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"At December 31, 2011, the Company has federal and state tax net operating loss carryforwards of approximately $495,000 and $2,769,000, respectively. The federal tax loss carryforward will expire through 2031, unless previously utilized. The state tax loss carryforward will expire through 2029, unless previously utilized"
db - Do you know how many of these empty banks I drive by daily?
guess they were listening ;) j/k, -->
db7 Friday, May 17, 2013 4:35:27 PM
Re: db7 post# 10 Post # of 13
i keep hoping they sell this property and do a divy and then reuse shell.... if they are going to keep leasing it out.. i sure hope we get a divy
from 10k..and why i've been accumulating:
"As of the filing date of this Report, we are engaged in active discussions with several potential purchasers of the Building, all of whom are financial institutions that would occupy the Building and use it as a branch. The potential purchase price being discussed would exceed the outstanding principal balance with respect to the Building Note. Were the Building sold to any of these potential purchasers, the net proceeds would be distributed to the shareholders as a dividend.
Management is also considering using the Company's potential status as a fully reporting public company to engage in a transaction in which a carefully selected privately held operating company would merge into the Company, i.e. a reverse merger. As a result of such a merger, whether or not the Building would in the meantime been sold, voting control of the Company would be held by the shareholders of the operating company. As stated elsewhere in this Report, subject to forbearance by the SEC, this Report and the filing by us of the other delinquent reports under the Exchange Act are designed to restore the Company's fully reporting status so that it can act as a viable merger candidate.
"
i keep hoping they sell this property and do a divy and then reuse shell.... if they are going to keep leasing it out.. i sure hope we get a divy
looks like Bank of the Ozarks is in there now? http://www.bankozarks.com/bradeton-fl.php
Time & Sales
Price Size Mkt Time
$0.0700 500 OTO 05/16
$0.1000 5,053 OTO 05/08
$0.1000 1,000 OTO 05/08
$0.0781 1,102 OTO 05/08
$0.0751 345 OTO 05/08
$0.0500 6,495 OTO 05/02
$0.0100 250 OTO 04/26
$0.0050 1,602 OTO 03/26
$0.0050 1,000 OTO 02/22
$0.0100 1,100 OTO 02/01
$0.0100 1,996 OTO 02/01
$0.0110 200 OTO 12/06
$0.0010 325 OTO 12/06
$0.0400 345 OTO 11/09
$0.0300 345 OTO 11/02
$0.0300 102 OTO 10/22
$0.1200 1,000 OTO 09/21
$0.0350 400 OTO 08/22
$0.0350 200 OTO 08/13
$0.0350 200 OTO 08/10
$0.0350 5,600 OTO 07/26
$0.0400 300 OBB 05/09
$0.1200 4,400 OBB 05/08
$0.1000 4,400 OBB 05/08
$0.0402 300 OBB 05/04
$0.1000 1,000 OBB 05/01
$0.1000 300 OBB 04/30
$0.1000 500 OBB 04/30
$0.1500 10,000 OBB 04/18
$0.1000 1,725 OBB 04/17
bids been stacking up lately by multiple mm's... wonder what's up (if anything)
If you bought it as a shell - you know exactly what you bought.
GLTU
ok thanks.. i bought is as a shell play avg'd at .10 ..... g/l!
It was a failed bank holding company (1 branch). They failed during the housing crisis. From my local recollection it was due to bad loans to "people with connections". Anyways, the same peeps now only own the building where their bank once was.
Hi Ernie, i started this board, care to elaborate on 'fi scammers'? thanks!
Just another Fl scammers bank failure. Assets have been sold off, I think the only thing left is possible jail time for management.
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