Four Oaks Bank & Trust (fka FOFN)

[56Chevy]

"Crash"? No.

Go down in pps? Sure. But that's to be expected and the people buying this know full well that the pps will fall once the offering gets underway.

The trading activity since the announcement of the rights offering may cause some head scratching but ever since the announcement was made this has been what I would call a picture perfect lead up to a highly successful rights offering.

What does this rights offering have that many others don't? A backstop investor. And I think that's why we've seen superb investor interest.

Investors aren't here to flip the stock...these are tight hands buying this and they're very determined to get as many rights to buy more @ $1 as possible.

Marker:
Four Oaks Fincorp, I (FOFN)
$2.73 down -0.02 (-0.73%)
Volume: 14,660

*stock hit a high of $3 earlier in the session.