will put Jerry Woods in jail, **Liers are thieves
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WHO IS ANDY?
["then Andy says "500"]"
Does Guy have a BAT ???
Are you saying that GUY has come out swing ing the Bat for the shareholders???
If not who is on First ?
The Shareholders wants the collectables included in the shareholder receivables, without question..!
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Sorry , to busy ,did not focus. thanks
You got me!!!
What is a G65 and MB ?
FC used the FDIC and the OCC and UWB MANAGEMENT ....to steal UWBI UNDER COLOR OF LAW and probably comes close to the RICO ACT. [ Racketeer Influenced and Corrupt Organizations Act
UNDER COLOR OF LAW UWB was taken in SECRECY and most of the rumors are that the shareholders get screwed.
What are they saying about the all most $300 MM the FDIC Collected on our behalf ?
What makes up the .67 pennies that makes you and the FDIC so happy
So the CROOKS think they can get out of this Fraud that easy, with a token to the shareholders and they walk out clean! NOT TODAY!
Shareholders this is a call to arms. GO to Pvt Chanel to com.
Do you really think you can trust Willie / fredie?
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BE BOLD
$189,000 in cash in the company, Steve could buy 270,000,000 share buy back and make an even stronger company! GO, GO, GO Steve.
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"Guy is not truthful, imo.."
you are right, just another Banker!
and We know he joined the crime family to help in the stealing of UWB by FC and the FDIC!
MARKET IS UP AND WAITING FOR YOU TO MAKE YOUR MOVE on THE FDIC, FC, AND GUY GIBSON!
Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley
Enjoy Happy Hour all day today!
PASS THE BOTTLE please!
"WE DON'T KNOW WHO TO BELIEVE ANYMORE WITH THIS CRAZY UWBI MESS."
Fred you are right about one thing WHO CAN YOU TRUST ?
At least OSWALD told the truth, he is not the one who shot the president, He was a Patsy !
So who is your Patsy WITH THIS CRAZY UWBI MESS ?
.
After giving effect to the sale of common stock pursuant to this prospectus supplement and accompanying prospectus in the aggregate amount of $20 million at an assumed offering price of $2.98 per share, the last reported sale price of our common stock on the Nasdaq Capital Market on June 7, 2019, and after deducting estimated aggregate offering expenses payable by us and accounting for the issuance of all of the commitment shares registered hereunder, our net tangible book value as of March 31, 2019 would have been $34.2 million, or $0.62 per share of common stock. This represents an immediate increase in the net tangible book value of $2.36 per share to our existing stockholders and an immediate dilution in net tangible book value of $0.33 per share to new investors.
The following table illustrates this per share dilution:
Assumed public offering price per share $ 2.98
Net tangible book value per share as of March 31, 2019 $ 0.29
Increase per share attributable to new investors $ 0.33
As adjusted net tangible book value per share as of March 31, 2019 after giving effect to this offering $ 0.62
Dilution per share to new investors purchasing shares in this offering $ 2.36
The table above assumes for illustrative purposes that an aggregate of 6,711,410 shares of our common stock are sold pursuant to this prospectus supplement and the accompanying prospectus at a price of $2.98 per share, the last reported sale price of our common stock on the Nasdaq Capital Market on June 7, 2019, for aggregate gross proceeds of $20 million, and 64,877 additional commitment shares are issued in connection with such sales (in addition to the 324,383 initial commitment shares being issued as a commitment fee for Lincoln Park for entering into the Purchase Agreement). The shares sold in this offering, if any, will be sold from time to time at various prices. An increase of $1.00 per share in the price at which the shares are sold from the assumed offering price of $2.98 per share shown in the table above, assuming all of our common stock in the aggregate amount of $20 million is sold at that price, would result in an adjusted net tangible book value per share after the offering of $0.64 per share and would increase the dilution in net tangible book value per share to new investors in this offering to $3.34 per share, after deducting estimated aggregate offering expenses payable by us. A decrease of $1.00 per share in the price at which the shares are sold from the assumed offering price of $2.98 per share shown in the table above, assuming all of our common stock in the aggregate amount of $20 million is sold at that price, would result in an adjusted net tangible book value per share after the offering of $0.58 per share and would decrease the dilution in net tangible book value per share to new investors in this offering to $1.40 per share, after deducting estimated aggregate offering expenses payable by us.
MY OPINION: fred is making all of this up, is this just to steal $700K ?
But if it happens we will have a LAW SUIT against the attorneys,
I hope they have a good insurance policy for all the claims that will be brought against them by each and every shareholder.
