Sun American Bancorp (fka SAMB)

[GEO928]

FORDGT.....a question and some speculation....

ques: isn't a stock buy-back considered a "material event" (i.e. one which directly affects the shareholders)?

if a buy-back is a material event, the SEC requires they announce it....and, from my experience, most buy-backs are announced....(my guess is because of the positive "propaganda" value alone)

buy-backs have to be executed at the bid.....a company CANNOT buy-back at the ask.....SEC rules....(but, I haven't been looking carefully at how many shares were executed at bid or ask)

SPECULATION......Stonegate Bank recently bought Integrity in Jupiter, Fl because Integrity was on "shaky ground" just like Sun.....although SAMB is 10 times bigger.....

anyway....the point is that Stonegate is looking to "acquire"....and, i believe they are also out of Boca Raton....so, who knows....but, there's a possibility....