I agree obit. This appears to be the bank selling it's own shares derived from warrants received from the U.S. gov't.
They received TARP funds and gave the gov't warrants. Which poses the question:
Will the gov't ultimately surrender the FNF warrants????
I still think so. Not a recco.
I also think a bunch of hound dogs are barking up the wrong tree, here. I hope I am proven wrong but I doubt it.
There is plenty of self dealing here, already. We don't need anymore to win the case.
JMO. again. not a recco.
This prospectus relates to the offer and sale of up to 10,462,631 shares of our common stock, no par value per share, by certain selling shareholders identified herein, collectively referred to as the Selling Shareholders, which includes 22,072 shares of common stock issuable upon exercise of a warrant to purchase common stock issued to the United States Department of the Treasury, or the Treasury, on October 21, 2011. We refer to such warrant as the Amended TARP Warrant. We issued the common stock and the Amended TARP Warrant as part of our Recapitalization (as described below). We are registering the resale of the common stock as required by the exchange agreement we entered into with the Treasury and the subscription agreements we entered into with the other Selling Shareholders.
The Selling Shareholders may sell all or a portion of the common stock from time to time, in amounts, at prices and on terms determined at the time of the offering. The common stock may be sold by any means described in the section of this prospectus entitled “Plan of Distribution” beginning on page 15.
We will not receive any proceeds from the sale of the common stock by the Selling Shareholders.
On October 31, 2011, we effected a one-for-one hundred reverse stock split of our common stock.[color=red][/color] All share numbers and per share prices in this prospectus reflect the one-for-one hundred reverse stock split, unless otherwise indicated
The symbol is now COB. The only link to COB by Waterstone appears to be that they own 4.79% of COB's shares:
From Yahoo Finance....
Top Institutional Holders
Holder Shares % Out Value* Reported
Waterstone Capital Management, L.P. 1,051,764 4.79 13,409,991 Dec 31, 2013
Oak Hill Capital Management, LLC 4,930,314 22.44 62,861,503 Dec 31, 2013
Carlyle Group L.P. 4,930,313 22.44 62,861,490 Dec 31, 2013
Credit Suisse/ 625,000 2.84 7,968,750 Dec 31, 2013
Vanguard Group, Inc. (The) 472,608 2.15 6,025,752 Dec 31, 2013
BlackRock Fund Advisors 287,583 1.31 3,666,683 Dec 31, 2013
State Street Corporation 165,348 0.75 2,108,187 Dec 31, 2013
BlackRock Institutional Trust Company, N.A. 143,448 0.65 1,828,962 Dec 31, 2013
Northern Trust Corporation 130,350 0.59 1,661,962 Dec 31, 2013
Palisades Hudson Asset Management, L.P. 93,750 0.43 1,195,312 Dec 31, 2013
AI