FC used the FDIC and the OCC and UWB MANAGEMENT ....to steal UWBI UNDER COLOR OF LAW and probably comes close to the RICO ACT. [ Racketeer Influenced and Corrupt Organizations Act
UNDER COLOR OF LAW UWB was taken in SECRECY and most of the rumors are that the shareholders get screwed.
WHO WANT TO CONTROL THE NARRATIVE ?
WHO WANT ALL THE CONTROL ?
WHO WANY THE SECRET BK COURT ?
WHY DID GUY GO UNDER GROUND ?
WHY IS GUY REFUSING TO TALK TO SHAREHOLDERS ?
WHY IS GUY REFUSING TO DO HIS FIDUCIARY DUTY ?
WNY DID GUY HELP FC TAKE OVER UWB BANK ?
WHY DID GUY GO TO WORK AT FC OFFICES ?
WHY DID GUY BUY AN ADDITIONAL 16 MM SHARES OF UWB ?
fred .....tell you that the share don't care.
[color=red]WHY IS FRED USING THE FRASE [ WHO CARES] all the time.
[/color]
I believe that settlement open the door so UWB could sue JP for putting UWB in a position to go Bankrupt..........
If I remember correctly JP wanted That included,..... but the FDIC refused to included leaving UWB the right to sue JP for putting UWB in a bad situation.
.
You just reversed every thing you have said over the last month!
CONGRATULATION! !!!!
I don't agree that HOGAN LOVELLS gets any thing at this point!
YOU are sitting on the assumption that FCNCA stock is on the table and will stay on the table......it can be yanked at FC whim.
Assume we got our stock six years ago and the price was Under $200and the Divi at $0.35 per Q X 4Qs X 6 Years = Look like $8.40 or $2,520,000
NOW add that to $12.70 and what do you get?
Every thing that you are saying sounds like the DEMs in Congress trying to steal from you and me.
a bunch of scratched old women fighting over a Popsicle and charging to the shareholders and will as long as there is money in the pot......THEY WIN BECAUSE THE MONEY COMES OUT OF YOUR POCKET!
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Sunday June 9, 2019
Just more GARBELYGOOK
. Yeah well, how do you expect to get better at learning and understanding if nobody points out your garbelygook of those trying to control the narrative.
We don't have to point out the inconsistency AS of now I am expecting $12.70 or more.
NEXT COURT DATE REPORTED IS JUNE 20th.
ProMIS Neurosciences Identifies Novel Antibodies for Alzheimer’s Disease with Selectivity for the Neurotoxic Form of Tau
May 28, 2019 News, Uncategorized
https://promisneurosciences.com/uncategorized/promis-neurosciences-identifies-novel-antibodies-for-alzheimers-disease-with-selectivity-for-the-neurotoxic-form-of-tau/
BOB I am NOT HAPPY ETHER!
If I have to start a campaign in COLORADO to tell the people HOW FC
STOLE UWB BANK and are/is not to be TRUSTED and how GUY helped FC steal/ take over UNITED WESTERN BANK and then went to work for FC.
How GUY didn't/and wont tell the shareholders what is going on any time in the last 8 years.
The FDIC ,FC AND GUY sent there MAN TO Call the shareholders NAMES,
THREATEN them and confuse them to get them to back off and take less then the shareholders Equity....YES Iam PISSED....WHAT SAY YOU????
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1/99 is just another way of hiding [stealing ]from the shareholders!
From one side of your face you say....THE DIRTY DEED HAS ALREADY HAPPENED...................HOW MANY SHAREHOLDERS AGREE WITH YOU?
AND the other........you can't pass judgement until the GAME IS OVER.
you cant make up your mind!
THE buyer of uwbi HOLDCO did not want any disclosures...............
THE only reason the buyer wanted secrecy is he did not want the shareholders or any body else to find out that he was taken advantage of the UWB. [STEALING THE BANK]
FC used the FDIC and the OCC to steal UWBI UNDER COLOR OF LAW and probably comes close to the RICO ACT. [ Racketeer Influenced and Corrupt Organizations Act (RICO) people who threaten shareholders can fall under the RICO ACT.
..............NO EVIDENCE IS NOT EVIDENCE......................
The lack of evidence and SECRET BK to wonder who is posting all the strange comments. WHO IS THAT PERSON WORKING FOR?
UNDER COLOR OF LAW UWB was taken in SECRECY and most of the rumors are that the shareholders get screwed.
You WANT TO CONTROL THE NARRATIVE and CONTROL THE SHAREHOLDERS ..........THAT WILL NEVER HAPPEN WITH ME!
