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BTW, I'm not convinced that the "Attorney Letter with Respect to Current Information" was to reassure ihub investors This would be required by anybody wanting to buy the company.
I'm not even thinking about selling. There is to much at stake here for both the BOK and MYEC. I will hold as long as they are expanding there client base. We don't know the details of the agreement between BOK and MYEC. There could be a buyout agreement depending on expansion with a percentage going to Ed. We just don't know. But something is driving the stock of BOK up!
Patience!
Jealousy is a b......
I don't get my DD here or from any message board! This is purely for my pleasure that I post or read anything here! I do appreciate the guys that make public any DD that they find. But it's on my own DD that I bought. And there is a lot more then meets the eye here.
I play with toy money here in penny land! I have a tent and and a tricycle already
This will take more than a month. Like I said not your typical penny play. I could have sold for real profit today, could have bought a nice car, house for that matter! But I'm holding for true value!
Really? This is not your typical penny! Some people are playing it that way, thus the reason for price fluctuation! But this will See dollars!
I wonder how busy the phone lines are between the MMs today with MYEC being the topic!
A lot of flippers here today! Hopefully gone tomorrow! Then this will continue its slow rise to 1.00 and above.
Give up!!
4-5 dollars by EOY
This is not "shorties" play! This is for real investors. Don't treat this like a normal penny play or you will get left behind.
Wow I have never had so many concerned people that care about me! So many PMs trying to scare me into selling! I've done my DD people so quit waisting my time! .
Was that you with 3114 shares
You mean sell so I can get back in don't you?
I changed courses on this stock after I did some real DD on it and the Bank Of Kentucky. There is a lot more going on behind the scenes of these to companies. This is not a stock to flip. They had great revenues early on before the bank they were associated with went under. This is not a pump and dump! A few here are trying to make it into one, but its not. There is plenty of DD here to support what is happening here. Lots of new retailers putting their echeck system on there website as a means of paying for goods or services. None of which is being pumped by the MYEC. As for the CEO dumping his shares! Well remember Martha Stewart?
Don't let them bother you! If I wanted in I would do the same
When you see a bank with the reputation of BOK buy into this process! Something is going on!
Some real desperate moves here!
As long as they can keep the gap between the ask and bid the MMs are in control. When the gap closes it will be over for those who did not get in!
I agree the rapidly changing bid and ask are slowing down.
The bid is getting closer to the ask!
That's such a boring trick! Try something more original
The more exposure the more crazies!
You really are trying to get in cheap!
MYEC is our play! We don't need it pumped or promoted!
If you can see level 2 and see the random changing of the bid and ask changing so fast. That's MMs trying to control it. Somebody is caught here and trying to cover without losing their shirt!
A lot of people trying to hold this down!
Yes maybe some flippers will take a profit. However past history and the benefit of this company to BOK makes it a real investment. This will be in the dollar range by end of year.
If this doesn't get bought out, which I hope it doesn't at this price. It will be 4 to 5 dollars by the end if the year!
There should be no power hour with this stock! It's better than that! Slow and steady!
Slow and steady people! The flippers will soon get bored and move on.
We don't want any flippers! Do your DD and hold!!!
I've been saying watch BKYF, they need MYEC or want it as much as MYEC needs them.
The latest info in that is march 30, 2013. No different then the first Q report.
This is 2012 news but gives reason for me to believe that MYEC might be a good risk!
Steve Watkins
Staff Reporter-
Cincinnati Business Courier
Email | Twitter | Google+ | LinkedIn
Bob Zapp’s jump across the Ohio River is working out better than even he envisioned.
Zapp, CEO of Bank of Kentucky, in January opened a downtown Cincinnati branch, the bank’s first outside Northern Kentucky. He wanted to create a foothold in Ohio because it was the nearest growth market that his bank hadn’t tapped yet. The bank has 32 branches and the leading share of bank deposits in Northern Kentucky’s Boone, Campbell and Kenton counties.
After four months, Zapp considers the downtown branch, at Fourth and Walnut streets, a success in terms of deposits and loans. And he’s looking to open more Ohio branches and has an eye on acquisitions in the Buckeye State.
“I’m surprised and happy,” he said. “It’s gone as good as I could’ve dreamed of.”
Bank officials are actively looking for sites to open a couple more branches in Southwest Ohio. Zapp wouldn’t name prospective locations, but he said the bank will likely try to cluster the first locations in a given part of town, likely in the eastern half of the region. He mentioned the Hyde Park/Mount Lookout, Kenwood/Montgomery/Madeira and Eastgate areas as possible places for near-term growth.
