Southeast Banking Corporation (fka STBPQ)

[MU_Redskin1]

If the deal comes to fruitition we will exchange our STBP common shares for SEBC Holdings, LP units valued at $1.00. IMHO that is a 9-10 bagger from $0.10 - 0.11 purchases.

Here is a post I made earlier this year ... I still think it holds true, IMHO ...

EWAG on the deal ....

This is what I hypothecate ... the new SEBC Holdings, LP; the company we will swap our STBP stock for the "units" could evolve into a lucrative publicly traded limited partnership.

To investigate the subject of LP's start here ... http://www.naptp.org/ , then google 'publicly traded limited partnerships' and get educated.

SEBC Holdings, LP, will own the real estate valued at $34 million (through SEBC Real Estate, LLC) ... and 60% of SEBC Financial Corporation "A" common stock, the company that the investor (MODENA 2004-1 LLC aka Merrill Lynch) has invested $1.639 billion dollars. This money will be invested by SEBC Financial Corporation in a defined ASSET BACKED TRUST which will yield income to be distributed to all.

$500 million is sitting on the sidelines waiting to buy in through the investor too. The Investor will sell preferred stock and common stock to third party investors.

The new SEBC Organizational Corporate structure is clearly defined in the pro forma. That diagram should be easily discerned by an MBA or lawyer who specializes in LP's. I may just spend the cash to get a consultation. I suggest if y'all are serious about this investment to do the same.

Anyway here are some publicly traded LP's within the same corporate mission as the proposed SEBC Holdings, LP.

Real Estate - Properties

New England Realty Associates, L.P. AMEX
NEN

NTS Realty Holdings, L.P. AMEX
NLP

W.P. Carey & Co. LLC NYSE
WPC


Real Estate - Mortgage Securities

American First Tax Exempt Investors,
NASDAQ
ATAX

Centerline Holding Company (formerly CharterMac)
OTC
CLNH.OB


Investment / Financial

Alliance Bernstein Holding L.P.
NYSE
AB

The Blackstone Group L.P.
NYSE
BX

Brookfield Infrastructure Partners
NYSE
BIP

Fortress Investment Group LLC
NYSE
FIG

Icahn Enterprises, L.P.

(formerly American Real Estate Partners)
NYSE
IEP

KKR Financial Holdings LLC
NYSE
KFN

Lazard, Ltd.
NYSE
LAZ

Och-Ziff Capital Management Group LLC
NYSE
OZM

.... I may be off base but this is my hunch and opinion ...

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

MU_Redskin1