DID I JUST GET ANOTHER THREAT TO SHUT ME UP AND SHOUT ME DOWN!
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..........frankie's at risk, not us............
What are you talking about?
WE ARE THE LAST ONE to see any thing IF ANY!
LOOKS LIKE WE TOOK ALL THE RISK!
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Anatomy Of A Bank Takeover
March 26, 2009 1:59 PM ET
Chana Joffe-Walt
Our Top-Secret Mission:
To explain the economy.
Get smarter on Planet Money.
On a mid-January night, some 80 agents of the Federal Deposit Insurance Corp. pull into Vancouver, Wash. Their rental cars are generic, their arrival times staggered. One by one, agents check into a hotel, each quietly offering a pseudonym to the guy at the desk.
They're here to take over the Bank of Clark County, which the FDIC has decided is insolvent. It's the agency's job to insure American bank deposits and to step in when a bank fails. The FDIC tries to keep the planning for its operations top secret, to avoid sparking a panicked run on the bank.
At 9 o'clock on this particular Thursday night, FDIC agents call another bank nearby, Umpqua Bank. They tell executives there that Umpqua has been selected to take over the Bank of Clark County. They order them not to tell anyone. Come to a meeting tomorrow at noon, they say, and we'll fill you in on everything you need to know.
The next day, Ric Carey, an Umpqua vice president, heads into that meeting. "The FDIC had taken a location approximately two miles from the main office of the bank in a hotel under a different name," he says later. "And they've been through quite a few of these. I think one of the gentlemen leading the discussion said, 'You know, I've done over 200 of these over my 25 years, and let me tell you how it's going to work.' "
He agrees it almost feels like a spy movie. "They've done this before — quite a production," he says.
Breaking The News
Todd Zalk is what you'd call a team player, a total bank loyalist to the end and beyond.
Zalk works at the Bank of Clark County — "the best community business bank," he says, "because we've changed the game in business banking and we were winning." He laughs at himself, but a month after the failure he's still wearing his Bank of Clark County nametag, still passing out his bank business cards with a warm handshake and calling people by name whenever possible.
Zalk says he had no idea the FDIC was in town and his bank was about to fail. On Friday afternoon, failure day, he was bringing in new business. "I had people that wanted to open accounts," he says, adding that he opened more than 55 new accounts in the fourth quarter.
He knew the bank was going through a rough time — everyone knew that. The CEO had been saying that the bank was like a ship. The bank had taken on some water in the recent storm and might need a bigger ship, meaning a larger bank, to take it on. But things were basically under control.
On that Friday afternoon, Zalk is out meeting with potential clients.
At 5:01 p.m., a small team enters the Bank of Clark County. They're a casual group, just two FDIC agents and a Washington state regulator, and they head straight for the CEO's office. And this is when it happens: They deliver the news. They tell him his bank is undercapitalized and has failed.
At 5:03 p.m., an agent positioned by the CEO's office door, types the news into a BlackBerry. It is received by everyone on the FDIC takeover team, including the FDIC's manager on location, Ron Hodges.
"At 5:04, we receive the notification that the bank had been declared failed," Hodges says. "It's that simple."
A minute later, FDIC agents begin closing in on the bank. A few are already inside, quietly and discreetly securing the cash and the vaults.
Carey, with Umpqua Bank, has assumed a position down the street. He's sitting in his car, waiting and watching.
Gone In A Flash
Zalk, oblivious to all this, heads back into the office after a long day of work. And it's weird, he says, how tense everyone seems. A teller mentions that there's a staff meeting at 6 p.m.
"By this time it was quarter to 6, and I went up to someone who was senior vice president at the bank and I said, 'How are you doing?'" Zalk says. "And they said, 'Oh I'm doing all right.' I could tell something was going on and they didn't want to say. We looked across to the other side of the bank and there were two employees adjusting pictures on the wall. And he kind of laughed and said, 'Wow, that reminds me of adjusting the chairs on the Titanic before it sank.' And that really told me something was going down."
The Bank of Clark County staff gathered in the lobby at 6 p.m. The group included a couple of people in suits whom none of the bank staff recognized.
"Mike Worthy, our CEO, came out," Zalk says. "It was very short. He stood up and said, 'Well, I've used the analogy that we were a ship that was taking on some water and we needed to pull up next to a bigger ship, and we thought we had a few buyers for that. And now the biggest ship that sails the seas has come alongside us, and they are going to be taking us over — and that is essentially the federal government."
At 6:03 p.m., down the street in his car, Carey notices his BlackBerry vibrate. He was getting the signal, an e-mail: "It's time. Come in."