“I think before the end of the year you’ll see us doing something, and hopefully sooner than that,” Zapp said.
He’s also looking to acquire a few branches in Southwest Ohio, either by buying a smaller bank or purchasing a portion of a bank’s branches. He said he hasn’t talked to any bank officials about buying them, but he’s confident opportunities to pick up small banks will arise.
Those aggressive growth plans stem from the early success downtown. Zapp targeted Ohio because Bank of Kentucky has grown about as much as it can in Northern Kentucky, he said. It has $1.3 billion in deposits and 23 percent of the market share in those three counties. It also has business customers in Ohio who have gotten loans from the bank. So Zapp decided to try stretching across the river with a branch.
“This was just a way to stick my toe in the water,” Zapp said.
The test worked. The bank has opened more than 900 accounts in the downtown branch’s first four months. It has gathered nearly $12 million in deposits – about half as much as some of Bank of Kentucky’s smaller branches – and generated $4.5 million in loans. Importantly to Zapp, none of those are from existing bank customers.
‘Ahead of plan’
“We’re a good bit ahead of plan on deposits and we’re way ahead on number of accounts,” Zapp said. “The number of accounts has been surprising.”
Many customers are downtown workers,but not all.
“It’s just networking. We don’t do anything different than the big guys,” Zapp said.
The move makes sense, said Bryce Rowe, a banking analyst at Robert W. Baird & Co.
“They already have a decent amount of commercial lending on the Ohio side,” he said.
Its capital levels are high enough to support a small acquisition, Rowe said. Bank of Kentucky is one of the most profitable banks among the 17 he covers.
While the Tri-State is dominated by regional banks, community banks can set themselves apart, said Stephen Brown, who heads the local market for Louisville-based Stock Yards Bank & Trust Co. That bank, too, has expanded locally in recent years.
They can do that, he said, by providing solid customer service and lending to small businesses that big banks might overlook.
Bank of Kentucky’s name hasn’t been a hindrance in Ohio, Zapp said. People are familiar with it, thanks largely to its naming-rights deal for the Bank of Kentucky Center, Northern Kentucky University’s arena, he said.
The downtown location has brought the 60-year-old Zapp full circle. He started his banking career in downtown Cincinnati at Provident Bank, a block from his branch.
“I always lived in Northern Kentucky,” Zapp said. “But in some ways this is like coming home.”
Watkins covers banking and finance, insurance and sports business
Industries: Banking & Financial Services
Ever expanding,
The Bank of Kentucky Financial Corporation (BKYF) is a bank holding company dominant in the Kentucky and Cincinnati geographic markets. The bank holds $1.7 billion in assets on its balance sheet and is continuously expanding its services provided to customers. A regional focus allows it to establish strong relationships with local customers and businesses, enhancing the safety and effectiveness of lending. During the third quarter the bank recorded an increase in net income available to common shareholders by 5% from the same period last year. During times of increased government regulations on the banking industry, Bank of Kentucky's stable operations seem poised for future success.
The location of its headquarters in Crestview Hills, Kentucky, has played a large role in continued expansion. Cincinnati's Northern Kentucky suburbs have had high population growth and Crestview Hills has the highest per-capita income in the state of Kentucky outside of the Louisville/Jefferson County suburbs. Boone Country, located not far from Crestview Hills, has experienced a 38% population growth over the past decade. Bank of Kentucky's geographic location is creating an expansion of its market.
The bank operates through thirty three different locations and fifty five ATMs. It has a reputation for maintaining strong customer relationships to whom various services are provided. President and CEO Robert Zapp stated during the earnings call, "[We] have focused on expanding existing customer relationships by selling investment services and additional bank products and services." Bank of Kentucky is looking to further expand the variety of services it provides, increasing its sources of revenue.
If you don't have 1000.00 dollars to gamble with here and just let it ride. You probably should not be buying anything in penny land. You should be putting your money in an IRA or 401. This is not going to make you rich overnight, there are to many flippers here. You have to be patient. MYEC has a lot more value than just the transaction fees. Hold tight and stop checking your balance every ten minutes. Buy what you can afford and forget about it, check it after the close and on news. These small transaction mean nothing and the few larger transaction are probably chasers headed off on a new chase! Be patient!
Nite is having a hay day with this, selling for .0044 and buying back at .004. wish I could!