Southeast Banking Corporation (fka STBPQ)

[MU_Redskin1]

It looks as though the Trustee/SCS/Investor have priced everything at a dollar to make the deal clear, the intial accounting simple and as a basis to get the deal done as simply and soon as possible. The investor has the right to sell the preferred and common to whoever they like after the deal is completed.

It says in the Disclosure/Plan that there is a third party investor who is ready to invest " at least $500 million" in this deal. To me that is an indicator of bigger things to come once we get he deal completed. imho.

We're having a nasty, rain, sleet, ice, snow storm here in beautiful northeast Ohio.

Best to all ... good luck and good investing.

MU_Redskin1