The Colonial BancGroup, Inc (fka CBCGQ)

[lasernat]

Here is the link

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/23/2010&mkt_ctg=NON-OTCBB

[lasernat]

This is on the daily list for deletion tommorrow, nice ibox job though, whew I was getting ready to play this ...

[Double E]

Suddenly up 64%?

[UNITED]

I agree, 'cause 900 mil. from FDIC will throw them to 1 and more $.

[UNITED]

This ar MM games, nothing else.

[Value_Investor]

New 52-week low 0.0045 was created today! Sell the CH11 pos scam at
the bid ASAP before it hits another new low 0.003 or even 0.002. By
the way do you know when will the company cancel the common shares?

[sf]

sounds like the fdic took them down too like in the wamu case. signing confidentiality agreements was a stipulation in that case too. something seems fishy here. im buying more because the facts just do not add up in why this bank was taken down.

[UNITED]

Hi at all,

I found this notice from 11/15/10:

SEC Revokes Registration Of Securities Of Colonial Bancgroup
11/15/2010
On November 15, 2010, an Administrative Law Judge issued an Initial Decision in Colonial Bancgroup Inc., Admin. Proc. 3-13967. Colonial Bancgroup Inc. (Colonial) is a bank holding company with securities registered with the Securities and Exchange Commission (SEC) that had a subsidiary, Colonial Bank. The State of Alabama Banking Department closed Colonial Bank on August 14, 2009, and the Federal Deposit Insurance Corporation seized Colonial's assets. Colonial filed a petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Alabama on August 25, 2009. Colonial admitted that it had not filed annual and quarterly reports with the Commission as alleged in the Order Instituting Proceedings and that it wanted access to the investigative file for purposes of the bankruptcy proceeding. The Administrative Law Judge found that the Division of Enforcement's (Division) condition that Colonial sign a confidentiality agreement before reviewing the investigative file, parts of which had been obtained from other government agencies, was reasonable. The Initial Decision granted the Division's Motion for Summary Disposition and revoked the registration of each class of Colonial's registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

http://www.realpennies.com/otc/CBCGQ

GLTA
- UNITED -

[Value_Investor]

New 52-week low 0.0047 was created today! Sell the CH11 pos scam at
the bid ASAP before it hits another new low 0.004 or even 0.0025. By
the way where did you find the company may cancel the common shares?

[absurd]

Hmmm, so what the deal here?

Did we get the proverbial final nail in the coffin yet?

From what I can tell, this stock still had a few million in cash/assets and had just won a fairly significant lawsuit against the FDIC. Then there was a filing suggesting that the SEC will delist all shares.

That was a few weeks ago, and its still trading with daily volume. What gives?

[hdsstocks]

Yes Bourbon street is still here! I am not sure about highlands...what'd you major in? I'm almost a junior now, love it...

[Da Stock Alpaca]

War Eagle! I remember when i was there for college back in 1999 that there was a Colonial Bank on Gay St. I haven't been back down to the Plains in a few years though. Is Highlands and Bourbon Street still there? Man I miss college!

[HDOGTX]

Taken over by FDIC in BK, some developments playing out, gotta watch and see how it unfolds!

[hdsstocks]

I live in Auburn right now (AL) going to college here and i've seen a colonial bank or 2 when I drive through montgomery! Whats the deal here, were they bought or what?

[HDOGTX]

Nice DD Double, thanks!!

[Double E]

From the bottom of filing:

ATTACHMENT A


The Colonial BancGroup, Inc.
(Parent Only) Consolidated Colonial Bank Consolidated Colonial
BancGroup
DR CR DR CR DR CR
148156000 EQUITY INVESTMENT IN COLONIAL BANK 293,057,776 —

TOTAL IMPACT TO ASSETS 293,057,776 — —

3003000000 BANCGROUP PREFERRED STOCK 300,000,000 300,000,000
3203010000 ADDITIONAL PAID IN CAPITAL — 293,057,776 —
3203014900 PREFERRED STOCK ISSUANCE COSTS 6,942,224 6,942,224
3503010010 REIT PREFERRED, CLASS A 300,000,000 300,000,000
3503010020 REIT PREFERRED ISSUE COSTS 6,942,224 6,942,224

TOTAL IMPACT TO EQUITY 293,057,776 — —




Case 09-32303 Doc 971 Filed 11/03/10 Entered 11/03/10 14:13:07 Desc Main Document Page 20 of 21

[$pmlg]

for chart read, you know where to LOOK (0) $%^ (0)

for those learning , and wanting to know how to read Resistance and Support...

