Georgia Bancshares, Inc. (GABA)

[56Chevy]

If memory serves me right the bank was closed by regulators and the FDIC in the summer of 2015.

Next the FDIC sold off the best of the assets to the highest bidder who happen to be another Georgia banker - Fidelity Bank out of Atlanta. The FDIC is on the hook for whatever sour assets that remained.

What you're seeing traded here are nothing but holding company shares stripped of its assets i.e. the bank itself. Think of these shares as the dirty bathwater minus the "baby".

I'm surprised the shares haven't been deregistered yet.

Marker:
.02 pps.

Sent by phone.