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Re: rich pearl post# 351

Thursday, 04/04/2019 1:14:54 PM

Thursday, April 04, 2019 1:14:54 PM

Post# of 421
I'm tempted to add, but got so many hibernating tickers as it

I suspect that the 'exit' for the investors who bought the $23M worth of shares last year, is going to come in the form of a buyout, rather than market liquidity. There are a number of smaller banks, about the same size, around the Chicagoland area getting bought out recently.....and the new CEO has orchestrated another buyout with Wintrust Financial Corp and Community Financial Shares, Inc. (OTC US:CFIS) so thats probably where it's headed IMO.

The o/s is 230M, so looking at some of the other buyouts, for similar sized banks, I'd say if it happens it will probably be around .25 -.35 cents a share.....just speculating though, could be worth more.

Probably a longer term hold, but not a lot of risk at .15 or .20 cents at all, will pay off one of these days.


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