.
Man you have no credibility why post you said yesterday you sold now you say you bought, don't you realize what you wrote yesterday is still there for all to read.
I'm done posting here hate when people lie.
Added more cheap shares at 0.04 ~ 0.05 yesterday & today! I may sell
my 1M- shares at 0.06 ~ 0.1 to realize the big profits soon. Please
do not sell your shares at the bid to avoid breaking down 0.04...
I am glad to have purchased 600,000 shares at 0.01 ~ 0.05 yesterday!
I bet it is already bottomed out at 0.01 and will rally to 0.1 today
so that I can sell all my shares at 0.06 ~ 0.1 to make quick profit!
Please do not sell your shares at the bid! Buy at the ask only ASAP!
Man what are you smoking? This thing is going to bounce.
It hit .01 because some moron put a market order in there was only 3300 shares sold there not the 100k you claimed. How many shares do you supposedly have.
If you are a value investor why would you sell at .01 when its worth way more then that.
Insiders own 35% of only 12 mil share os, but you are selling at .01 to funny.
do you realize the shell alone is probably worth .20+
If i could buy all 12 mil shares at .05 I would you can't even buy a bb shell for too much cheaper not to mention the holding company and the insiders have a vested interest In restoring the value here. Keep in mind they own most of the shares, and these are the same people who were making millions a year. They are licking their lips as you sell at .01, but my all means please sell.
New 52-week low 0.01 was created today as I predicted last night! So
far only about 100,000 shares dumped at 0.01 anyway. I sold part of
shares at 0.1 ~ 0.125 and some shares at 0.07 ~0.09. Hopefully I can get rid of the rest shares at 0.05 ~ 0.06 to avoid selling below...
Don't know but they took my shares. Perhaps it is shorts..
i wonder who is buying? hmmmmm
I sold all @ .05..
oh well, all we need is some action now......
Apparently it has gone to pink. Yahoo shows the message below when entering frgb.
"Changed Ticker Symbol
FRGB is no longer valid. It has changed to FRGB.PK. "
New Yahoo page for FRGB.PK can be seen at:
http://finance.yahoo.com/q?s=FRGB.PK
The short position is so big in FRGB that it will be absolutely impossible for the stock to trade as low as .01 when it starts trading again IMO.
This bankrupt bank stock will hit the new low 0.01 or even 0.001 if it goes to the Gray Sheets instead of Pink Sheets. HRZB is a perfect
example: halted for over ten days then the first day hit 0.001. If they file the CH7 then the price may go to 0.0001. I wish I can sell
out my big position at 0.01 to avoid selling at 0.0001 ~ 0.001...
No idea man, just waiting like everyone else.
Any idea on when FRGB will start trading again? One good thing is that all the shorts will need to cover so that should help out the price for a little bit IMO.
Yeah, they may emerge from this without having to go that option, but safe to say this will trade at least a fraction of what is currently is trading at IMO.
Thats good to know. Hopefully it will start trading again next week. I still think its strange that the holding company has not filed BK.
CBBO just came off of their halt, and they were another T12 halt like this one. Perhaps this halt will be removed soon as well and we can at least try and recoup something.
FDIC regulators had been in their offices for months reviewing every deal they did or wanted to do
The company would have requested a halt
Well, earnings would have come out yesterday, Monday 2/1/10
Typically,this stock would have had a run up Friday in anticipation of yesterdays earnings date. They didn't want that increase in liability(higher PPS) IMO.
I am inclined to think the bank had something to do with
the halt in their anticipation of FDIC seizure. I don't
think Nasdaq halted without First Regional saying something.
FDIC comes without warning....I don't think so.
The halt was pre-meditated IMO
From Yahoo Board:
"It is very unusual (and perhaps unprecedented) for the stock to get halted PRIOR to the announced seizure of our bank. Officially, the FDIC seizure occurred after the close of business on Friday afternoon, January 29 -- yet shareholders had no liquidity the entire day. Could NASDAQ be held liable for this action? Was the exchange provided advance notice of the seizure? How were they justified in halting the stock? Shareholders suffered substantial damage due to their lack of liquidity on January 29 -- and the very news of the halt could have itself caused a "run" on First Regional deposits. Something was bungled very badly here."
Still no update from the company?? Whats the hold up, can it get any worse for shareholders. Lets see a PR or something.
Feel bad for the employees...LOL
They all still have jobs. Nothing has changed for the actual bank operations except a change in company logo and mailing address for HQ.
What a joke. Look at the Director, Chief counsel, ... with the same last name were paid in 2007. And now it is worthless? The pay and bounses is in the millions. But hey...
We feel so bad for our employees. I bet you do. It just doesn't stop.
I read on the yahoo board way back about this. I didn't forget it , but this collapse caught me flat footed. The FDIC looked at this garbage and put them out of business. That is what happened.
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this board is dedicated to the regional banks and our specific one in particular and shall attempt to dispense information and guidance as to the greatness of this bank and all that invest....
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