GO TO....()kidding()...see link

http://investorshub.advfn.com/boards/board.aspx?board_id=17524

[Founder77]

Yeah I agree....watching it closely myself as well. Will be looking over that 8K myself as well. Just wanted a ruff idea of what others thought.

[HDOGTX]

Will just have to watch for market reaction, it appears the stock was up a little today, really havnt had enough time to work through the whole filing yet!!

[Founder77]

So what do you think about that part? I read it a little myself, not that smart on this stuff. But I know a little.

[HDOGTX]

CBCGQ 8k Out Seems interesting, here is a part I found interesting:

http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=CBCGQ&storyid=201011031723TENKWIZ_SECEDGAR_7221023&provider=TENKWIZ_&product=SECEDGAR


NOTICE OF FILING OF THIRD AMENDMENT TO SCHEDULE B - PERSONAL PROPERTY

The Colonial BancGroup, Inc., as debtor and debtor in possession herein (the “Debtor”), hereby gives notice of its filing of the attached Third Amendment to Schedule B - Personal Property, in which the Debtor (i) strikes the Attachment to Schedule B - Item 13, as amended [Doc. No. 655, pg. 2], in its entirety and substitutes in lieu thereof the attached amended Item 13 for the purpose of providing information regarding the Debtor’s possible ownership interest in CBG Florida REIT Corp. and (ii) strikes the Attachment to Schedule B - Item 21, as amended [Doc. No. 854, pgs. 2-5], in its entirety and substitutes in lieu thereof the attached amended Item 21 for the purpose of providing an update on the Debtor’s recent tax filings and information regarding the Debtor’s possible claims arising out of the disposition of the preferred securities of CBG Florida REIT Corp.

[Wildcard]

hey hdogtx, what is the plan with this company/stock. I hold abour 1k$ with at about .02 cents. Is this thing dead or is there some future.

[remmy]

If the SEC didn't eminent domain the stock out from under us, I was willing to hold as long as necessary. Never seen that 12J ruling before. Looked it up. Unbelievably rare. Other bankrupt banks fighting the FDIC such as wamu have not had such a ruling issued. Maybe the SEC under Obama is being more aggressive? Must say, not a fan of this particular ruling. Private property rights anyone?

Anyway, I was willing to hang in there for an extra couple of weeks after the ruling. But with the prospect of a 100% loss hanging over this stock like the sword of damocles, it made holding it untenable.

Oh well, time to move on. I just hope the SEC doesn't follow me to my next stock. (ha ha)

Best of luck everyone!

[CdoubleU]

I SIGNIFICANTLY reduced my position also . . . only decided to hold on to about $50 worth.

SO SAD :(

[remmy]

To let you guys know, I just sold my position. Super low volume made me think it might not have enough energy to push back up. Even low sell volume requires SOME buy volume.

This thing could still hit .02 again or more for those of you still holding. It's just that the risk reward nexus shifted in my mind such that I think there are safer plays elsewhere.

[CdoubleU]

Thanks remmy. This thing worries me . . . we'll see what happens!

[remmy]

CdoubleU, yes, that's good news and completely expected.

Last week, sell volume was high while buy volume was low. From now on, it will be the opposite. Everyone who wanted to sell, sold last week. No one wanted to buy last week except for me and a few crazy people.

Seriously, I knew it would have been safer to buy in today rather than last Friday. But I also knew I could fill my order at .011 on Fri but probably pay more like .015 this week. And that's what happened. I got my entire order filled on Fri and today the ask spent most of the day at .015. That could change. And for those of you with orders waiting at .01, I hope you get it on a dip.

But the problem is, sell volume is now almost non existent. Plus, this stock is cheap. (Not a good value, just cheap.) Add the two together, and small buys can move this up fast. Think about it. If just 5 people worldwide decide to put in $5K, that would be about 1.5M shares in buy orders. At these low volume levels, that should push the stock up to .02 instantly. And .02 would get peoples attention and could create another buying wave up to .025 maybe.

But it's very premature to call such a move at this point. First, we'll need to see a bid .015, ask of .016. Then I might make such a call as possible or even likely. But not yet.

[CdoubleU]

According to I-Hub trades, looks like "buys" are totally outnumbering the "sells" by a considerable margin. Any thoughts??