Two minutes later, Carey gets out of the car and starts walking toward the bank. Meanwhile, in the lobby, a woman from the FDIC takes the stage.
"She said within the next 10 minutes there will be 80 FDIC employees coming into the bank. And I looked out there, and it was dark so I couldn't really see," Zalk says. "Then all these people, mostly in suits and professional clothing with attorney-type briefcases, start entering the bank, just flooding into the bank. I was so awestruck at them coming in — and so many of them coming into the bank, that I turned around and looked over there, and just kept watching them, and they just continued to come. I mean 80? I mean, our bank had, like, 100 employees."
Out in the parking lot, he noticed a flash. It was a photographer for the local newspaper taking a photo for the front page of Saturday's edition.
Keeping The Doors Open
At 6:08 p.m., Carey enters the bank he will own in just a few days. He finds the staff members are standing in their closed bank headquarters trying to digest the news. Some of them are crying. He remembers one of them saying, "My goodness, I just told one of our biggest customers yesterday, 'Don't worry, everything's fine.'"
He says they seemed almost personally embarrassed that they now had to face those customers.
It's now around 6:10. The Clark County people have a bunch of questions running through their heads — first among them: Do we get to keep our jobs? Carey can't answer that. Umpqua will need only about a third of the Bank of Clark County staff. But it's too soon to let individuals know whether they just lost a job.
The Bank of Clark County no longer exists. It's not quite Umpqua Bank yet. The FDIC is in charge. The bank has to open its doors Tuesday morning — Monday is Martin Luther King Jr. Day.
The FDIC agents announce that, through the weekend, the staffers will be temporary employees of the FDIC. Stay and help us, the agents say.
"Most of us were planning on leaving at the end of the day," says Ken Moody, the bank's vice president of information systems. "My daughter had a seventh birthday that we were going to go to."
Like An Autopsy
At 6:20 p.m., the FDIC agents spread out into offices, storage rooms, hallways, into any space available. They tape handmade signs to the doors, labeling rooms with functions like "audit," "security" and "investigations."
The agents begin going through files. They change the Web site and count all the cash by hand, a task that takes three hours. They check the safe deposit boxes, go through desk drawers and toss out bank letterhead.
From all the paperwork and computer hard drives, the FDIC has to reconstruct the bank's entire balance sheet. It has to know what it's selling to Umpqua.
The agents' work includes checking every single account. Ones with a balance under $250,000 are fully insured by the FDIC. But some people have more than that, and there are business accounts and loans and it gets complicated. Some of the accounts are covered, some aren't.
While the agents are sorting all this out, they can't have customers going online and moving money around. They need to shut down the bank's computers for a short while, maybe an hour. "Things started happening very quickly and with what seemed to be a lot of precision," Moody says.
At 6:25 p.m., Moody sees three agents approaching. They hand him a thumb drive and ask him to plug it into a computer. The drive contains all the instructions about all the computer systems.
"It was like watching an autopsy being performed by a really skillful surgeon," he says. "They just came in and sliced and diced and broke the bank up into a bunch of different pieces, threw them into different buckets — and did it with great efficiency."
It was like an autopsy, he says, of all the work the bank employees had done together for a decade.
'They Were Really Nice'
Many workers at the Bank of Clark County said one thing about the FDIC that you don't often hear about a government agency — that it did a really good job. They describe the agents as kind, courteous and efficient. Everything was structured, even how and when to grieve.
"Many of the people who came in from the FDIC got to where they were because they were part of a bank that was failed," says Lisa Stapleton, an assistant loan officer. "And they were like, 'You know what? We've been where you are. And we understand and it's going to be fine.' So they were really nice. Having that empathy helped it kind of make it a little more pleasant."
The Bank of Clark County had 100 employees and assets of $446 million — it was a really small bank. But the federal takeover kept 80 FDIC agents, about 50 Bank of Clark County staff, and 100 Umpqua employees, working round the clock for three days.
Most of the largest banks in trouble right now — Citibank, Bank of America — are about 6,000 times the size of the Bank of Clark County and much, much more complicated.
Considering the scale involved, it's not surprising the U.S. Treasury secretary's latest plan does everything it can to avoid using this process on those big banks. When you take over a little bank, it's called receivership. When you do it to a big bank, people throw around the word nationalization.
