Vineyard National Bancorp (fka VNBCQ)

[jdsgungho]

I cant help but to continue to think vnbc will be on the rise, only to the demise of douglas kratz and perry hansen whom i believe want this stock to remain cheap, both are owners of one investments llc the corporation founded by doug kratz, a chairman on the board of vineyard national bank. He wants to buy all the shares of vineyard and own the bank, obviously the higher the pps the more that will cost him. Which to me explains the downward pressure being exhibited. But as this gains steam and buying pressure on a float that we know is very small, i dont believe he will be successful at holding this down but for a limited time. His intentions are to buy all the banks shares for 18 million dollars, with 10 million shares in the o/s and him and hansen owning about 600,000 already which were bought in february for about 7 dollars per share. That would leave them having to buy roughly 9 million shares as some of the other directors that stay on will keep their shares (JMHO). divide the 9 million shares by 18 million dollar price tag and you come up with .50, its in his best interest to keep this below .50 until he can come up with the 125 million, a task i doubt he completes . He and hansen have limited resources between them and with short covering still a very likely possibility that task will become even harder. The pressure is on and we have seen how fast this low floater moves, imo this week could become very interesting.
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doug kratz-
http://biz.yahoo.com/t/15/415.html

perry hansen-
http://www.sec.gov/Archives/edgar/data/840256/000120919108048553/xslF345X02/doc3.xml

other directors form 3s
http://www.sec.gov/Archives/edgar/data/840256/000120919108048114/xslF345X02/doc3.xml

http://www.sec.gov/Archives/edgar/data/840256/000120919108048129/xslF345X02/doc3.xml

http://www.sec.gov/Archives/edgar/data/840256/000120919108048332/xslF345X02/doc3.xml

doug kratz

http://www.sec.gov/Archives/edgar/data/840256/000120919108048333/xslF345X02/doc3.xml

http://www.sec.gov/Archives/edgar/data/840256/000120919108048553/xslF345X02/doc3.xml

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One such troubled institution, Vineyard National Bancorp of Corona, said last week that its chairman, Douglas M. Kratz, would attempt to raise $125 million privately to back a new corporation that would buy all the shares of Vineyard National's main subsidiary, Vineyard Bank.

Vineyard National said Kratz had agreed, contingent on raising the money, to purchase the bank for as much as $18 million.

Of the purchase price, $10 million would be payable at the closing of the transaction, with $9 million of that to be paid to Vineyard's senior lender, First Tennessee Bank.

Vineyard shares closed at 39 cents Thursday, when it announced the deal, but have sagged since then. The stock was down 5 cents Monday at 30 cents a share.

http://www.latimes.com/business/investing/la-fi-banks18-2008nov18,0,7688567.story
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heres that corporation, one investments llc

Kratz beneficially owns all of the shares
of Common Stock held by One Investments and has the sole investment
control of all securities held by One Investments. The shares of
Common Stock held by One Investments are included in the total amount
reported as beneficially owned by Kratz.

Hansen is the beneficial owner of 257,500 shares of Common Stock,
which constituted approximately 2.5% of the Issuer's outstanding
Common Stock, and Hansen has the sole power to vote and to dispose of
these shares.

(c) Information with respect to transactions in the Common Stock
effected by the Reporting Persons during the last sixty (60) days is
set forth below:

Shares Price Per Where Reporting
Date: Acquired: Share: Transacted: Person:
----- -------- -------- ---------- ---------
February 11, 2008 57,500 6.59 Open Market One Investments
February 11, 2008 57,500 6.59 Open Market Hansen
February 12, 2008 150,000 7.01 Open Market Hansen
February 12, 2008 150,000 7.01 Open Market One Investments
February 13, 2008 50,000 7.05 Open Market One Investments
February 13, 2008 50,000 7.05 Open Market Hansen
February 15, 2008 5,000 7.40 Open Market Kratz
February 19, 2008 7,000 7.42 Open Market Kratz
February 21, 2008 3,000 7.63 Open Market Kratz

http://www.secinfo.com/dRAQa.t2p.htm

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heres another story-

Vineyard Bank announced last week that it is voluntarily agreeing to a federal regulator's consent order, which says the bank must manage its financial woes by following a three-year capital plan and numerous other rules.

Through investor group One Investments LLC, Kratz bought almost 10 percent of Vineyard's stock in late June for about $6.3 million. Morales and Salmanson joined Kratz in the stock purchase.



http://www.insidesocal.com/the_bizz/2008/08/vineyard-banks-leadership-in-t.html