McHenry Bancorp Inc. (MCHN)

[Big Brother]

I thought it looked cheap too.....unfortunately I bought this ticker without really conducting very much DD, or knowing all the details first, and has been one of my biggest losers in years.

Honestly, this probably belongs on the Grey Market, but because they file financials with the Federal Reserve, or whatever banking regulators they report too, got automatically uplisted to Pink Sheets.

With that said though, management has very little interest in being a public company from what I can tell. I assume it must have been some stipulation in the recapitalization, or something the investors required, no idea why though.

There are 232M shares outstanding, the recapitalization was done at .10, many, if not most, shares are unrestricted now.

Non-DTC eligible, and it's unlikely they will be as they don't want to spend the $$$ to become eligible. I would NEVER buy a non-DTC eligible security again, and usually TDA does not allow you too make that mistake but there was a short loophole at the beginning of trading, right after it went Pink and they allowed some trades.

May never see any SEC filings/reporting, especially if they don't want to spend a few thousand dollars for DTC.

If they cared at all about being a public company, .10, even .20, .25 would be VERY cheap for this, but they don't, maybe in the distant future, but anyone who buys this must be in it for the loooonng haul. Maybe hope for a buyout, or acquisition by a larger bank, thats a possibility as well IMO.