But on the other hand, check these FDIC folks out. They know what they're doing. And every week they get more experience. In the 10 weeks since the FDIC took over the Bank of Clark County, 18 more banks have failed. That brings us to a grand total of 20 since the start of this year — a number that will likely grow tomorrow
This is because of the different standards under different legal systems. In a minority oppression case, oppression (improper conduct by the majority shareholders that warrants relief) need only be proven by a preponderance of the evidence, meaning it only has to be more likely that not that the majority engaged in improper conduct. In other words, a 51% likelihood is enough for the oppressed minority shareholder to prevail.
In some cases, of course, the facts are so egregious that a prosecutor may have some interest. In one such case, a forensic accountant I was working closely with was able to meet the prosecutor with me, and together we convinced him that an indictment was, in that particular case, warranted. Not only did the majority shareholder face indictment, but he was also sued for shareholder oppression in civil court. This happened despite our warning to the client that he might not even want the majority owner to face indictment, because spending money to keep himself out of jail would be his first priority, not settling with our client.
If you have suspicions about improper conduct by a majority shareholder, an experienced shareholder rights attorney will be able to advise you as to whether your matter may be one of the very few that may interest a prosecutor, and whether it is even in your best interest to go down that path if it is available. But even if criminal prosecution is not warranted or advisable, a business divorce action may be available to you.
If you have any questions about this post or any other related matters, please contact me at dcroberts@norris-law.com
How to Report Suspected Bankruptcy Fraud
https://www.thebalance.com/reporting-bankruptcy-fraud-316245
Information Needed to Make a Report of Bankruptcy Fraud
The Department of Justice has been charged with the responsibility for investigating and prosecuting cases of bankruptcy fraud either directly or through the Office of the United States Trustee. To report suspected cases of bankruptcy fraud, the Justice Department asks that you provide a written summary with the following information:
Name and address of the person or business you are reporting.
The name of the bankruptcy case, case number, and the location of where the case was filed.
Any identifying information you may have regarding the individual or the business.
A brief description of the alleged fraud, including how you became aware of the fraud and when the fraud took place. Please include all supporting documentation.
Identify the type of asset that was concealed and its estimated dollar value, or the amount of any unreported income, undervalued asset, or other omitted asset or claim.
Your name, address, telephone number, and email address.*
*Please note that you are not required to identify yourself, but knowing who made the report could be helpful to the investigation, especially if further questions arise.
Vague general assertions are less likely to lead to an investigation and prosecution than will detailed specific facts supported by appropriate documentation.
Where Do I Make a Report of Bankruptcy Fraud?
Here's how to get that information to the appropriate authorities:
What Happens When You Report Bankruptcy Fraud
The Justice Department's policy is that criminal investigations will not be disclosed. The Justice Department and the US Trustee's office will not confirm or deny if an investigation is taking place or even if a matter has been referred to them. Consequently, you will not receive an acknowledgment that you submitted this information and you may not learn the results of your submission unless the Justice Department or the US Trustee's office needs to contact you for further information or if a prosecution goes forward.
And you are expecting a 20% pop to FC price with 2019 ????
FOR ALL THE OLD FARTS********* THE YOUNG ONES TOO.
YOU NEED TO SEE THIS.
YOU NEED TO SEE THIS.
[OLD] 945000 FC shares X $400 = $378,000,000 - 34MM for claimants
= $344,000,000 for UWB shareholders Div by 29.4 = $11.70
**********************************************************
Change *FC shares are NOW..... $435 each, times 945000 FC shares =
$411,075,000 less $34,000,000 for claimants = $377,075,000
div by 29.4 = $12.83 for UWB shareholders
******************************************************************
*What about the $300 MM the FDIC has collected for UWB?
*Don't we have monies Coming from UBS Bank and and the Royal Bank of Scotland?
*What about the LIBOR settlement?
*What about all of the UWB assets not wanted by the FDIC ?
*Where are the monies from the sale of assets [sale of property]
There must be more to add to the list
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Do we let the FDIC steal all of the monies that was collected
on our behalf $250mm to $300mm or about another $10.20 per share
Bob if you take $11.70 X 29.4 UWB Shares you have freddies Lotto number.
I am sorry Bob, I think you know that I know/we know nothing until Wil/freddie speaks! [as per fred ]
BIGTIME SECRETIVE about what is going on..........................must be hiding something...........
I got News for Willey, there has been a Black Out on Info from day one.
Looks like $11.70 or better.
$155+ 34=189 div by FC $170= 1111764 FC shares
***********************************************************
as Per fred
$155+ 34=189 div by FC $200 = 945,000 FC shares for UWB
claimants $34,000,000
945000FC shares X $400 = $378,000,000 - 34MM for claimants
= $344,000,000 for UWB shareholders Div by 29.4 = $11.70
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