Southeast Banking Corporation (fka STBPQ)

[MU_Redskin1]

SEBC Holdings ... we are not in this alone folks

Simply illustrated below, this is the composition of SEBC Holdings as proposed. There are many more interests represented in this deal than just our 'common interests'. That, in my opinion, is the heart and strength of this deal moving forward.

Assets
$34 million worth of real estate in Jacksonville FL
15 million shares SEBC Financial Corporation Series 'A' common stock ( Initial value $15 million)
Cash

Common Shareholders - Common Units
12-13 million currently accounted

Preferred shareholders - Preferred Units
FDIC
Atlantic Investments (Norfolk Southern)

Large Unsecured Creditors represented by: (Preferred Units)
US Bank
Bank of New York/Mellon
Elliot Capital Management
Gabriel Capital Management
Stonehill Capital Management
Mariner Investment Group


Best to all ... MU_Redskin1