TIA

[Double E]

Thanks for that post. Wish more people would lay out their reasoning - it helps us all.

[remmy]

Reloading at .01. I had an order sitting patiently at .008 just in case. I was hoping it would drop down a bit more, but there seems to be quite the roadblock at .01. I moved it up to .011. Got about 500K. Hoping to get another 500K at the open tomorrow. Even if it drops down to .008 by Fri aft, I'm happy at .01.

If anyone is curious, my play on this is .01-.02. Maybe .025. Will know more over the next couple of weeks. Personally, I don't think it's wise to hold this until Nov 18. If it's still chugging along, it might pop dramatically. But that seems a bit too risky to me at this point. I'm a simple guy. A quick 100% on two or three go arounds and then move on. :)

[Bigstud is here]

HDOGTX- If you like them at 2¢, you should really like it at penny.

[stockchaser]

Is this thing dead?

[remmy]

I carefully read the 8k. It says the SEC has the right (but not obligation) to halt trading and/or revoke the shares at anytime. I noticed the ruling was signed and approved on 9/20 with the 8k being filed on 9/22. It's now 9/28 and the thing traded all day again.

The 8K made it sound like the shares were to halt trading immediately. The 9/23 sell-off was therefore quite understandable. But it did not halt yet. A week has already gone by. Will it last two weeks? A month? 6 months?

But I do remember reading all these articles demanding that the old GM stock be canceled immediately because "idiots" kept trading it. Well, here we are, 18 months later, and it still trades everyday under it's Q symbol of mtlqq.

So what's my point? Suppose this thing does play for another 3-6 months? None of us are looking for a 5 yr play here. I feel like I can read this stock pretty well at this point and am still going to watch it for signs of life. All I know is I rode it up from .015 to .03 the last time it was pronounced dead and I have this feeling that, though given a death sentence, this old girl might have another trick up her sleeve yet.

[copaco2007]

This is going down the tube...Im defenitly out...Charts , News and pattern trading says it all...its a pos...

[skidstreet]

Yes I suppose but they would have to go through the process of registering with the SEC again and listing on the exchange.

[hestheman]

If they did get revoked from trading right now....is it possible for the stock to come out of revocation and trade much higher?

[skidstreet]

A revokation in no way would mean the shares are worthless only that they couldn't trade on any exchange and that makes it difficult to buy and sell. You'ld basically own shares in a private company.

[skidstreet]

Yup. Sounds to me like the company is going along with the SEC recomendation to revoke. Of course I'm no legal wiz and could be wrong but I wouldn't be surprised to get up one morning and find this with no bid. Respondent = the company = CBCGQ right? From the 8 K:

"On the basis of the foregoing, Respondent hereby consents to the entry of an Order by the Commission that:

Pursuant to Section 12(j) of the Exchange Act, registration of each class of Respondent’s securities registered pursuant to Section 12 of the Exchange Act be, and hereby is, revoked.

V.

By submitting this Offer, Respondent hereby acknowledges its waiver of those rights specified in Rules 240(c)(4) (subject to the Commission’s acceptance of the Offer) and (5) [17 C.F.R. §201.240(c)(4) and (5)] of the Commission’s Rules of Practice. Respondent also hereby waives service of the Order"

Be careful guys. My gut says there are better risk/reward plays out there.

[Bigstud is here]

This dont look good. Section 12(j) Proceeding to Revoke the Registration of the Company’s Securities. 09/22/2010 CBCGQ: Filed New Form 8-K

[funkyarizona]

I rode a small wave and got out. Not a clue what to do here. Would have to hire a legal team to guide me. Can anyone summarize what is going on here??

[e5bravo5]

wow, nice buy down opp.
I'm still in and standing firm. If anyone thinks this might go away. Then all those p-purchases would end up being worth crap too. everyone would end up in a bust. Nah, monies are to tight in this market for the real investors (not the commons) to lose. they just won a major case against the FDIC. The SEC is just the fed-way to flex some muscle on being sore losers. Nah, I think I will tag along for the ride. I have to admit that it is a risk and i know i have been wrong before.


E5

[restripe]

or you can lose it all,not many come back when they say wipe out

[TOUCAN]

with these Q's requires alittle patience, but the rewards also can make up for it.

[CdoubleU]

I'm still in! Not the type to cut a "good ride" short, waiting for the climax (hope it's not disappointing)!!

GLTA!